Coronado Ferry Landing Secures Its Future With a New Lease Agreement

The iconic Coronado Ferry Landing is poised for a major transformation following a recent decision by the San Diego Board of Port Commissioners. After months of public debate and closed door negotiations, the board approved an option to lease agreement with Port Coronado Associates. This pivotal decision effectively ends a period of uncertainty that began last fall when the Port initially announced it would not renew the operator's lease. The new agreement paves the way for a thirty five year lease extension, provided the operator meets a series of strict preconditions over the next twelve months.

This resolution is a significant victory for both the local community and the businesses that call the Ferry Landing home. The waterfront retail center, which opened in nineteen eighty seven, has long been a cherished destination offering spectacular views of the San Diego skyline. Under the terms of the new deal, Port Coronado Associates will embark on a comprehensive twenty one point nine million dollar renovation project. This ambitious redevelopment will modernize the facility, upgrading common areas, plazas, and parking infrastructure, while also addressing necessary structural improvements to the ferry pier itself.

The agreement places the operator on what some have called a short leash, emphasizing accountability and timely execution. To secure the long term lease, Port Coronado Associates must hit several milestones by June of next year, including securing project financing, obtaining necessary permits, and beginning early demolition work. Furthermore, the new lease structure ties rent to a percentage of the center's sales and mandates regular independent condition assessments to ensure the property is maintained to a high standard. If the renovation is not completed by the summer of twenty twenty nine, the operator will face substantial financial penalties.

For residents and visitors alike, this means the Coronado Ferry Landing will not only remain open but will soon offer an enhanced, modernized experience. The planned upgrades are designed to preserve the existing charm of the waterfront while delivering long needed improvements. As the project moves forward, the community can look forward to a revitalized destination that continues to serve as a vibrant hub for dining, shopping, and enjoying the beauty of San Diego Bay.

Read the full article here: https://www.sandiegouniontribune.com/2026/06/24/after-painful-process-coronado-ferry-landing-operator-gets-short-leash-to-renovate-waterfront-landmark/