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Sale of Tailgate Park to Padres held up by lawsuit, closing deadline extended

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San Diego approves land sale to Padres' group

San Diego’s sale of the four-block, East Village parking lot known as Tailgate Park to a development team led by the Padres “will not close this year as planned,” according to Jennifer Van Grove of the SAN DIEGO UNION-TRIBUNE. Instead, the deal will “remain in limbo until the parties can resolve a lawsuit challenging the legality of the transaction.” City Council members on Tuesday voted unanimously to “amend the sale contract and extend the original escrow closing date” beyond a Dec. 23, 2022 deadline. In April, city leaders “OK’d the sale” of Tailgate Park for $35.1M to the Padres development team. A city-owned asset since the formation of downtown’s ballpark district, Tailgate Park is leased to the Padres through the end of 2043 for “use as a parking lot and special event space.” The buyers have agreed to build a $1.5B "project called East Village Quarter,” which will include "1,800 residential units, 50,000 square feet of retail and office space, a 1.3-acre public park and a 1,200-space parking garage” (SAN DIEGO UNION-TRIBUNE, 10/19).



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