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Council unanimously approves long‑term lease amendment with Zoological Society extending San Diego Zoo lease to 2078
Summary
Council approved a second amendment to the lease with the Zoological Society, extending the Balboa Park lease through July 23, 2078 (52‑year extension), adding a $3 million minimum annual payment (3% escalator starting 2030), a revenue‑split of paid parking, prevailing wage and ZIMBOP provisions; vote passed 8–0.
The City Council voted unanimously on March 9 to approve a second amendment to the lease between the City of San Diego and the Zoological Society of San Diego that extends the zoo's term in Balboa Park by 52 years to July 23, 2078 and adds financial and policy conditions.
City staff (Casey Smith) told the council the amendment creates an annual minimum payment to the city of $3 million with a 3% annual escalator beginning in 2030, and a 50/50 revenue split of paid parking receipts (after certain operating expense deductions capped at $700,000). "The amendment extends the lease by 52 years from the current date to…
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