Friday Business Report: What's Next For The Convention Center?
Evening Edition anchor Ebone Monet and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.
This week’s topics:
Convention Center Expansion Stalls
A citizens' initiative to expand the San Diego convention center won't meet the deadline for the November 2018 general election and the city council rejected a last-minute proposal for a city sponsored measure. The project is crucial in competing for major conventions and tourist income. San Diego is also trying to keep major events like Comic-Con.
SeaWorld Reports More Visitors
SeaWorld reported a strong second quarter for attendance and revenue at theme parks across the country. Figures were up about five percent compared to the same period in 2017. While the company does not provide specific numbers for the San Diego location, it's a welcome development for the company after battling major public relations issues over the treatment of animals.
Space Force Coming In 2020
The Trump administration plans to create a new branch of the military named the Space Force. The proposal calls for its implementation by 2020. San Diego has several companies that earn billions of dollars in defense contracts. Many of these companies could stand to make additional revenue as the military invests in aerospace technology.