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How will an expanded Convention Center get paid for? City taxpayers, tourists and the Unified Port of San Diego will all contribute, and city taxpayers’ share could grow.
“Make it Rain Man,” the superhero helping San Diego figure out where to get money for the deal, returns in San Diego Explained with our Scott Lewis and NBC7 San Diego’s Catherine Garcia to look at the funding sources.
View more videos at: http://nbcsandiego.com.
Note: At the 2:25 mark, Lewis mentions that $3.5 million from the city’s day-to-day operating fund may be invested for the expansion. It’s actually $3.5 million annually over 30 years. That would be a total of $105 million from the city’s day-to-day budget, which pays for police, fire, street repair and other city services that have seen a decline.
Dagny Salas is the web editor at voiceofsandiego.org. You can contact her directly at email@example.com or 619.550.5669.
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