Arsenal owner Stan Kroenke has reportedly extended his real estate portfolio by joining the Midway Rising group as the lead investor in the project to redevelop San Diego's 48-acre sports arena site.
Perhaps best known for his involvement in endless sports franchises, most recently becoming the first owner to win North America's three major titles following Denver Nuggets' NBA Finals win, Kroenke also is heavily invested in a number of real estate assets.
The Kroenke Group, Kroenke's real estate company, will take a hands-on approach to the project that will see a thousands of jobs produced. Midway Rising's plans include producing over 4,000 new homes, a 450,000-square-foot arena that will hold between 14,500-16,500 people, a 200-room hotel and 250,000 square feet of retail.
