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Daily Business Report: April 29, 2024, San Diego Metro Magazine

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Daily Business Report: April 29, 2024, San Diego Metro Magazine


Coming next to Downtown’s Embarcadero — a 5.7-acre

over-the-water park next to the USS Midway Museum

Freedom Park will be a tribute to San Diego’s military history

Sometime in early 2028, a 5.7-acre over-the-water park will be opened alongside the USS Midway Museum on the Downtown Embarcadero — a tribute to the San Diego region’s rich military history.

On its completion, Freedom Park will boast an array of features, including nature gardens, memorials and monuments, play elements, and concessionaires. Developed by the USS Midway Museum and the Port of San Diego, Freedom Park’s overall design will be handled by RICK, a San Diego company formerly called Rick Engineering Company.

RICK is the prime design consultant for the park and will be responsible for developing all civil engineering and landscape architecture. Sub-consultants involved on the engineering, landscape architecture team include BSE Engineering, Triton, Engineers, Ninyo & Moore, and Wimmer, Yamada & Caughey — all from San Diego, and Gallagher and Associates of Virginia Beach, Virginia.

“Visitors will enjoy the beautiful surroundings but have no idea about the complex engineering that made it all possible,” says Nick A. Dorner, RICK’s project manager for Freedom Park, responsible for the extensive coordination of the project.

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“This is among California’s most structurally complex over-the-water parks,” Dorner said. “In a typical park, engineers have unlimited space below ground to position water, sewer, electrical, communications and storm drain systems.  At Freedom Park, we have minimal space to contain all the infrastructure.  Everything must fit together seamlessly.”

Top Photo: A rendering of Freedom Park.

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Saab selects San Diego as U.S. innovation hub


Swedish defense industrial giant Saab’s U.S. subsidiary is opening an innovation hub in San Diego named Skapa, the company’s president and CEO said in an interview April 24. “We have innovation hubs in Sweden and one in the U.K, so we thought, ‘Why don’t we set something up in the U.S.?’” Saab President and CEO Micael Johansson told National Defense in a phone interview.
Skapa is Swedish for “to create, to make, to shape,” a press release said.
Having an innovation hub in the United States will pave the way for research opportunities with Saab’s U.S. customers as well as government organizations such as the Defense Advanced Research Projects Agency, Johansson said. “It will help us quickly get traction in the U.S., and that is quite attractive to us,” he added.

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State awards $120 million in tax credits to eight

companies to generate more than 2,000 full-time jobs

The state has awarded $120 million in tax credits to eight innovative companies in California that will generate more than 2,100 full-time jobs with an average annual salary of over $100,000, and bring in an estimated $15.5 billion in private investment over the next five years.

The funding, from the Governor’s Office of Business and Economic Development’s (GO-Biz) California Competes program, is going to companies expanding their operations in California and supporting the type of cutting-edge industries that the state is known for.

One of those companies is Controlled Thermal Resources, which received a $30 million tax credit to help construct a facility near the Salton Sea to sustainably extract lithium and other critical minerals from geothermal brine in Imperial County.

The other companies and their tax credit:

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Pacific Steel Group: $30 million

Moxion Power Co.: $25 million

Elve Inc.: $15 million

MicroVention Inc.: $7,500,000

Tau Motors Inc.: $7 million

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Paired Power Inc.: $3,500,000

Juanita’s Foods: $2 million

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A new California ruling tries to hold down your health care costs.

Here’s how it works

A nurse checks on a patient in the emergency room unit of Hazel Hawkins Memorial Hospital in Hollister on March 30, 2023. (Photo by Larry Valenzuela, CalMatters/CatchLight Local)

By Kristen Hwang | CalMatters

You won’t notice it right away, but a new California state agency took a major step last week toward reining in the seemingly uncontrollable costs of health care.

The Office of Health Care Affordability  approved the state’s first cap on health industry spending increases, limiting growth to 3 percent by 2029. This means that hospitals, doctors and health insurers will need to find ways to cut costs to prevent annual per capita spending from exceeding the target. Between 2015 and 2020, per capita health spending in California grew more than 5 percent each year, according to federal data.

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A board appointed by Gov. Gavin Newsom and the Legislature on April 17 approved the new regulations in a 6-1 vote.

Health and Human Secretary Dr. Mark Ghaly, who chairs the board, said the regulations recognize that Californians are struggling every day to pay for health care  and the state has a role in helping them. “We have a place in making sure it becomes more affordable,” Ghaly said.

