Hall of Fame partners and PFM present revised ISHA redevelopment plan; commissioners press for lower city risk

Susan Grant of the city manager’s office introduced presentations by Hall of Fame partners and PFM on a revised, phased plan for the International Swimming Hall of Fame (ISHA) peninsula redevelopment.

Mario Caprini and Hall of Fame partners said phase 1 (seawall and ocean rescue building) closed in October 2024 and that the project’s new design adds an aquarium, raised promenade, shade structures and revised leasable space. Their updated summary showed total project costs of about $218 million across phases, with revised allocations that increase tenant‑improvement (TI) funding and raise the city’s proposed preferred revenue cap from $2 million to $4.75 million before profit splitting with the Hall of Fame partner.

Construction partner Hensel Phelps and others described the seawall and ocean rescue building underway and said phase 2 vertical work is progressing; the seawall and ocean rescue building completion is targeted for June (year noted in slides). The team emphasized community coordination (aquatic staff, Venetian residents, Central Beach Alliance) and enumerated proposed program…