Editor: The following is by C0uncilman Ed Harris, who further explains his position on the recent rejection by the San Diego City Council of a proposed lease for the operators of Belmont Park. See our earlier post about Harris’ position.
Guest column by Councilmember Ed Harris
Recently, the City Council was asked to grant an extension to the lease at Belmont Park in Mission Beach. Pacifica, a local developer and current leaseholder of the park’s commercial buildings, wanted the Council to approve a deal that would extend its current lease to 55 years. Pacifica has held the lease for two years.
After reviewing the proposed lease, I asked the Independent Budget Analyst (IBA) to determine whether it was consistent with best practices of other cities, and whether a longer-term lease would be in the City’s long-term economic interests.