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$10 Million Restoration Plan for Balboa Theatre Approved!
posted by
Patrick Crowley
on
December 3, 2002 at 8:43 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.
(Thanks to our friend Gregg Anderson at the American Diner Museum for both of today’s stories.)