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SAN DIEGO (KGTV) — City Council leaders on Tuesday approved the purchase and sale agreement that formalizes the sale of the Mission Valley stadium site to San Diego State University.Following the council's approval of the PSA, a required 30-day waiting period begins. After that, Mayor Kevin Faulconer will sign the agreement to complete the sale and begin the escrow period of the land.Transfer of ownership of the stadium site is expected to take place in early August. Construction on the university's Aztec Stadium is expected to begin shortly after, with the stadium and river park first on SDSU's list for development.RELATED: City Council approves draft of Mission Valley stadium site sale to SDSUFollowing the vote, Faulconer and SDSU President Adela de la Torre issued a joint statement on the agreement:"Today’s final and historic City Council approval of the sale of the Mission Valley stadium site to San Diego State University ushers in a new era for both the City of San Diego and its oldest university. It brings an end to any questions about the future of the stadium site and begins the revitalization of public land to better serve our regional community.SDSU Mission Valley will create an academic and research hub helping generations of San Diegans achieve their personal, educational, and professional goals. It will create thousands of jobs and strengthen our regional economy. It will also support many of the City’s goals by creating more housing, including affordable housing; enhancing mobility options with a new bike and pedestrian paths; increasing transit use; and improving the quality of life for all San Diegans through the creation of a world-class river park.We are grateful for the work that has been done over the past 19 months to get us to this point, and look forward to further strengthening the partnership between the City of San Diego and SDSU as this project becomes a reality."Aztec Stadium is expected to cost about 0 million and will be funded through philanthropic gifts and bonds to be paid back through revenue generated by the facility. The facility's revenue will also support its operating costs.The project is part of San Diego State's "SDSU Mission Valley" campus plan, which includes school facilities; housing for students, the community, and affordable housing; retail; and a community river park. 2367

SAN DIEGO (KGTV) - Charles Schwab is the latest large investment firm to offer fractional stocks as a way to get more people to invest.The move puts more high-dollar, blue chip stocks within reach for younger customers."It's a big win to consumers in general," says Steven Fox, the owner of Next Gen Financial Planning. "That's particularly helpful for younger investors because they typically tend to have smaller accounts."A recent report says that 66% of millennials say they're afraid of the stock market. Fox thinks it's because that generation watched their parents go through multiple downturns and were turned off by its volatility.But, Fox says fractional stocks, and other new ideas from large companies are enticing more people to invest. He says many firms are starting to offer perks like zero-commission trades, fractional stocks, and on-line based accounts to help people save money and invest more."It may only be 1%, but for a lot of people over a long period of time, as you account grows more and more, that 1% can mean a difference of tens or hundreds of thousands of dollars that you would have available to pull out later in life."Fox says it also helps people keep a more diverse portfolio. He says this is the start of a shift to more direct indexing, where investors will be able to use fractional stocks to create their own groups of investments, rather than buying pre-set mutual funds or indexes."You're gonna see more technology come out that makes it easy to do direct indexing and consumers are going to see more and more options here," says Fox. 1585

SAN DIEGO (KGTV) -- California has some of the most expensive gas in the entire country, and a new study by GasBuddy also claims the Golden State also has some of the most aggressive drivers.According to the study, California ranks number one with most aggressive drivers followed by Connecticut and Georgia.The study claims those aggressive habits are also costing Californians cold hard cash. GasBuddy says aggressive driving habits costs an additional 7 per year in fuel.The habits include hard braking, speeding and rapid acceleration.Further finding indicate that the more heavily populated the city, the more motorists drive aggressively.Check out the chart below:  687

SAN DIEGO (KGTV) — As Seaworld San Diego reopens its doors this weekend, an East County grandmother and passholder says she and her grandson won't be making a visit.Visiting SeaWorld is one of Rose Becker's favorite things to do with her 4-year-old grandson Vincent."He just loves walking around and looking at the dolphins, orcas, and sea lions," said Becker.So when SeaWorld announced they would be reopening, she got excited.RELATED: Several San Diego County businesses to reopen indoors with limits under new guidance"I was planning on taking him Sunday. Was so excited to hear SeaWorld was back open. My grandson was so excited ... and then my excitement, down to frustration," said Becker.She was frustrated because of the cost. SeaWorld is opening through its weekend Zoo Days Bayside BBQ and Brews events. It's reservation only with a limited capacity. The park's attractions will be limited to outdoor animal exhibits and shows. A ticket will include food, drink, and merchandise. Passholders like Becker get a complimentary ticket but must pay for the lanyard for the food and beverages. She would receive a more-than-50% discount, but Becker still has to shell out for Vincent and herself, a cost she can't afford.RELATED: North County leaders join Legoland to demand state give direction for businesses to open"I'm retired and on a limited income ... I'm very frustrated and angry that I can't take my grandson to go visit SeaWorld, when it's open to the public who wants to pay for a special ticketed event, and not to us who have been paying all this time as passholders," said Becker.She's not alone. In the past few days, ABC 10News has received emails and Facebook messages from passholders upset about having to pay for the extra cost."We're being treated like second class citizens in essence," said Becker.SeaWorld plans to hold the weekend events until late September, and then reassess a true opening. The park has announced it will be extending expiration dates for passholders and upgrading them to the next tier of benefits. 2061

SAN DIEGO (KGTV) - Ballast Point has introduced its way of giving back to the San Diego community after 20 years in business.Ballast Point is releasing "Made in San Diego," a new beer which will benefit the San Diego Regional Economic Development Corporation. The brewery will donate 50 cents for every case of the beer sold to the EDC Foundation Entrepreneurship Fund.Leaders from the city and Ballast Point officially tapped the beer at Wednesday's San Diego Padres game at Petco Park.RELATED: San Diego-based Ballast Point to become Disneyland's first on-site brewery"As a brewery that has called San Diego home for over two decades, we couldn’t be more excited about this announcement," Marty Birkel, president of Ballast Point Brewing Company, said. "This community has embraced us from a small home brew supply shop to a globally distributed brewery, and we want to honor our hometown supporters while empowering other local business owners to pursue their passion – just like Ballast Point did."The beer is expected to generate about ,000 a year for the EDC program for small businesses. The EDC says Ballast Point itself had 7 million of total economic activity in the region last year alone.So what does "Made in San Diego" taste like?RELATED: "Brewchive" preserves?history?of San Diego craft brewing industryBallast Point describes the brew as a golden ale with toasted bread aroma and flavor from Munich malt. There's also a soft bitterness from Cascade and Mosaic hops and the beer's can features many of San Diego's unique cities.Ballast Point will offer the beer on draft in San Diego County later in April and available in six-pack 12 oz. cans around the county at the end of May. 1754

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