From the Reporter |
What Happened? |
The City Council voted to give an uncommon, perhaps unprecedented, 21-year lease extension to the owner of the Bahia Resort Hotel on Mission Bay. |
How Does it Work? |
The owner isn’t required to make any improvements to the property, but if he gets a major redevelopment project approved, he’s rewarded with a new, 50-year lease to help finance it. The city says this is all to encourage a major redevelopment. |
Why Is it Odd? |
Most lease extensions require redevelopment of city property. The lease was also rushed through the City Council a week before Mayor Bob Filner’s inauguration. |