from this morning's San Diego Business Journal (9/15):
‘If We Build It, They Will Come’
By MICHELLE MOWAD - 9/15/2008
San Diego Business Journal Staff
"A cross-border terminal in South County has been a slow moving effort for more than a decade, but recently investors took a big step forward in ferrying air travelers from the U.S. into Tijuana’s Gen. Abelardo L. Rodriguez Airport.
A group of Mexican and American investors, largely backed by billionaire real estate mogul and newspaper publisher Sam Zell, purchased 52 acres of undeveloped industrial land at Siempre Viva Road and Britannia Boulevard in Otay Mesa for $34 million earlier this year.
The land was purchased by Otay Tijuana Venture LLC, a limited liability company consisting of Zell’s Equity Group Investments, a private investment firm, and several private Mexican investors, including shareholders and board members of Grupo Aeroportuario del Pacifico, or GAP, the private operator of 12 airports in Mexico, including Tijuana’s international airport." ....
for the complete story
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