As a key Alameda County meeting regarding participation in a new fiscal district to benefit Oakland Athletics Baseball Stadium approaches at the waterfront, Oakland City Officials urge supervisors to support the effort.

The City of Oakland and the A’s have already reached an agreement to create an Enhanced Infrastructure Financing District (EIFD) to fund infrastructure upgrades in the Howard Terminal area. The A’s proposed a downtown Howard Terminal waterfront development with a private investment of $ 12 billion, including $ 1 billion for a new 34,000 capacity baseball stadium to replace the Colosseum. The development would also include 3,000 housing units, as well as 1.5 million square feet of office space, 270,000 square feet of retail space, a 400-room hotel, 18 acres of parkland and approximately 450 million dollars in community benefits.

The EIFD would benefit all businesses in the area in general, not just at the new A stage, but obviously the new development would be the biggest beneficiary of the fund. Oakland city officials have implemented a tax district fact sheet, the benefits, and more importantly why Alameda County should support it. The Alameda County Board of Supervisors is expected to discuss and approve the EIFD on October 26. It would not be binding, however, but it would allow the process to move into the next round of negotiations between the team and the city.

“It will be extremely important for the county to vote to affirm its intention to participate in the funding of affordable housing and public parks which are a community benefit in their own right to the overall project,” said Oakland Mayor Libby Schaaf. Chronicle of San Francisco. “I know the Commissioner is definitely looking to see this progress. Many of us are counting on that too.

Speaking of the commissioner – MLB commissioner Rob Manfred, in particular – he expressed doubts about building a new baseball stadium in Oakland. Speaking at the CAA World Sports Congress in New York, Manfred said:

“Particularly in the case of Oakland, we had to open up the possibility of exploring other places, just because it dragged on for so long,” Manfred said. “And frankly, in some ways we’re not sure we see a path to success in terms of building something in Oakland.”

When asked again if offshoring was a possibility, Manfred said, “Yes, (it’s) a possibility. Yes. I mean, they spoke in Las Vegas. There has been a lot of publicity, but there are options in terms of relocation besides Las Vegas. “

Maybe, maybe not. The Nashville Stars group led by John Loar remains active and has credibility in MLB circles. For now, Stephen Bronfman and his investors are working with the Tampa Bay Rays on a two-market team deal. On the other hand, the Portland Diamond Project has been very quiet lately. And we’re still waiting for someone to identify potential owners in Charlotte or Raleigh; you won’t get MLB expansion in North Carolina without a well-stocked investor roster, and the last solid ownership group in the Charlotte area was apparently led by Don Beaver, a long, long time ago. .

Rendered courtesy of Oakland Athletics.

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About Kevin Reichard

Kevin Reichard is the founder and publisher of Ballpark Digest.

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