A proposed major entertainment complex at the Oceanfront would cost about $328.5 million dollars with the city contributing around $95 million, Deputy City Manager Ron Williams explained Wednesday. The city and Venture Realty Group have reached a deal to build a Surf Park, Live Concert Hall, Retail Shops, and Restaurants at the old Dome Site around 18th to 20th Streets.
While this is a big step forward, city leaders stress that city council members will still have to vote before anything officially moves ahead. Williams says the city has talked for years about what to do at the site. The old Dome Site concert venue was demolished in 1994. Since then, the area has mostly become just parking lots above Pacific Avenue. The city had been negotiating with Venture Realty, who has involvement from musician Pharrell Williams.
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