KMA served as the financial advisor to the City of San Diego on the Otay Mesa Enhanced Infrastructure District (EIFD) through the formation process. KMA’s work included testing the feasibility of numerous scenarios, evaluating the revenue-generating capacity of the proposed EIFD, prepared the IFP, and assessing the fiscal impacts of anticipated new development.
The Otay Mesa EIFD will include the entire Otay Mesa Community, or roughly 9,300 acres located at the City’s southern limits. It is bounded by the Mexican border to the south, Interstate 805 on the west, County of San Diego on the east, and Chula Vista and the Otay River Valley on the North. Otay Mesa is a rapidly developing area, and the City envisions it as a major employment center with industrial-focused businesses, including transportation logistics, warehousing and manufacturing.
KMA projected that the EIFD could generate approximately $670,000 in tax increment commencing Fiscal Year 2019, growing to $42 million by Fiscal Year 2062, for a gross total of $967 million over the projected life of the district.
