Daily Business Report: October 14, 2026
Here’s the proposed Midway Rising deal, one of San Diego’s largest redevelopment projects ever
By Dorian Hargrove and Andrew Keatts | Times of San Diego
The plan to redevelop the Pechanga Arena area with a new state-of-the-art venue, thousands of homes, hundreds of millions of dollars in infrastructure and park improvements on city-owned land will go before a City Council committee Friday.
Negotiators with the city and Midway Rising — a development team led by billionaire megadeveloper Stan Kroenke — arranged a deal based on one fundamental trade-off: rather than seeking immediate revenue to aid a cash-strapped city, they embraced massive up-front investments by the developer for priorities like housing, infrastructure and a new arena.
The up-front investments by the developer include a $526.4 million, 16,000-seat arena, and $460.3 million in infrastructure in and surrounding the project, including 14.5 acres of park space.
On Short-Term Rentals, San Diego Needed Leadership, Not Easy Answers
by Jennifer Campbell | Voice of San Diego
Councilmember Jennifer Campbell represents San Diego Council District 2.
Few issues in San Diego have been as complex, or as politically charged, as short-term rentals.
For nearly a decade, San Diego has grappled with balancing neighborhood protections, housing, property rights, tourism, and public access to our coastline. There were no easy answers, and I learned there never would be.
by Northwestern Medill
The number of local news desert counties in the U.S. shot up by 26 in the last year, the largest one-year rise in at least five years, according to the Medill State of Local News Report 2026.
There are now 238 news deserts in the U.S., as the pace of newspaper closures hit an average of about three per week. Exacerbating the challenge is a precipitous 50% drop in digital traffic to local newspapers’ websites, coinciding with growing consumer use of AI platforms, the study shows.
Despite that, the report tracked the creation of 75 digital-only and print local news startups in the last year, a rise in national local news networks and a small but emerging cohort of content creators producing original local journalism.
