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City, SeaWorld could face battle over rent increase: if negotiations fail, arbitration is next.

Publication: San Diego Business Journal
Publication Date: 29-SEP-03 		Format: Online
Delivery: Immediate Online Access
Full Article Title: City, SeaWorld could face battle over rent increase: if negotiations fail, arbitration is next.(Tourism)

Article Excerpt
Like many renters in San Diego, SeaWorld could be shelling out more money in the near future.

Under terms of the theme park's lease for 173 acres of city-owned land in Mission Bay Park, the San Diego City Council has reviewed a rental adjustment for the upcoming year.

William Griffith, the city's real estate assets director, declined to say how much rent the city is proposing that the theme park pay, since the council met behind closed doors Sept. 23 to discuss the matter.

"I have to sit down with SeaWorld before I comment on the city's position," Griffith said. "It wouldn't be appropriate for me to share that beforehand."

Councilwoman Donna Frye, whose 6th District includes the park, said a rent increase is in order, but wouldn't specify an amount.

"The report that is public provides sufficient information in my opinion to support a rent increase," Frye said. "When you get added value, which they did by being the only tenant who...

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