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Carlsbad to build solar energy farm at Maerkle Reservoir

Carlsbad is working with consultants and industry experts to build a solar energy farm on 30 to 40 acres the city owns at the Maerkle Reservoir.

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The Carlsbad Municipal Water District recently completed a feasibility study and is on track to select a development partner by the end of the year, Intergovernmental Affairs Director Jason Haber said Tuesday at a meeting of the Carlsbad City Council, which oversees the water district.

The reservoir covers about 17 acres of the district’s property in a little-seen eastern corner of the city near the border with Oceanside and Vista. The photovoltaic panels would be installed on vacant property the district owns just north of the reservoir.

Up to 8 megawatts could be generated by the system, said the city’s Senior Engineer Keri Martinez. A single megawatt is to supply 650 average homes annually, according to SDG&E.

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Mahesh Krishnan elected to Halozyme’s Board of Directors

Halozyme Therapeutics Inc. announced the election of Mahesh Krishnan, M.D. to its board of directors. Dr. Krishnan has more than 20 years of experience in health care, biotechnology and health services. Dr. Krishnan currently serves as group vice president of growth at DaVita Inc., one of the largest providers of kidney care services in the U.S. He was co-lead of the DaVita Venture Group, where he oversaw strategic partnerships in technology and research and development within the organization.

Sempra named a Best Employer for Diversity by Forbes

Sempra has been named to Forbes Best Employers for Diversity in 2024, marking the sixth consecutive year the company has earned a spot on the annual list recognizing strong workforce development and employee engagement practices. The Best Employers for Diversity 2024, presented by Forbes and Statista Inc., were identified in an independent survey from a sample of over 170,000 U.S.-based employees working for companies employing at least 1,000 people within the U.S.

Cetera names Michael Molnar head of corporate development

Cetera Finanial Group, he premier financial advisor Wealth Hub, has named Michael Molnar its head of corporate development. Molner, a Wall Street veteran who has been a buy-side investor, an investment banker and a sell-side analyst, previously led corporate development, M&A and succession planning for Avantax Inc., acquired by Cetera Holdings in November 2023. Molnar orchestrated more than 20 acquisitions that helped nearly double the size of Avantax’s employee-based RIA.

Finopotamus launches the 2024-25 Payments Industry Leaders Forum

Finopotamus, the only online resource providing in-depth technology coverage exclusively to credit unions, announced the launch of the inaugural Payments Industry Leaders Forum, the second in a Finopotamus series of knowledge portals focused on key industry topics. The publication’s first offering, the Digital Banking Industry Leaders Forum, was launched in Q4 of 2023. Finopotamus was created by industry veterans W.B. King, John San Filippo, and Roy Urrico.

Provisio Medical announces FDA clearance of Provisio SLT IVUS system

Provisio Medical announced FDA clearance of the Provisio SLT IVUS System. Sonic Lumen Tomography (SLT) technology addresses a critical unmet need for vascular specialists by providing automatic, real-time, accurate, numeric measurements of the flow lumen of blood vessels without the complexities of image interpretation. Provisio Medical’s catheter is the world’s first integrated intravascular imaging and support crossing catheter and enables vessel lumen measurement and visualization simultaneously.

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Alaska Airlines expands presence in Southern California

Alaska Airlines is expanding service at two of its major hubs in Southern California with new routes and additional capacity to popular West Coast destinations as part of the carrier’s ongoing commitment to growth in the state. It will add its 39th nonstop destination from San Diego with service to Las Vegas. It also will start new service between Los Angeles and Pasco, and bring back guest favorite Los Angeles to Reno.

COOLA celebrates 20 years of innovation

COOLA has been creating organic, innovative suncare for 20 years. As sunscreen and skincare consumers have evolved, COOLA is making a move to ensure its packaging fully represents its future. Building beyond its lifestyle-brand legacy, COOLA is looking to reflect its expertise and superiority in SPF by revealing a brand-new look that conveys its focus on efficacy and innovation while still embracing its organic, Southern California heritage.

Polaris unleashes lineup of cordless cleaners to meet every need

Polaris, the leading manufacturer of premium automatic pool cleaners, has added to its robotic offering with a new lineup of cordless cleaners to accommodate any backyard pool or spa. The Polaris Freedom, which debuted last spring, was the first Cordless Robotic Pool Cleaner launched by the iconic brand. Now Polaris builds on the success of FREEDOM with the advanced FREEDOM Plus, PIXEL and the groundbreaking new Spabot cleaners.

