SDSU presents offer to purchase SDCCU stadium site

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SAN DIEGO (CNS) - San Diego State University presented an offer of $68.2 million to the San Diego City Council on Monday to purchase the SDCCU Stadium site in Mission Valley, part of SDSU's planned redevelopment of the property. SDSU and the city's negotiating team, composed of officials in various city departments and the City Attorney's Office, have haggled in recent months over the university's pledge to offer "fair market value'' for the property and what that entails. An appraisal from the city's Real Estate Assets Department found that the September 2017 value of the site is roughly $68.2 million. An analysis of that appraisal by the city's independent budget analyst found that the value of the site is $72.7 million when taking into account appropriate indexing for 2020, when t
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