Chula Vista
The developers of eastern Chula Vista’s Millenia project want to reduce the amount of non-residential space in the development, which is supposed to be a major revenue-generator for the city.
Scaling back the development’s commercial and hotel space is expected to reduce Millenia’s annual tax revenues by $4.5 million, according to a staff report from Chula Vista.
The City Council is scheduled to vote Tuesday on the proposed changes to Millenia’s development plan.
The current acre development plan includes a maximum of 3.4 million square feet of commercial space and 500 hotel rooms. Building that would generate $2.8 million in annual tax revenues by 2028 and $10 million by 2048.