As I join SDSU, my priority is to continue the good stewardship of the investments that have been made in the future of San Diego State University.
The sun has been shining brightly over SDSU for 121 years. That’s a reason to celebrate, and also to look at the future.
The Mission Valley campus is our next frontier.
As you may know, SDSU has long desired to purchase the former Qualcomm Stadium site, as it is the only logical location for the university’s planned and necessary growth. Purchasing that land would allow the university to expand its educational, research and entrepreneurial programs for the benefit of the campus community and the entire region.
I want to echo the pledge I made when I was welcomed to campus in February: My support and commitment to seize the opportunity for a Mission Valley campus is unwavering.
SDSU is already recognized as an innovator in promoting entrepreneurship on campus and collaborating with private industry and government partners to prepare students for jobs in the real world. The Mission Valley campus expansion would build on those strengths.
Should SDSU have the opportunity to purchase the stadium site at fair market value, we would immediately begin the transparent California Environmental Quality Act (CEQA) process, which involves extensive public input and a review of the project’s environmental impacts.
I want to encourage you to read about our vision for SDSU Mission Valley and the thoughtful process guiding our strategy moving forward. This is a time to build collaborative partnerships that will yield unprecedented impact for the next 121 years and beyond. My hope is that you will become informed about our plan and vision.
Here are the highlights of our site plan:
The SDSU plan would renew the region’s splendor by restoring the river’s natural flow and creating 75 acres of planned park space, including a river park, bike and walking trails, and ball fields.
$5.67 Billion Economic Impact
SDSU currently generates $5.67 billion in annual economic activity in the San Diego region. A campus extension in the Mission Valley would increase that figure.
SDSU Mission Valley envisions 1.6 million square feet of academic and research/innovation space for collaboration between private companies and SDSU researchers.
No Taxpayer / No Tuition Dollars
SDSU would purchase and develop the Mission Valley site without relying on taxpayer dollars or student tuition.
Retail and Housing Space
The SDSU plan includes 95,000 square feet of retail space to serve the campus and community; 4,600 residential units for students, faculty, staff, and the region’s workforce; and a 250-room conference center hotel.
SDSU would build a 35,000-seat multiuse stadium on the site to accommodate collegiate athletics, professional soccer, and a variety of other sporting, community, and entertainment events.
Financing Mission Valley
$3 billion (in 2018 dollars) is the cost to fully develop the site with a multiuse stadium, river park, academic and research space, a hotel, retail space, and housing. No student tuition or state appropriation funds would be used in financing. The plan outlines:
- $300 million—SDSU’s initial investment.
- Financing through California State University (CSU) bond issues, to be repaid with revenue generated from private development partners.
SDSU’s Solid Track Record
In the last five years, SDSU has completed more than $500 million in capital projects, including South Campus Plaza and a mixed-use development. Additionally, SDSU generates 5.67 billion annually in economic activity in the San Diego region, resulting in tax revenue streams for state and local government of approximately $457 million annually.
You can find up-to-date information on this initiative at the SDSU Mission Valley website.