Quantcast
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

Will political money war lay waste to Mission Valley?

Council president sets up 2018 election fund for high-dollar shootout

Council president Myrtle Cole
Council president Myrtle Cole

The battle over city-owned Qualcomm Stadium has been joined by two old-line Mission Valley developers, virtually guaranteeing a costly political fight over the fate of a giant soccer-themed high-density commercial and housing complex on the 165-acre city-owned parcel being promoted by transplanted mega-millionaire Manhattan hedge-fund operator Mike Stone.

Mike Stone

But whether the latest entry in what is quickly becoming the city's largest-ever big-money land-grab derby is good or bad news for taxpayers and the increasingly congested river valley may be in the eyes of the beholders.

Tom Sudberry

"Public Land, Public Vote, a coalition of San Diego taxpayers, community planners, local businesses, and education, park, and environmental advocates," is the name of a campaign fund registered with the city clerk's office on Thursday (March 16), with "major funding by H.G. Fenton Company and Sudberry Properties."

The group's mission, according to the filing, is to oppose the so-called San Diego River Park and Soccer City initiative petition currently being circulated by Stone’s FS Investors, which, if it obtains sufficient signatures from the city's registered voters, would require the city council to consider a lucrative development deal for the stadium site drawn up by none other than FS itself.

The council could then either adopt the FS plan without a vote of the people or allow the proposal to go to the ballot.

Even if the council fast-tracked the plan, thereby keeping it out of the hands of voters, the FS deal could still be forced onto the ballot by another signature drive. Well-financed opposition by Fenton and Sudberry to the already controversial measure could force FS to come up with millions of dollars in campaign funds, significantly cutting into the firm's ultimate payoff.

As the stakes have grown, a key player in the ongoing stadium drama has become Fourth District city councilwoman Myrtle Cole.

Dwayne Crenshaw

The city-council president has been a longtime stalwart of Mission Valley development interests, which have poured cash into a legal defense fund set up to thwart a libel suit brought against Cole by fellow Democrat and campaign foe Dwayne Crenshaw.

Executives from both Sudberry and Fenton kicked in sizable contributions to Cole's legal fund in the months leading up to her July 2015 vote in favor of a taxpayer-funded $2.1 million environmental impact report, sold by Republican mayor Kevin Faulconer as the way to convince the Chargers to embrace the Mission Valley site for a new football stadium and accompanying densification.

"I own two L.T. jerseys," said Cole, referring to ex-Chargers star LaDainian Tomlinson. "That's an investment and I want to wear those jerseys."

The team rejected the mayor's plan, leaving taxpayers holding the bag for the seven-figure environmental report, while Faulconer went on to endorse last year's ultimately failed Chargers ballot bid to raise hotel taxes for a stadium downtown.

Kevin Faulconer

Now, with the mayor pushing the FS proposal following a series of secret meetings with the developers, Cole, too, has begun saying good things about the deal.

"I’m very intrigued by the possibilities, particularly as it relates to thousands of jobs and economic development it will bring to San Diego,” she was quoted by the Union-Tribune as saying last month.

Adding to the intrigue, Cole has gotten an early start on her own campaign money raising, inaugurating the Re-elect Myrtle Cole for City Council 2018 committee on February 22, the same day that Stone and FS officially filed to circulate their initiative.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Discovering Sunnyboy Biscuit Company

Made available just before the pandemic, these are biscuits worth looking for
Next Article

Morgan Freeman as an extraterrestrial diplomat

You know the aliens have seen The Shawshank Redemption
Council president Myrtle Cole
Council president Myrtle Cole

The battle over city-owned Qualcomm Stadium has been joined by two old-line Mission Valley developers, virtually guaranteeing a costly political fight over the fate of a giant soccer-themed high-density commercial and housing complex on the 165-acre city-owned parcel being promoted by transplanted mega-millionaire Manhattan hedge-fund operator Mike Stone.

Mike Stone

But whether the latest entry in what is quickly becoming the city's largest-ever big-money land-grab derby is good or bad news for taxpayers and the increasingly congested river valley may be in the eyes of the beholders.

Tom Sudberry

"Public Land, Public Vote, a coalition of San Diego taxpayers, community planners, local businesses, and education, park, and environmental advocates," is the name of a campaign fund registered with the city clerk's office on Thursday (March 16), with "major funding by H.G. Fenton Company and Sudberry Properties."

The group's mission, according to the filing, is to oppose the so-called San Diego River Park and Soccer City initiative petition currently being circulated by Stone’s FS Investors, which, if it obtains sufficient signatures from the city's registered voters, would require the city council to consider a lucrative development deal for the stadium site drawn up by none other than FS itself.

The council could then either adopt the FS plan without a vote of the people or allow the proposal to go to the ballot.

Even if the council fast-tracked the plan, thereby keeping it out of the hands of voters, the FS deal could still be forced onto the ballot by another signature drive. Well-financed opposition by Fenton and Sudberry to the already controversial measure could force FS to come up with millions of dollars in campaign funds, significantly cutting into the firm's ultimate payoff.

As the stakes have grown, a key player in the ongoing stadium drama has become Fourth District city councilwoman Myrtle Cole.

Dwayne Crenshaw

The city-council president has been a longtime stalwart of Mission Valley development interests, which have poured cash into a legal defense fund set up to thwart a libel suit brought against Cole by fellow Democrat and campaign foe Dwayne Crenshaw.

Executives from both Sudberry and Fenton kicked in sizable contributions to Cole's legal fund in the months leading up to her July 2015 vote in favor of a taxpayer-funded $2.1 million environmental impact report, sold by Republican mayor Kevin Faulconer as the way to convince the Chargers to embrace the Mission Valley site for a new football stadium and accompanying densification.

"I own two L.T. jerseys," said Cole, referring to ex-Chargers star LaDainian Tomlinson. "That's an investment and I want to wear those jerseys."

The team rejected the mayor's plan, leaving taxpayers holding the bag for the seven-figure environmental report, while Faulconer went on to endorse last year's ultimately failed Chargers ballot bid to raise hotel taxes for a stadium downtown.

Kevin Faulconer

Now, with the mayor pushing the FS proposal following a series of secret meetings with the developers, Cole, too, has begun saying good things about the deal.

"I’m very intrigued by the possibilities, particularly as it relates to thousands of jobs and economic development it will bring to San Diego,” she was quoted by the Union-Tribune as saying last month.

Adding to the intrigue, Cole has gotten an early start on her own campaign money raising, inaugurating the Re-elect Myrtle Cole for City Council 2018 committee on February 22, the same day that Stone and FS officially filed to circulate their initiative.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Make a wedding-and-wine statement from Nordstrom Rack and Schutz

Report from the land of brand whores
Next Article

Surfing from Oceanside to I.B.

Girl surfers, surf camp, Skip Frye, East Coasters, surfing as obsession
Comments
1

Keep public property for the public. How much good does the NTC provide for the taxpayer these days? Keep it and rent it out a lot.

March 18, 2017

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer News — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
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
Close