Good news for San Diegans: like most other (local, state and national) governments, their city’s leadership believes that spending your way out of an economic crisis with a growing budget deficit is just plain marvelous!

Despite an expected $60 million shortfall for the next fiscal year, San Diego’s Centre City Development Corporation is still looking into possibly rebuilding downtown’s Civic Center Complex.

Last night, CCDC presented the anticipated peer-review report, conducted by Ernst & Young, of the original analysis completed by Jones Lang LaSalle. Although Ernst & Young found various glitches with JLL’s evaluation of the proposals offered by developers Hines and Gerding Edlen Development, many San Diegans are contemplating whether rebuilding the civic center is even worth the bother.

Well, if you enjoy seeing your money thrown away, sure, why not? (more…)