San Diego Weighs $4.2B Midway Rising Deal That Trades Ground Rent for 2,000 Affordable Homes on 48.5-Acre Sports Arena Site

San Diego's Independent Budget Analyst has put a price on the city's side of the Midway Rising deal ahead of a Land Use and Housing Committee hearing on Oct. 16: up to $1.23 billion in rent and ticket fees over roughly a century, worth just $38.1 million to $68.5 million in today's dollars, in exchange for 2,000 affordable homes and a privately financed arena on 48.5 acres of public land.