Mayor Jerry Sanders is set to announce tomorrow a plan to sell 21 properties for a total of more than $30 million in the coming fiscal year. The announcement is part of the mayor’s plan to sell $100 million of the city’s vast real estate holdings in the next five years.

The city of San Diego late last year took the preliminary step toward its first large-scale land sale in recent history by offering a batch of properties to other government agencies. Governments are required to offer surplus land to other public agencies before putting it up for sale to the general public. (Here’s the website that currently lists all those properties being offered.)

The mayor will announce at 11 a.m. the lots that have been chosen for sale.

Here’s another story we did on how the city came to be a major landowner in La Jolla and some of the rents it was charging (and, in one case, not receiving).

ANDREW DONOHUE

Leave a comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.