Home Real Estate San Diego’s Other Bad Real Estate Deal Is Even Worse Than We...

San Diego’s Other Bad Real Estate Deal Is Even Worse Than We Thought

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8050 Othello Ave. is the site of the warehouse the city leased to service fire trucks. / Photo by Megan Wood

It’s hard to stand out as a bad real estate deal in the city of San Diego, but one that has mostly avoided scrutiny while others grew into criminal investigations keeps getting worse.

The city is now gearing up to spend $15 million to salvage a facility it leased four years ago, a warehouse where city crews could service fire trucks. It still has yet to do that at the site. The city now acknowledges it never explored options besides leasing space for a maintenance facility. The work to make the property useful to the city will be done nearly halfway through the city’s lease and doing the work could eventually increase the city’s monthly rental payments. At least one member of the City Council wants the city to move on and write off its losses without spending more.

Background: In 2017, Mayor Kevin Faulconer signed a lease for the…

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