Convention Center needs $31M in maintenance, report says
SAN DIEGO — The San Diego Convention Center, designed to be a major economic engine for the city, has been operating without financial reserves for the past two years and has run up a $31.1 million backlog of capital maintenance and equipment needs, according to a new report.
The report by the city’s Independent Budget Analyst — to be delivered to the City Council tomorrow — says the administration of ex-Mayor Jerry Sanders ordered convention center staff to exhaust the reserve account to prepare for a planned expansion of the facility.
The San Diego Convention Center Corp. historically maintained a healthy reserve, which reached a high of $8 million in 2008, according to the IBA.
The account was spent on acquiring rights to purchase land for the expansion, a feasibility analysis on the project, entitlement and design consultants and other preliminary activities, the report says.
Expansion supporters say the city…
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