LUXE Bidet named Hermes Creative Awards 2024 Gold winner

LUXE Bidet, the #1 bidet attachment provider in America, shared its recent success at the esteemed Hermes Creative Awards for its project “LUXE Bidet – Good Clean Fun,” featuring a host-read with Conan O’Brien. The company’s advertisement, led by Conan O’Brien, has been honored as a 2024 Gold Winner, signifying a remarkable achievement in creative excellence and industry recognition. LUXE Bidet celebrates winning the 2024 Hermes Creative Gold Award for its exceptional bidet attachment project.

Oberon Fuels and Sunvapor commission solar steam project

Oberon Fuels, a renewable fuels producer, and Sunvapor, a renewaboe heat provider, commissioned a solar steam project under the first purchase agreement in the U.S. for industrial solar steam. This agreement will eliminate upfront capital requirements to deploy solar steam, while enabling Oberon to as much as double output capacity and slash the carbon intensity of renewable fuels — critical for industrial customers seeking renewable fuels to achieve pressing net-zero commitments.

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Wildcat receives 100th patent for battery materials innovation and technology

Battery materials pioneer Wildcat Discovery Technologies announced it received its 100th patent, reinforcing its industry-leading innovation and advancing its strategy for U.S.-based cathode materials manufacturing. Wildcat has been developing battery materials since 2006 and plans to build a plant in the United States to manufacture lithium iron phosphate (LFP) in late 2026, lithium manganese iron phosphate (LMFP) in 2027, and disordered rock salt (DRX) in 2028. The company has received patents for cathode active materials (CAM) innovations, novel electrolytes and anodes, and various other battery-related technologies.



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San Diego, CA

Opera company makes San Diego debut with local talent

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Opera company makes San Diego debut with local talent


Inside the quaint Tenth Avenue Arts Theater in downtown San Diego, music fills the air of the dark, moody building.

A new era for opera in San Diego is underway — Opera a la Carte is making its grand debut.

“We just want to introduce people perhaps who aren’t as familiar with the classical voice to our style of singing and to opera …” said the organization’s founder, Abla Lynn Hamza.

She’s excited for their inaugural production taking place this week: Giacomo Puccini’s La Boheme.

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“Anybody from any walk of life can enjoy it, because the story is universal. It’s about love, it’s about struggle, it’s about the realities of life and how life can be hard sometimes,” Hamza said.

Abla Lynn Hamza stands in the hallway at Tenth Avenue Arts Theater in downtown San Diego, May 15, 2024.

It’s a classic opera that’s being told in a bold, new way.

“It’s really written for the early 1800s and it’s usually in long dresses, you know 1800s costumes, but I’ve set it in 1941 occupied Paris,” said director Angelina Réaux. “Because I think war always intensifies people’s emotions.”

The story follows four bohemians living together, whose lives change during a freezing Christmas Eve.

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Réaux sees her rendition more like a play with music.

“It’s so human. It’s just filled with humanity and all of the characters, you get to know them,” Réaux said. “They’re characters that you become familiar with and you come to love and care about.”

Soren Pedersen performs as one of the bohemians in the opera, named “Marcello.”

“He’s got a lot going on. He’s got anger, he’s got love in kind of a convoluted but very authentic way for him,” Pedersen said. “He’s got a deep care and compassion for both Rodolfo and Mimi that manifests in different ways.”

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The cast of Opera a la Carte's La Boehme run through a dress rehearsal, May 15, 2024.

The cast of Opera a la Carte’s La Boehme run through a dress rehearsal, May 15, 2024.

Like all of the cast bringing the story to life, Pedersen has roots in San Diego.

He’s played this role before, but not in such a close-quarter and gritty setting.

“What I’m expecting is a very fun and intimate production, because everybody is right here. You can see all of our expressions, which is not something you get to do — at least for very cheap in a real opera house,” Pedersen said.

The all-women run Opera a la Carte does more than hire local talent, they aim to fill gaps in the industry.

Their mission is to ensure that the beauty of opera and classical singing is accessible and affordable for all audiences.

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Pedersen said that approach is one of the ways that “opera can stay alive in the coming generations and is a necessity I would say for our artform.”

The production is for people of all ages and experience levels with opera. So those who have never seen one before can feel at ease.

The outside of the building for Tenth Avenue Arts Theater in downtown San Diego in shown, May 15, 2024.

The outside of the building for Tenth Avenue Arts Theater in downtown San Diego in shown, May 15, 2024.

It’s created for and by the San Diego community.

