San Diego's Unified Port District is considering capital improvement, including helping to fund an expanded San Diego Convention Center.
Port commissioners recently discussed a capital improvement report prepared by an ad hoc committee of three board members but decided not to take action until a financial adviser is brought on board.
Highest-priority projects would total about $258 million, with the convention center expansion accounting for $181.6 million of that sum. San Diego probably would assist in financing the expansion.
The report suggests a bond issue as one means of financing the improvements, but the Port District's ad hoc committee recommended making no commitments to a debt sale until a financial adviser studies the issue.
The port board could make a hiring decision for the adviser later this month. The adviser's report would probably be ready in early 1994.
