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The Port of San Diego's Board of Commissioners Tuesday agreed with the U.S. Navy to end a lengthy lease early on a Downtown San Diego waterfront property,...
The United States Navy will give up its 3.4-acre property at 1220 Pacific Highway, voluntary ending its 100-year lease of real estate opposite San Diego's cruise ship terminal decades ahead of schedule.
The Navy signed a 100-year lease at 1220 Pacific Highway with the city of San Diego on Aug. 9, 1949.
The 3.4-acre site of four parcels opposite the B Street Pier consists of parking lots and office buildings. It is surrounded by high-end hotels and the port-owned Lane Field Park.
The Port of San Diego and the United States Navy have agreed to terms that will see the federal government vacate a 3.4-acre, waterfront site at 1220 Pacific Highway in exchange for $5.75 million in products and services.