The location, along C Street and the trolley line, is beset with challenges, including clusters of nearby homeless encampments. The East Village site is also just west of the city’s central business district, which has been hollowed out by a pandemic-fueled shift in office dynamics. The addition of the new condo tower and a lively public park are viewed as essential to making the area more attractive to downtown residents and visitors.
“By investing in improving the C Street corridor, this project will provide people with additional reasons to live, work and visit an area where it is easy to get around by walking, bicycling and transit,” Schoenfisch said. “It is important that these areas have quality public spaces where people feel safe and welcomed. It is important that we continue to create public spaces such as this as an invitation for people to come back to downtown.”
The city is open to ideas on how best to turn the little park into a big attraction.
In the recently launched survey, community members are asked to rank different potential park activities according to their preference, with options including play equipment, sports courts, a dog park, a running/walking track and game tables. The survey also queries respondents on how they feel about a symphony or music-related theme, given the park’s proximity to the San Diego Symphony.
The park’s name will also likely be changed at some point in the process, Schoenfisch said.
The city’s survey will be available through July 20 and the outreach effort will wrap up in August. Bosa consultant Schmidt Design Group will then come up with the park’s design, and a general development plan is expected to go before San Diego’s Parks and Recreation Board in the fall. At a minimum, the design must incorporate what’s known as a greenway along Eighth Avenue, as the street is part of a planned network of pedestrian promenades meant to connect people to larger parks, the water and adjacent neighborhoods.
San Diego is funding the nearly $23 million park endeavor using a combination of cash and credits.
The city is using $9 million in cash from downtown’s developer impact fee fund to reimburse the developer for park design and construction costs. Development impact fees, or DIF, are a one-time charge, collected by the city at a project’s completion, that act as a fair-share contribution toward the public facilities — streets, fire stations, libraries and parks — needed in a community.
Part of the reason for the two-year delay between the contract approvals and the current design effort is because the city needed to accumulate enough money from development impact fees to fund the reimbursement agreement.
The city is separately paying for the land in a novel way. Instead of paying cash, Bosa will be compensated with $13.8 million in developer impact fee credits. That means the residential builder will not have to pay impact fees for current or future downtown projects until it has used up the balance. The purchase price corresponds to a November 2020 appraisal by Jones, Roach & Caringella that pegs the land’s market value at $600 per square foot.
“This is unique in that this park is going to be the first park the city will acquire without having to pay any cash. We’re basically trading credits for that,” Schoenfisch. “It’s a win-win for us and for Bosa and for the community, and it’s not going to cost the taxpayers anything.”
The unconventional financing method was made possible by a DIF credit ordinance approved by council members at the same time they signed off on the other contracts.
Once the project and transaction are completed, the new public park will be owned and managed by the city.
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