San Diego Padres: PETCO Park as a Catalyst for Urban Redevelopment Harvard Case Solution & Analysis

In 1994, John Moore purchased the San Diego Padres baseball team. The team shared Qualcomm Stadium in San Diego Chargers football team, which was the main tenant and got a much higher proportion of income than the stadium Padres. As a result, the ability to Padres »in support of payroll needed to field a competitive team was severely limited. It was decided to build a new stadium for the Padres in the blighted area of ​​the city of San Diego. Reconstruction blighted region was included in the construction stadium, the owner Padres have the responsibility of being the master developer, and for increasing tax revenue from redevelopment. Typically, the owners of sports teams tried their new public funding of stadiums, promoting this in the hope that the new stadium will encourage the development of others, the expectation that is often not met. San Diego Padres Stadium, Park Petco, was the first integrated sports construction / renovation project that was never tried. After all, the City of San Diego has paid $ 301 million of the $ 474 million cost of the football field. By 2007 (three years after the stadium opened), reconstruction projects worth about $ 4.25 billion had been completed, were or were planned. Of which $ 4 billion privately financed. Previously blighted area was well on its way to a dramatic renovation. While the project has been very successful for the Padres, San Diego, and the taxpayers of the city, were, however, many obstacles that had to be overcome, including the 16-month halt construction. Case, the description of the project, the role of Padres, San Diego, and other players. "Hide
by George Foster, Antonio Davila, David W. Hoyt Source: Stanford Graduate School of Business 38 pages. Publication Date: February 19, 2008. Prod. #: SPM37-PDF-ENG

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San Diego Padres: PETCO Park as a Catalyst for Urban Redevelopment

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