San Diego County this week sold at auction two vacant parcels
comprising 33.28 acres on the north side of the San Diego River next to Town
Center Community Park.
The winning bidder was San Diego businessman Conrad Prebys,
president of Progress Construction and Management based in Point Loma. He
submitted two bids totaling $36 million for the properties, which are zoned for
multi-family residential. The auction was held Jan. 28 during the regular
meeting of the San Diego County Board of Supervisors.
Prebys is a philanthropist who has given millions to various
institutions including the San Diego Zoo, UCSD, the Salk Institute for Biological Studies
and Scripps Health. In 2004, he donated $1 million toward the
construction of the Santee Boys and Girls Club.
