An analysis of Petco Park's impact on downtown San Diego after 10 years was released yesterday by the National University System Institute for Policy Research (NUSIPR). It showed that the number of employees working in the area remained essentially unchanged, but the area was revitalized by new construction and more than 15,000 new residents in the area.
Employment remains essentially unchanged, with 64,689 workers employed at 92101 businesses in 2004 and 64,718 working in downtown in 2011.
A difference of 29 jobs, but employment for those working in bars, restaurants and hotels did grow.
"While there are developments moving forward that offer the chance to add to downtown’s employment base, the region still has been unable to accelerate job growth downtown or to diversify the economy…," said Erik Bruvold, who drafted the report based on data collected from the Census Bureau and other sources. "The ballpark’s promise has yet to be fulfilled."
But the new job growth in hospitality and tourism was balanced by the loss of white collar jobs that left downtown for more suburban areas.
One reason for the flat job growth is that the creation of restaurant and hotel jobs around the stadium has been offset by an exodus of lawyers, accountants, consultants and other professionals for the suburbs, such as University Towne Centre.