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The effort to engineer a world-renowned destination on Chula Vista’s coast is on firmer financial footing with the recent approval of contracts that lay the foundation for construction of a billion-dollar resort hotel and convention center.
Thursday, Port of San Diego commissioners voted unanimously in support of multiple financing agreements that spell out how the agency and its partner, the city of Chula Vista, will not only foot their portion of the bill $328 million in upfront public funds but share in future proceeds. Taken together, the actions memorialize a complex financial arrangement that will help bring to life the key components of what’s known as the Chula Vista Bayfront Master Plan.