Search

Donovan’s Steakhouse

Donovans

Follow SD Metro Magazine

Delicious Pinterest RSS
Advertise on SD Metro Magazine

Latest Tweets

Daily Business Report — Jan. 24, 2012

Mayor Opposes U-T San Diego Stadium Proposal

City News Service

Mayor Jerry Sanders said Monday he opposes U-T San Diego’s proposal for a new Chargers stadium and expanded convention center. In a two-page editorial in Sunday’s edition, the newspaper laid out a concept on a far grander scale than what was previously put forth by the city — to put the stadium on Port of San Diego property near the 10th Avenue Marine Terminal, make the convention center even bigger than what is planned now and add an indoor sports arena. The $1.5 billion construction cost would be funded by a combination of increased hotel room taxes, selling the Qualcomm Stadium and Valley View Casino Center properties, bond sales, naming rights and advertising, according to the newspaper. The Chargers and NFL are set to chip-in around $200 million each in either the current plan or the new proposal. The new home for the city’s NFL franchise and the expanded convention center are currently separate projects, with the stadium set to fit into a lot in the East Village. Sanders has expressed support for the stadium being part of a wider entertainment district, but not the way it was proposed Sunday. “The city is ready to move forward now on a realistic plan to create thousands of jobs, protect our convention business and increase revenues for neighborhood services,” Sanders said in a statement to City News Service. “We have to address these important priorities in a responsible way.” A financing plan on the current stadium is nearly finished, according to the mayor.  He also said that locating the facility on port property would take too long because there would be too many battles to fight. John Lynch, chief executive officer of U-T San Diego, said the newspaper’s proposal was not meant to be divisive, but there are too many concerns with the city’s plans.

Law Firm Aids Animal Rescue Organization

Baja Animal Sanctuary, a nonprofit organization in northern Baja California, has regained its tax-exempt status through the efforts of Kristina Hancock, senior counsel for the law firm of Luce, Forward, Hamilton & Scripps. Because of provisions added to the Internal Revenue Code in 2006, Baja Animal Sanctuary was one of 275,000 nonprofits in the country that received notice that their federal tax-exempt status had been revoked. Hancock and attorneys from Luce Forward devoted pro bono work to re-establish its tax-exempt status. The San Diego Foundation made it possible for the organization to receive an income stream from one of its funds while the law firm worked on the reinstatement. According to Luce Forward, Baja Animal Sanctuary, an animal rescue organization, is the only no-kill shelter of its kind in the region and has been rescuing animals from the streets of Mexico for more than a decade, providing them with food, medical care, and a safe home for the rest of their lives. Over the past decade, the Sanctuary has rescued more than 12,000 animals and it currently houses more than 400 dogs and cats who are awaiting adoption.

Plaza Del Mar Sells for $34 Million

Plaza Del Mar, a 117,000-square-foot office development in Del Mar Heights, has been purchased for $34 million by Cruzan | Monroe, a San Diego-based commercial real estate firm. The seller was Plaza Holdings Inc. and KDH U.S. Realty Holdings. Plaza Del Mar is located at 12520 and 12526 High Bluff Drive just south of Del Mar Heights Road. The project is currently 73 percent leased. In the transaction, Cruzan│Monroe was represented by Cushman & Wakefield’s Eric A. Northbrook, Christopher High, Michael Roberts and Steve Rowland.

Scripps Health Opens Emergency and Trauma Center

Scripps Health has opened the new Conrad Prebys Emergency & Trauma Center to treat patients at Scripps Mercy Hospital San Diego. The new centeris named in honor of Conrad Prebys, a San Diego developer and philanthropist who donated $10 million to support Scripps Mercy Hospital San Diego’s emergency department and trauma services in 2006. The gift remains the largest donation to the hospital in its 121-year history. It marked Prebys’ first donation to Scripps, which was followed in 2011 with a $45 million donation to build the Scripps Prebys Cardiovascular Institute on the campus of Scripps Memorial Hospital La Jolla. The center opened on Jan. 19 and features private patient rooms, a department-dedicated CT scanner adjacent to the trauma room, a telemetry system to provide continuous wireless monitoring capabilities within the emergency department and a laboratory to quickly provide test results. The next phase of the project will be the renovation and reopening of the existing emergency department. Upon completion in 2013, Scripps Mercy Hospital San Diego will have a 27,000-square-foot, 49-bed emergency and trauma center.

Faulconer to Speak at CCDC Event

Councilman Kevin Faulconer will be guest speaker at the next Downtown Sound Bites on Feb. 7 at 12:15 p.m. at the Sheila R. Hardin Downtown Information Center at Horton Plaza. Faulconer, president pro tem of the San Diego City Council, will reflect on his tenure as Downtown’s representative and his last year representing the area, which was moved to District 3 as a result of redistricting. The event is sponsored by the Centre City Development Corp. and admission is free.

Convention Center to Provide Free Wi-Fi Service

The San Diego Convention Center will provide free Wi-Fi service at its ground-level lobby areas beginning Feb. 1. The new free service provides guests attending events the ability to check email or surf the web in the lobby areas outside of the exhibit floor. Smart City Networks, which has offices and staff at the center, is providing the service.

Dawn Cauthen Elected Partner at Procopio Firm

Cauthen

Dawn Hall Cauthen has been elected a partner at Procopio, Cory, Hargreaves & Savitch. Cauthen focuses her practice on the areas of estate planning, trust administration, probate, estate tax and gift tax matters. She received her bachelor’s degree from Bethel College and her law degree from California Western School of Law. She is currently serving as chapter president of the Lawyers Club and holds leadership positions in several other community organizations.

Tana Cleaves Joins Mutual of Omaha Bank in San Diego

Cleaves

Tana L. Cleaves has been appointed vice president and manager of trust administration for Mutual of Omaha Bank in San Diego. Based out of the bank’s Torrey Hills location at 3580 Carmel Mountain Road, Cleaves will work with high net worth clients in San Diego. She has more than 25 years of experience in the field. Cleaves earned her bachelor’s degree from California State University. She also is a graduate of the Trust School at Pepperdine University.


The Daily Business Report is produced by REP Publishing Inc., publisher of SD METRO, the North Park News and the West Coast Craftsman. Contact: Manny Cruz (619) 287-1865.


Leave a Reply

Your email address will not be published. Required fields are marked *


*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Latest Issue

Click here to view this months issue interactive online version.

Click here to view the PDF version of our magazine.

Website Design in San Diego, San Diego Web Design
Advertise on SD Metro Magazine

Voice Your Opinion


We Want Your Opinions on San Diego’s Big Issues In the coming months, Probosky Research (one of California’s leading opinion research firms) will continue its partnership with SD METRO to survey San Diego residents about topics of interest to our readers. We’d like to throw open the door for suggestions for topics. What do you want to know? What do you think you know, but aren’t sure? What are you certain you know, but want to prove it beyond doubt? Ideally, we’d like to see questions that have to do with public policy.

Some areas may include Mayor Filner’s first 100 days job performance, should the city be responsible for economic growth and the creation of new jobs, how important are infrastructure improvements to our daily lives (streets and bridges, etc.), how important is water independence, how satisfied are residents with public transit or how do city residents value Balboa Park and other open spaces? Do you believe the City Council should revive the Plaza de Panama plan for Balboa Park?

You can email Probolsky Research directly with your ideas: info@probolskyresearch.com