San Diego City Council has approved a redevelopment of Brown Field Municipal Airport in Otay Mesa, involving more than $900 million in planned improvements over the next 20 years.
Metropolitan Airpark, a four-phase commercial development, will cover about 331 acres of the city-owned, 880-acre facility near the U.S.-Mexico border.
The first phase calls for a 116,875-square-foot fixed-base operator facility for private aircraft, 10 large-aircraft hangars, 45 small-plane hangars and solar-powered storage and support facilities, with a restaurant and other commercial elements.
Proponents say the project is aimed at creating a more vibrant business climate in the cross-border region.
City officials have projected the development would generate $11 million in gross revenue in the first five years and $619 million over 20 years.
The city has been in talks on the project for several years with Brown Field International Business Park LLC, which includes Carlsbad-based Distinctive Projects Co., led by Richard Lee Sax.
The Business Journal is the premier business publication in San Diego. Every day online and each Monday in print, the Business Journal reports on how local business operate and why businesses leaders make the decisions they do. Every story is a dose of insight into how to run a better, more efficient, more profitable business.