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Council approves property‑tax exchange to bring Nakano site into San Diego for housing project
Summary
The council approved a property‑tax exchange agreement with Chula Vista for the Nakano annexation, which would detach roughly 24 acres for development of up to 221 dwelling units (including 21 affordable units); projected annual property tax revenue to San Diego is about $283,000–$287,000.
The City Council voted to approve a property‑tax exchange with the City of Chula Vista related to the proposed Nakano annexation and housing project.
Development Services staff said the site (approximately 24 acres) would be detached from Chula Vista and annexed into San Diego to enable permitting here for up to 221 dwelling units, including up to 21 affordable units. A fiscal analysis prepared for the transaction estimates San Diego’s annual property tax revenue from the project at roughly $283,000–$287,000 once developed.
If LAFCO approves the annexation and tax exchange, the project will pull permits in San Diego and property tax receipts will flow to the city. Councilmember Moreno moved the staff recommendation and the council approved the exchange.
