A recent court ruling will allow improvements to continue at San Diego’s Belmont Park and for a lease extension on the property through 2070.
Superior Court Judge Judith Hayes ruled the city was within its rights when it extended the lease with Pacifica Enterprises-Symphony Asset Pool XVI, LLC beyond its scheduled 2038 expiration.
San Diegans for Open Government, led by attorney Cory Briggs, sued the city to end the lease, arguing it violated the city charter, the California Environmental Quality Act (CEQA), and the California Coastal Act.
The judge ruled improvements planned for Belmont Park were allowed under a 1988 City Council resolution and a 1987 ballot initiative – Proposition G – that governs how the property can be used.
“We are pleased with the judge’s finding and look forward to what it ultimately means for Belmont Park,” said Mike Whitton, managing partner of the law firm Troutman Sanders’ San Diego office, which represented Pacifica Enterprises-Symphony Asset.
“Our client’s renovations to the iconic property will bring it back to its former glory while simultaneously bringing in millions of dollars to the city to benefit local families and tourists alike.”
The law firm said the lease will bring more than $100 million in revenue to the city and includes $18 million in capital improvements, $2.5 million to refurbish the Giant Dipper roller coaster, and $5.9 million in renovations to The Plunge swimming pool and building.