Coronado Ferry Landing Redevelopment
- Challenge
- Negotiate a long-term ground lease providing adequate public agency timeline, construction, and guarantees, including minimum investments before lease expiration.
- Approach
- Resolved maintenance issues while negotiating new terms
- Identified schedule efficiencies while minimizing cost impacts
- Communicated regularly with agency staff and ownership
- Result
- In six months, restructured negotiations reversed an initial denial into an option to invest $21.9 million to redevelop a 35-year ground lease while preserving development project economics.