San Diego Comic-Con International might need a new home after 2016 if the convention can’t come to an agreement with the city council.
According to The Hollywood Reporter, the Comic-Con organizers decided not to appeal a ruling that shot down their attempts to expand the Convention Center on Tuesday. The city was attempting to fund $520 million project by raising taxes in the area, but the request was denied.
“We're going to have to spend some time figuring out a way to pay for this project or find a new one,” San Diego Council President Todd Gloria told local news station CBS 8.
San Diego Comic-Con International Organizer and Director of Marketing David Glanzer released a statement regarding the ruling to THR.
"Any decision to remain in San Diego has always been based on a variety of issues, including hotel room rates, available meeting space and other concerns, none of which necessarily override the other,” Glazer said.
The organizer added Comic-Con was "grateful that the mayor, city officials, hoteliers and convention center staff have worked to help mitigate our space concerns and are happy that we have a continuous dialogue with those entities. We hope there will be a solution that allows Comic-Con to stay in San Diego for years to come."
If Comic-Con leaves San Diego, the city stands to reportedly lose about $180 million of revenue from the convention a year. It is unclear if Comic-Con will leave California’s Bay Area. Click here for more information regarding the convention.
