The Port of San Diego and the City of Chula Vista have authorized key agreements that significantly advance the resort hotel and convention center project for the Chula Vista Bayfront. The 535-acre bayfront project is one of the largest waterfront developments on the West Coast. This collaborative development effort will create a world-class destination that reflects strong planning and design principles, economic feasibility and community benefits.
During a special joint meeting on Tuesday, April 24, 2018, the Board of Port Commissioners and the Chula Vista City Council unanimously approved a Disposition and Development Agreement (DDA) between the Port, the City and RIDA Chula Vista, LLC. The DDA sets forth the necessary steps for the parties to authorize the financing of the project and commence construction, ultimately leading to a ground lease and required subleases for development and operations of a world-class hotel and convention center. Additionally, the Board and City Council approved a revenue sharing agreement between the two agencies.
“This is a pivotal moment. The Chula Vista Bayfront Master Plan is becoming reality. The investments being made by the Port, the City and RIDA will have far-reaching benefits for the City of Chula Vista, coastal visitors and the entire San Diego region,” said Chairman Rafael Castellanos, Board of Port Commissioners.
“This is an historic day for Chula Vista and the entire South Bay,” said Chula Vista Mayor Mary Casillas Salas. “Our dream for the bayfront – 30 years in the making – is coming true. This is the product of the hard work and dedication of previous mayors, councils, staff and our community whose contributions got us to this special day.”