Resort and convention center are centerpiece of South Bay development
The groundbreaking for a long-awaited, billion-dollar resort hotel and convention center on Chula Vista’s bayfront is finally within sight after the approval of the development’s financing plan.
“This project here, we’ve been waiting for it for literally decades,” said Chula Vista Mayor Mary Casillas Salas. “It wasn’t an easy deal. It was pretty complex and it was a rollercoaster ride.” “Nobody, I think, would have ever imagined that we would have to deal with the pandemic and a war and supply chain shortages and inflation,” she said.Under afinancial plan, the port and city were set to pay $328 million in upfront public funds, which included $265 million in bond money toward the construction of the resort and $63 million for site infrastructure.
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