The city’s latest budget allocates more money for projects at Balboa Park, an iconic park that has at least $300 million in needs.
The city appears poised to throw more cash at Balboa Park projects next year.
Mayor Kevin Faulconer on Tuesday signed a budget that sets aside about $3 million for projects at the iconic but deteriorating park. His staff penciled in another $1.35 million to back the restoration of the park’s iconic Botanical Building in an upcoming bond.
That’s more than double the amount city budgets have thrown at the park over the last decade but nowhere near the estimated $300 million needed to repair the park’scrumbling infrastructure.
Leaders of two philanthropic groups that support Balboa Park cheered the increased budget allocations and said they’re hopeful more help is on the way.
“This is a big first step and it’s gonna take a decade of steps like this to recover the funding that’s needed to bring the park back up to the standards that we all expect,” said John Bolthouse, executive director of the Friends of Balboa Park.