What: Potential long-term ground lease of the city-owned Sports Arena Boulevard properties (3220, 3240, 3250 and 3500) to Midway Rising LLC for redevelopment. Council met in closed session with its real property negotiator on price and payment terms.
Where it stands: Closed session held September 2026 (no reportable action in the recording); heavy public comment in opposition, covering lease rent terms, affordable housing financing, flooding and sea level rise, traffic, and construction liability.
2026-09-23 - City Council (2) - Special closed session item on negotiating price and payment terms for the ground lease; public comment on the item, mostly opposed.