San Diego Recommends Midway Rising Redevelopment Agreement
City of San DiegoCity · San Diego, CA- Disclosed value
- $896,300,000 combined estimated ground lease rent to the City; approximately $4,223,000,000 total estimated project construction cost
- From staffreport
- Document date
- Oct 16, 2026
The 30-second brief
San Diego staff recommended approval of a Disposition and Development Agreement with Midway Rising LLC for the phased redevelopment of the 48.5-acre Sports Arena site. The project is expected to cost approximately $4.223 billion and generate an estimated $896.3 million in ground-lease rent for the City over the lease terms.
Midway Rising LLC holds this construction contract with City of San Diego.
Term as filed: Multi-phased redevelopment agreement through full buildout; associated ground leases may run up to 85 years.
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Contract details
- Contract type
- Construction
- Amount
- $896,300,000 combined estimated ground lease rent to the City; approximately $4,223,000,000 total estimated project construction cost
- Document date
- October 16, 2026
- Term
- Multi-phased redevelopment agreement through full buildout; associated ground leases may run up to 85 years
- Vendor
- Midway Rising LLC
- Agency
- City of San Diego
- Source document
- The City of San Diego Staff Report Request approval of the Disposition and Development Agreement between the City of San Diego and Midway Rising LLC 2026-10-16 (StaffReport)
Midway Rising LLC's other public contracts
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Questions about this contract
Who was awarded the construction contract by City of San Diego?
Midway Rising LLC was awarded this construction contract by City of San Diego, as recorded on October 16, 2026. The contract value is $896,300,000 combined estimated ground lease rent to the City; approximately $4,223,000,000 total estimated project construction cost.
How much is the Midway Rising LLC contract with City of San Diego worth?
The Midway Rising LLC contract with City of San Diego is valued at $896,300,000 combined estimated ground lease rent to the City; approximately $4,223,000,000 total estimated project construction cost, covering construction work.
What type of contract is this?
This is a Construction contract, documented as a staffreport record.
Where was this contract approved?
This contract appears in The City of San Diego Staff Report Request approval of the Disposition and Development Agreement between the City of San Diego and Midway Rising LLC 2026-10-16 (StaffReport), dated October 16, 2026 from City of San Diego. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Midway Rising LLC hold?
Midway Rising LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of San Diego currently buying?
Explore City of San Diego's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.