California– San Diego State University (SDSU) is closer to getting a new stadium. The university revealed its $3 billion, 15-year SDSU Mission Valley initiative. The initiative includes the Mission Valley area-stadium site. To avoid raising student fees or state money to finance the new stadium, the city is turning to a public-private partnership (P3).
SDSU’s plans include a 35,000-seat college football stadium that could be expanded to accommodate professional sports, 4,500 residential units for the university, retail, office buildings, two hotels and 90 acres of parks and plazas. SDSU does not own the property yet and is facing competition from a private company. San Diego voters will decide between the two proposals in November.