Midway Arena

Midway Arena is a proposed indoor arena to be constructed in San Diego, California. The development proposal includes the 16,000-seat arena, housing units, a multi-acre urban park, and a mixed-use entertainment, arts, and cultural district.

History

In 2020, the City of San Diego proposed redeveloping the Midway area sports arena site, a 48.5 acre parcel. Four developers submitted bids and two were chosen to continue the process, with the winning bid belonging to Brookfield Properties. Plans were halted 10 months later when a state agency claimed the city was not in a position to dispose of the land and had not complied to state regulations.

San Diego restarted the application process in 2021 in accordance with state regulations. Seven applications were received, with five chosen to continue the application process, then further narrowed down to three.
In 2022, the city chose the development team Midway Rising to redevelop the site. Midway Rising has a two-year window with San Diego to come to terms with the city; however, the mayor has the ability extend the agreement for two one-year terms. Both parties can also walk away from the deal at any time.

On June 12, 2023, businessman Stan Kroenke, owner of multiple teams of the major professional sports leagues, joined Midway Rising as its majority investor.

References

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External links

Official website

Proposed indoor arenas in the United States