This Article will explore the San Diego experience in the facility financing area. Part I reviews San Diego's growth management history as the background for the development of a financing strategy. Part II addresses the limitations on local government revenue raising and spending imposed by the California Constitution. Part III traces the legal standards and court decisions associated with financing tools. Part IV then explores future facility financing tools. The Article concludes that the pressures to create local government-level financing will continue to exacerbate growth management difficulties unless serious state law reform occurs.