A new analysis by the San Diego Regional Economic Development Corporation (EDC) quantifies the projected economic and fiscal impacts of the Midway Rising development, which would revitalize nearly 50 acres of city-owned land in San Diego’s Midway/Sports Arena neighborhood.
The total cost to build the Midway Rising project over 14 years is an estimated $3.9 billion. According to the EDC, Midway Rising will generate $285 million in annual economic impact, with $178 million of that being new spending across the county.
“To contextualize it, that’s a little bit more than what Comic-Con brings to our regional economy each year, so it’s like having another Comic-Con in San Diego each and every year,” said Eduardo Velasquez, senior director of research and economic development with the EDC…