The Manchester Financial Group will be providing the city’s downtown redevelopment planners with an update on the development plans for the Navy Broadway Complex this afternoon.
The redevelopment arm, known as Centre City Development Corp., has been reviewing Manchester’s plans for the nearly 15-acre site since April. Manchester is trying to strike a delicate balance between the project’s profitability (the developer will have to raise the money needed to build the Navy an office building for free) and the interest of CCDC board members who say they want the project to be a civic masterpiece.
Read more about CCDC’s role here. If the board says Manchester’s plans don’t comply with the earlier agreement, the waterfront property could fall into the military’s base closure process, known as BRAC.
Today’s meeting begins at 2 p.m. in the City Council chambers, located on the 12th floor of the City Administration Building. The address is 202 C St., downtown San Diego.