Updated November 2018
Also, public-private partnerships (P3s) will be a significant source of funding for the campus expansion, and will be utilized for the housing, retail and campus innovation district buildings. These partnerships will allow SDSU to have access to new space without taking on additional financial risk inherent in the construction and operation of a building. Also, P3s would still generate property tax revenue because they will be shared spaces with industry.
SDSU will also utilize revenue bonds through the California State University system for the initial investment to prepare the land for development and construct the river park. This is not the same as taxpayer dollars. These bonds can only be used for revenue generating projects like this and will be paid back by revenue generated by the site itself.
Also, every dollar invested in Mission Valley will return to our public university, our students and the City through the economic return of higher education. The dividends will come in the form of a better trained workforce and greater economic development. The project will also enable the university and its partners to help people expand their livelihoods, finding solutions through research and other growth across all sectors.
We need a place to play and want to ensure Aztec Football is here for generations to come. As this stadium will likely be the only one built in San Diego for quite some time, we want to ensure it can be used for other large-scale events benefiting the entire San Diego region and its visitors.
Updated October 22nd 2018