This special section highlights the ongoing developments, expansion plans and economic impact of businesses located along San Diego's coast.
Located in Little Italy, the mixed-use property of Waterfront offers residents spectacular bay and city skyline views and a highly eclectic ambience.
Some say it's not just a boat; it's a lifestyle. The market for megayachts -- vessels over 150 feet in length -- is breaking statistical records worldwide, with demand growing by 80 percent in the last seven years. To establish San Diego's presence within the megayacht community, the San Diego Port Commission voted in June to have several megayacht moorings constructed along Harbor Drive.
NASSCO is the largest manufacturing employer in San Diego. Owned by General Dynamics (NYSE: GD), the company builds Navy and commercial ships, employing 4,600 individuals and about 1,000 subcontractors at its shipyard on San Diego Bay, a mile south of the Coronado Bridge. Work at NASSCO is a 24-hour operation, done in three shifts.
After serving eight U.S. presidents over 47 years, the USS Midway was decommissioned in 1992 in San Diego. She was then towed to the Navy's mothball fleet in Bremerton, Wash. Within months, a community groundswell of support for Midway as a San Diego museum began to develop.
The popularity of cruise vacations is growing, and the Port of San Diego's cruise ship terminal is proof. On any given day from September through May, one or two of these picturesque ships are docked at San Diego's downtown cruise terminal. On occasion, three or four ships may be in port on the same day.
Marine cargo activity at the Tenth Avenue and National City marine terminals generated roughly $1.6 billion worth of economic benefit to the region in fiscal year 2005-2006, and the San Diego Unified Port District hopes to grow this figure if the capacity is there.
Bayside at the Embarcadero capped a successful grand opening this summer by selling 45 homes worth more than $73 million, according to the builder, Bosa Development.
Plans to transform Imperial Beach's oceanfront and expand its tourism potential have been set in motion with the planned redevelopment of the Seacoast Inn, an older three-story hotel at 800 Seacoast Drive. The existing structure will be demolished to make way for a new four story, 78-room hotel on the same location.
1. An average of 150 million board feet of lumber comes through the port each year. This is enough lumber to stretch across the continental United States 10 times.
Overall economic impact of the port tidelands*
San Diego's waterfront is expected to change as much in the next 10 years as the rest of downtown has during the past decade -- and a coordinated effort is needed to make it all work.
For 25 years, in a remote corner of San Diego County's urban core, much has been happening to restore coastal wetlands in the face of global change.
Construction for the new 32-story Hilton Convention Center Hotel is about halfway complete, and rooms are set to be available starting in December 2008. The more than 1 million-square-foot site will include a public park, a pier for water taxis on an adjacent site, a parking garage, retail, restaurant and 100,00 square feet of meeting space.
The project that could help redefine San Diego's waterfront still has a few hurdles to clear before it can begin to take shape.
With uncertainty clouding the proposed Gaylord resort development, the city of Chula Vista and the Port of San Diego are still gazing out to the larger landscape: the redevelopment of former industrial yards and turning a weary marina into a vibrant urban bay front.
Sparkling water, a fancy cocktail, a gleaming white boat -- Economics 101 may not be on the minds of yachters as they bask in the sun on the way to a Baja resort.