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Escondido Offers To Pick Up The Entire Tab For New Ballpark
Comments (3) I love baseball and it would be nice to have a Triple-A stadium down the street but I’m not sure this is a good idea. No cash from the Padres? Is this really the way most minor league stadium deals are structured?
Landing the top minor league team of the San Diego Padres would require Escondido to pay the entire $45 million cost to build a 9,000-seat ballpark and to give the team all revenue from concessions and naming rights, city officials said Monday.
Mayor Lori Holt Pfeiler said the city’s motive for spending so much money without any immediate revenue in return would be spurring development of a large district of shops, restaurants and condominiums near the ballpark, which would be built on mostly vacant city land between Washington Avenue and the Sprinter rail line.
“A ballpark would be a cool anchor that changes the way people feel about that area,” said Pfeiler, predicting the ballpark would attract many millions of dollars in private development to the industrial zone south of Highway 78 and east of Interstate 15. “This is the quickest way to get what we want to happen there.”
When asked about the proposal, City Councilman Sam Abed said he was concerned that the city would be committing nearly all of its redevelopment revenue for the next 25 years without any guaranteed return on that investment.
“The deal right now is frontloaded to the Padres and backloaded to the city,” Abed said, noting that the only immediate revenue would be “insignificant” lease payments from the team. “We only benefit if and when all this ancillary development happens.”
