History Making Deal Reached on Chula Vista Bayfront Project

History Making Deal Reached on Bayfront Project
From Chula Vista's Community Connection May 2018

The Port of San Diego and the City of Chula Vista have authorized key agreements that significantly advance the Chula Vista Bayfront resort hotel and convention center project. The 535-acre Bayfront project is one of the largest waterfront developments on the West Coast. This collaborative development effort will create a world-class destination that reflects strong planning and design principles, economic feasibility and community benefits.

During a special joint meeting on Tuesday, April 24, 2018, the Board of Port Commissioners and the Chula Vista City Council unanimously approved a Disposition and Development Agreement (DDA) between the Port, the City and RIDA Chula Vista, LLC. The DDA sets forth the necessary steps for the parties to authorize the financing of the project and commence construction, ultimately leading to a ground lease and required subleases for development and operations of a world-class hotel and convention center. Additionally, the Board and City Council approved a revenue sharing agreement between the two agencies.

The Chula Vista Bayfront resort hotel and convention center will be constructed west of Marina Parkway between H and G Streets. It will be operated by Gaylord Hotels, the large convention hotel brand of Marriott International. It will include approximately 1,600 hotel rooms, 275,000 usable square feet of convention and meeting space and associated retail and resort-level amenities such as restaurant/bar/lounge facilities, recreational facilities, a spa, a pool with a lazy river, bike and boat rentals and more.

"The Chula Vista Bayfront project has tremendous momentum this year with our approval of agreements for the future RIDA resort hotel and convention center, as well as the approval of our first development project, the Costa Vista RV Resort," said Port of San Diego Commissioner Ann Moore, the Board's Chula Vista representative. "The Port's longstanding partnership with the City of Chula Vista is leading to the creation of a vibrant waterfront that people can access and enjoy with these two important development projects."

Public infrastructure improvements will begin first and could get underway as soon as 2019, which includes preliminary site preparation, building access roads and new public streets (portions of E, G and H Streets), providing utility services and building the new Harbor Park. Construction on the hotel and convention center is planned to start late 2019/early 2020.