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Downtown Redevelopment Really Does Work...

Redevelopment projects in downtown resulted in $44 million more than was spent on city services in 2010, says a recent financial analysis from Keyser Marston Associates. The study, paid for by Centre City Development Corporation, also found that redevelopment in downtown will bring around $1.2 billion during the next forty years.

CCDC officials and downtown’s council representative Kevin Faulconer wasted no time before celebrating the news.

“As the city council representative for downtown, I’m glad we now have data substantiating the fact that the public investments made in downtown are paying important dividends throughout our city and supporting all San Diego communities,” said councilmember Kevin Faulconer.

“Downtown is an important economic driver for our city and is truly everyone’s neighborhood,” stated councilmember Kevin Faulconer.

Redevelopment projects in downtown have come under fire recently, with councilmembers such as David Alvarez becoming critical of the amount of redevelopment assessments diverted to downtown and not other project areas.

But CCDC’s board members disagree.

“This study proves what we’ve known all along,” said CCDC chair Kim Kilkenny/ “Downtown redevelopment benefits all of San Diego by bringing in more revenue that can be used for streets, parks and public safety citywide.”

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Redevelopment projects in downtown resulted in $44 million more than was spent on city services in 2010, says a recent financial analysis from Keyser Marston Associates. The study, paid for by Centre City Development Corporation, also found that redevelopment in downtown will bring around $1.2 billion during the next forty years.

CCDC officials and downtown’s council representative Kevin Faulconer wasted no time before celebrating the news.

“As the city council representative for downtown, I’m glad we now have data substantiating the fact that the public investments made in downtown are paying important dividends throughout our city and supporting all San Diego communities,” said councilmember Kevin Faulconer.

“Downtown is an important economic driver for our city and is truly everyone’s neighborhood,” stated councilmember Kevin Faulconer.

Redevelopment projects in downtown have come under fire recently, with councilmembers such as David Alvarez becoming critical of the amount of redevelopment assessments diverted to downtown and not other project areas.

But CCDC’s board members disagree.

“This study proves what we’ve known all along,” said CCDC chair Kim Kilkenny/ “Downtown redevelopment benefits all of San Diego by bringing in more revenue that can be used for streets, parks and public safety citywide.”

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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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