“There aren’t a lot of smaller companies here and there are all these talented performers. And I really wanted to give people opportunities to perform, as well as introduce people to opera who maybe don’t know that much about it,” Hamza said.

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The Opera a la Carte founder has her hands full. She’s not just producing the show — she’s performing in it too, as Mimi.

“It’s been a challenge to be honest,” Hamza said, laughing. “I bit off quite a lot — you know, live and learn. Next time there are things I would do quite differently, I’ll definitely have a lot more help in the next production.”

Réaux said the production will immerse audiences when they enter the theater doors — through propaganda posters, police barriers and a World War II-era radio.

Shows kick off Thursday and run nightly through Sunday.

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Boston Micro Fabrication Launches Spinout in San Diego – San Diego Business Journal

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Boston Micro Fabrication Launches Spinout in San Diego – San Diego Business Journal


SAN DIEGO – Precision micro-printing provider Boston Micro Fabrication (BMF) has launched San Diego-based BMF Biotechnology Inc., a spinout dedicated to making specialized chips through cultivated large-scale tissues in vitro, helping accelerate new drug and cosmetic development.

Jennifer Sun
Chief Scientific Officer
BMF Biotechnology Inc.

“BMF Biotechnology’s BioChips allow scientists to grow human-like tissues in a lab setting and because these chips mimic how substances would be processed inside the body, scientists can use them to test drugs and cosmetic products,” BMF Biotechnology Chief Scientific Officer Jennifer Sun told the Business Journal.

“These microfluidic chips are an organ-on-a-chip platform, which can replicate the physiological conditions found in the human body by controlling the flow of small amounts of fluid through micro-size channels.”

Founded in 2016, BMF says it supports more than 2,000 customers globally with offices in Boston, China, Japan and now in San Diego.

“BMF has raised over $80M in investment funding, including $24M in 2023,” added Sun. “We have over 250 employees worldwide with global revenue growth exceeding 30% in 2023.”

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Wanting to be housed in San Diego’s vibrant biotech ecosystem, the company’s San Diego Research Institute was born in 2022. The newly launched biotech division will operate out of Carroll Canyon with ten or so employees to start.

Preliminary feedback has yielded promising results, says BMF.

“Specifically, significant progress has been made in terms of developing functional prototypes of the BMF Biotechnology’s BioChip, validating their efficacy in replicating human tissue models accurately,” shared Sun. “Furthermore, preliminary tests have shown encouraging outcomes of disease modeling and validating human drug responses.”

BMF is entering an arena of competitors like MIMETAS and InSphero – working to commercialize organ-on-a-chip technology. Sun says its product stands apart.

“Our BioChip platform offers distinctive features, including a micro-channel network designed to mimic blood vessels with micron level three dimensional features. This network ensures efficient nutrient delivery and waste removal throughout the chip, enabling the comprehensive replication of human tissues on a large scale.”

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Hybrid Printing Solution

In recent years, micro molding and 3D printing innovations have swept the micro-manufacturing world, advancing how production companies do business.

New England-based BMF’s core tech enables highly precise, micro-scale 3D printing across industries like healthcare, life sciences, electronics and machining.

“3D printing has often been known for its ability to rapidly iterate on product design, but this same benefit can also be applied to developing custom, high-precision solutions that advance research in other ways – such as through pharmaceutical development,” said Sun. Now the industry is trending toward miniaturization. “As products and technology get smaller, the connective parts become micro and more intricate. There is an urgent need for highly precise and accurate manufacturing methods that allow engineers and product designers to consistently create small-scale parts with the precision, resolution and accuracy needed to move industries forward.”

This month, BMF announced what it calls the industry’s first line of hybrid printing solutions for micro-scale and ultra high-resolution applications that allow the user to print two resolutions within a single layer or in different layers.

John Kawola
CEO-Global
BMF

“Our driving motivation for innovation has been to offer new platforms that can help realize high-value applications for 3D printing,” said BMF CEO-Global John Kawola. “Increasingly, we have been pushed by our customers to bring our technology to applications where higher precision and tighter tolerances would result in an overall increase in quality and performance, regardless of part size.”

It comes after another big win for the company. Last year it launched what it deems the world’s thinnest cosmetic dental veneer, UltraThineer™. This April, BMF secured FDA 510(k) clearance on the material.

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“As we think about the future for BMF Biotechnology, we anticipate expanding our product portfolio to address a wider range of therapeutic areas and applications, revolutionizing the way drugs are developed and tested,” Sun added. “Our goal is to be a globally recognized leader in organ-on-a-chip technology, driving transformative advancements in drug discovery, cosmetic development, toxicity testing, and personalized medicine to improve human health and safety.”

