$10 Million Restoration Plan for Balboa Theatre Approved!

posted by Patrick Crowley on December 3, 2002 at 9:43 am

SAN DIEGO, CA — According to this article in the San Diego Union Tribune, the San Diego City Council has approved a $10 million restoration plan for the city’s long-vacant Balboa Theatre.

The winning plan from Centre City Development Corp., which was approved by unanimous vote, beat out a competing plan from the Theater Now company, which had proposed to buy the Balboa from the San Diego for $1 and renovate the theater using private funds.

As a result of this approval, the Centre City Development Corp. (which serves as San Diego’s downtown redevelopment arm) plans to present a detailed business plan to the City Council, with hopes of beginning construction in 2004.

Read the full article

(Thanks to our friend Gregg Anderson at the American Diner Museum for both of today’s stories.)

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