Petco Park, home of the San Diego Padres, cost $474 million to build and opened in 2004. The ballpark was funded by a public-private partnership between the City of San Diego and the Padres, with the team contributing $105 million and the city issuing $309 million in bonds. In addition, $60 million was raised through a hotel tax increase.
The cost of Petco Park was not without its critics, as many felt that the city should not be using public funds to build a stadium for a private company. However, those in favor of the project argued that the ballpark would be an economic engine for the city, bringing in new jobs and revenue.
In the end, Petco Park has been a success both on and off the field. The Padres have made the playoffs twice since moving into their new home, and the ballpark has been credited with revitalizing downtown San Diego.
How much did Petco Park cost?
Petco Park cost $474 million to build and opened in 2004.
