Home to the San Diego Padres since April 2004, Petco Park has as its mission to be more than a ballpark—to serve as a large-scale city planning project. For the first time in professional sports, a franchise was required to invest hundreds of millions in at-risk capital for the development of the neighborhood surrounding its publicly owned facility.
Near the Gaslamp Quarter of downtown San Diego, the Ballpark District occupies land that had been mostly vacant when the Padres project received approval in 1998. The city, which owns 70 percent of the park, stipulated the Padres and their private partners invest a minimum of $311 million in retail, residential, and commercial projects within 26 blocks of the stadium.
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