SAN DIEGO (FOX 5/KUSI) -- The long-awaited Midway Rising project is in its full entitlement phase, designing out the nuances which will modernize the face of the sports arena area long beloved but starved for new investment for decades. “Cities are living things and so now is the time to pivot to a new set of memories, a new set of opportunities,” said Jim Andersen, the Chief Development Officer at Chelsea Investment Corp. The new 2,000 affordable housing units will be the most units of affordable housing ever created at one time in California. Jaws of life brought in for fatal crash on southbound I-5: CHP “There will be a total of 4,250 units -- 2,000 will be deed restricted for 50 years minimum,” said Andersen. Renderings show one, two and three-bedroom apartments. One-bedroom affordable units are going for as little as $900 a month, while it goes up to $3,000 a month for a three-bedroom unit. Some residents who live in the area have mixed emotions about eventual demolition of the sports arena, but say they also understand all things come to an end. Andersen says first a new stadium will be built and then by 2026-2028 the full building plans will be finally launched. “We’ll start a spade in the ground on market housing retail and some of the affordable housing as well,” said Andersen.