The Otay Mesa Chamber recently voted to support Measure O, a proposal that will be included in the November elections that will allow the newly formed Enhanced Infrastructure Financing District in Otay Mesa (EIFD) to issue bonds. If approved, this measure would allow the District to accelerate the construction of infrastructure projects in Otay Mesa. The district, which was formed in 2017 mandates that tax increments for Otay Mesa projects, be spent in Otay Mesa. Only Otay Mesa residents will be allowed to vote on this important measure. If approved, future tax increments would be available NOW to be spent on infrastructure. If defeated, tax increments would still be spent in Otay Mesa but only as they accumulate year per year.
It is important to highlight the following: