Billionaire Stan Kroenke has reportedly joined the Midway Rising group as the lead investor in the project to redevelop San Diego's Midway District and the Sports Arena area.
SAN DIEGO – Billionaire Stan Kroenke, the owner of the Los Angeles Rams, Colorado Avalanche, and Denver Nuggets, has reportedly joined the Midway Rising group as the lead investor in the project to redevelop San Diego's Midway District and the Sports Arena area.
Jennifer Van Grove of the San Diego Union-Tribune first reported Kroenke would join the group and become Midway Rising's majority investor and limited partner. City News Service reported Midway Rising’s initial plans include 4,250 new homes -- 2,000 affordable, 250 middle-income, and 2,000 market rate; a 450,000-square-foot arena with capacity for 14,500-16,500 people; a 200-room hotel and 250,000 square feet of retail and more than 11 acres of park and open space along with a 9.4-acre public plaza.
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