The San Dieguito Lagoon, a wetland of vital importance to the region’s ecology, and a major environmental and scenic resource for Del Mar residents, underwent a major restoration project completed in 2010 designed to restore the lagoon’s aquatic functions and habitat, as well as improve public access.
This restoration was conducted by and paid for (at an approx. project cost of $90 million) by Southern California Edison, and its San Onofre Nuclear Generating Station (SONGS) partners, as an off-site mitigation project to satisfy the conditions of the California Coastal Commission for the construction and operation of SONGS.
Since 2004, the Foundation has managed a Lagoon Enhancement Endowment for the San Dieguito River Valley Joint Powers Authority (theSDRV-JPA). The purpose of this fund is to provide maintenance funds for the lagoon in the future, when Southern California Edison’s responsibility for the performance and maintenance of the restored wetland ends (anticipated in 2050), and maintenance of the lagoon becomes the responsibility of the SDRV-JPA.
The lagoon endowment was initiated in 2004 with a contribution of $500,000 from the JPA (funded by SCE and partners), and had $1,068,017 in assets as of 12/31/20. The Foundation’s Investment Committee oversees the management of the lagoon endowment funds.