Nonprofit Market Creek Plaza offers Diamond district residents up to a 20% investment stake

Nonprofit Market Creek Plaza offers Diamond district residents up to a 20% investment stake

Neighbors of the 10-acre Market Creek Plaza in southeast San Diego are being offered a piece of the action.

The nonprofit owner of the shopping center on Euclid Avenue, just south of Market Street, has developed an investment plan that will give nearby residents up to a 20 percent stake in the enterprise – with the goal of transferring complete ownership and control within 12 years.

“We want to keep profits circulating inside the neighborhood instead of going outside,” said Ardelle Matthews, a retired schoolteacher and longtime neighborhood resident who plans to invest a “large amount” in the 5-year-old mall. “With Market Creek Plaza, we can invest in ourselves now.”