Boston Micro Fabrication
FOUNDED: 2016 in Boston, San Diego Research Institute in 2022
CEO: John Kawola
LOCAL DIVISION HQ: San Diego
EMPLOYEES: 10 in San Diego; 200+ globally
BUSINESS: biotech
CAPITAL RAISED: $80 million
WEBSITE: bmf3d.com
CONTACT: info@bmf3d.com
NOTABLE: BMF was named one of the Boston Business Journal’s “Fast 50” companies, an annual honor recognizing the 50 fastest-growing private companies in Massachusetts.



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Our Shtetl San Diego County: Closing Weekend of the RUTH: Remember Us The Holocaust Exhibit – San Diego Jewish World

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Our Shtetl San Diego County: Closing Weekend of the RUTH: Remember Us The Holocaust Exhibit – San Diego Jewish World


By Cailin Acosta

Cailin Acosta

SAN DIEGO – When I learned that the RUTH: Remember Us The Holocaust exhibit at the Rancho San Diego Library would be having its closing ceremony this weekend, I felt a little sad. It is a very thorough exhibit and I spent time reading the many stories of survivors. I am going on Thursday (tomorrow) with the Jewish Women’s Circle of Chabad East County one more time.

I will think of my dear late friend Rose Schindler who told me personally her father told her to “stay alive, so that you can tell the world what they are doing to us.” With the exhibit having its closing ceremony (it will remain open until June) I thought of Schindler’s words and wondered, now what? Who is going to continue to tell the story? Our survivors are sadly aging and passing so it relies on us to tell the stories and to not forget.

I will never forget the amazing survivors I met and the connections I had with them. At the closing ceremony, they will be showing a video presentation looking back at the then and now of the exhibit. Special guest speakers feature Matt Dunford from Love on the Spectrum, San Diego County Assessor Jordan Marks, Mayor Ron Morrison of National City, Mayor Bill Wells of El Cajon, and Roosevelt Williams the III “The Man Behind the Rose.” This event is free and starts at 3 pm.

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Chabad of Downtown is hosting a Shabbat Dinner on May 17, services start at 7 pm, and then a festive dinner to follow. If you have never been to a community Shabbat dinner, then you really should experience it. Click here to send in your reservation.

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The JCC has an action-packed event on May 19 to celebrate Israel now and forever. This free event will feature musical performances, food, and community. Click here to register.

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I love finding free family activities online to celebrate Jewish holidays together. The IAC Keshet and OFEK put together this family booklet you can print and celebrate Yom Ha’atzmaut creating some fun activities together. Click here for the free booklet.

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Hadassah is hosting a FUNdraiser for fun people on June 23 at Tifereth Israel Synagogue! Marsha Starr is the featured Hypno Diva along with the San Diego Miriam Group. If you love a show with a laugh-a-minute explosion of hilarity, then this is the show you need to attend, and you MIGHT be able to jump on stage and be a part of the show! Proceeds will be contributed to a state-of-the-art rehabilitation hospital in Israel that serves everyone regardless of religion, ethnicity, or political persuasion. Click here to attend and laugh knowing you are donating to an amazing cause.

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GOVERNMENT AND POLITICS

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Congresswoman Sara Jacobs (CA-51) and Rep. Maria Salazar (FL-27) introduced the bipartisan Global Internet Freedom Act to reinforce that internet freedom is fundamental to human rights. Jacobs said: “In the 21st century, internet freedom is a human right. It’s essential to get news and information about current events, connect with loved ones, ensure transparency and accountability of elected officials, and so much more. Unfortunately, dozens of countries use censorship and suppression online or issue draconian punishments for online activity, stifling people’s freedom of expression and ability to connect and engage with others. AI also poses new and heightened risks to internet freedom, empowering governments to wage online disinformation campaigns and surveil and censor online speech, websites, and social media platforms.”

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San Diego City Councilwoman Dr. Jen Campbell has endorsed Heather Ferbert for San Diego City Attorney.  Advertisements in which she was listed as having endorsed Ferbert’s opponent, Assemblyman Brian Maienschein, were lies, according to Dan Rottenstreich, Ferbert’s campaign consultant.  Maienschein’s campaign did not return a request for comment. Ferbert is San Diego’s chief deputy city attorney.   The incumbent city attorney, Mara Elliott, is termed out.

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Cailin Acosta is the assistant editor of San Diego Jewish World.

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