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Signs of the Times Taken Down

In 2005, ipayOne made a deal to pay $2.5 million over five years for San Diego Sports Arena naming rights. Last week, the venue reverted back to its original name and workers took down ipayOne signage.

The action somewhat confirmed a Pollstar magazine report that said the Carlsbad-based mortgage company stopped making payments for the naming rights last year. It's been confirmed that ipayOne is no longer accepting real estate listings and that it is liquidating its assets.

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The Sports Arena sits on land owned by the City of San Diego. In addition to lease payments to the city amounting to nearly half a million dollars annually, Arena Group 2000 is expected to pay the city 10 percent of the money it gets from Sports Arena naming rights. Developer Ron Hahn, the owner of Arena Group 2000, allegedly has majority ownership of the ipayOne brokerage. The ramifications of the city losing out to the approximately $200,000 it was expecting to receive over the next three years are unknown.

Neither Ron Hahn nor his son Ernie (general manager of the Sports Arena) returned calls requesting comment.

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In 2005, ipayOne made a deal to pay $2.5 million over five years for San Diego Sports Arena naming rights. Last week, the venue reverted back to its original name and workers took down ipayOne signage.

The action somewhat confirmed a Pollstar magazine report that said the Carlsbad-based mortgage company stopped making payments for the naming rights last year. It's been confirmed that ipayOne is no longer accepting real estate listings and that it is liquidating its assets.

Sponsored
Sponsored

The Sports Arena sits on land owned by the City of San Diego. In addition to lease payments to the city amounting to nearly half a million dollars annually, Arena Group 2000 is expected to pay the city 10 percent of the money it gets from Sports Arena naming rights. Developer Ron Hahn, the owner of Arena Group 2000, allegedly has majority ownership of the ipayOne brokerage. The ramifications of the city losing out to the approximately $200,000 it was expecting to receive over the next three years are unknown.

Neither Ron Hahn nor his son Ernie (general manager of the Sports Arena) returned calls requesting comment.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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