A long-term deal between SeaWorld and the city of San Diego gives taxpayers a stake in the company’s success.
SeaWorld has been a fixture in San Diego for 50 years but the marine park doesn’t own the land it sits on. The company rents its Mission Bay Park property from the city.
The company’s 50-year lease with San Diego is structured so that the city gets more cash the more SeaWorld’s business booms, an arrangement that means taxpayers could take a direct hit if state lawmakers approve a bill that could have dire consequences for SeaWorld’s bottom line.
SeaWorld rents 190 acres from the city, which includes about 172 acres of land and roughly 18 acres of water, and has rights to that property until at least 2048.