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Tourism Increases the Demand For San Diego Real EstateThe City of San Diego is the focal point for tourism in the region. Major attractions located in the City include the world-renowned San Diego Zoo, the San Diego Wild Animal Park, and Sea World. Other attractions include the Cabrillo National Monument on Point Loma; Balboa Park, home of the Zoo and a host of other cultural and recreational activities; downtown’s Gaslamp Quarter; and Old Town State Park. San Diego’s cruise ship industry is another important sector of the local visitor industry. San Diego’s long established tourism industry entered a new phase in 1989 with the opening of the San Diego Convention Center. The Convention Center is one of San Diego’s strongest economic engines producing an all-time historical high $566.4 million economic impact in Fiscal Year 2002. It generates 16,000 jobs throughout the region. During its 12-year history, more than 8.9 million visitors have attended upward of 2,600 events. It has attracted approximately 3.6 million out-of-town delegates, produced $3 billion in direct delegate spending and generated $87.4 million in Transient Occupancy Tax revenues. With the recently completed Convention Center expansion, it ranks as the 20th largest convention center in North America with approximately 2.6 million total gross square feet. Major Events Besides the many permanent attractions available to visitors, San Diego has also been the host to several major sporting events. The City held the 1992 America’s Cup, with an estimated economic benefit of $300 million. Additionally, the City was the proud host of the 1996 Republican National Convention. The City also hosted the 1992 Major League Baseball All-Star Game, the 1998 Major League Baseball World Series, and the 1999 Major League Soccer All-Star Game. The City was the host to Super Bowl XXII, held in January 1988, and Super Bowl XXXII, held in January 1998. Super Bowl XXXVII was held in January of 2003 at QUALCOMM Stadium. Super Bowl XXXVII was estimated to have an economic impact of approximately $340 million in the City of San Diego. COMPLIMENTS OF UNITED TITLE COMPANY Read More About San Diego: |
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