by By Kaylee Hultgren | September 02, 2009

On Monday, the San Diego Convention Center Task Force, a group appointed by Mayor Jerry Sanders last February to evaluate plans to expand the city's convention center, approved a $753 million expansion of the facility. Financing is yet to be determined, though the task force outlined several possible sources, including an increase of the city's hotel tax, a new tax on food and beverage sales, and the implementation of the city's second Tourism Marketing District. The proposal will now move to City Hall, where the mayor will gauge business support of these financing options. Features of the expansion include 198,000 square feet of exhibit space; 108,000 square feet of new meeting rooms; 49,400 square feet of retail space, and a 500-room hotel, with 37,900 square feet of meeting space. The project is expected to break ground in 2012 and finish in 2014.