Most of the changes were originally put forward in four separate city audits dating back more than a dozen years.
In an effort to avoid lopsided real estate deals like the one for 101 Ash St. that has cost taxpayers hundreds of millions for a building that still cannot be safely occupied, the City Council on Monday revised the way San Diego will approve future property leases and acquisitions.they hope will protect the city from buying or leasing real estate at inflated costs, or renting out public property to businesses or nonprofits for less than it could.
The city also failed to secure an independent appraisal in 2017, when it spent $7 million to buy a failed indoor skydiving facility in East Village. Councilmember Marni von Wilpert noted that no such report was prepared ahead of the Ash Street lease-to-own deal, and she made a motion to add that requirement to the changes proposed for approval Monday.
“It’s important we not just continue to support these partnerships but ensure that they flourish,” Justine Murray ofBut city officials declined to revise the proposed change, saying that lease amendments would be considered on a case-by-case basis.
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