It’s maybe the most closely watched business issue in MLB these days, but there’s nothing new in the battle between the Oakland A’s and San Francisco Giants over San Jose. The New York Times had a nice report on the state of affairs in the A’s/Giants standoff: the A’s want San Jose, the Giants control […]
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Oakland: One last gasp at keeping A’s
Oakland will take one last run at keeping the Athletics by paying $3.5 million on an attempt to persuade private investors to upgrade facilities at the Coliseum sports complex. The city will pay $1.6 million to JRDV Architects, Forest City Enterprises and HKS Sports and Entertainment to determine the long-term feasibility of the complex, which […]
MLB: No, there’s been no decision on Oakland A’s to San Jose
A report saying Major League Baseball would deny a move by the Oakland Athletics to San Jose is incorrect, according to MLB officials. A story in the New York Daily News reported that MLB would prevent the A’s from moving due to opposition from San Francisco Giants ownership; San Jose is part of the Giants’ […]
Oakland contemplates foreign investments to help fund A’s ballpark
With no redevelopment money available for a new ballpark, Oakland officials are floating a plan to use foreign investments to pay for new sporting facilities — including a new Athletics ballpark. It’s a wonky plan, to be sure. The federal EB-5 program basically allows foreign investors and their famlies to buy a green card if […]
Court ruling clarifies San Jose, Escondido ballpark statuses
With the California Supreme Court ruling yesterday that the state can indeed eliminate city and county redevelopment agencies, the fate of new ballparks in Escondido and the Bay Area became clearer. The California Supreme Court not only ruled that the state can eliminate redevelopment agencies — and recapture locally generated revenues in the process — […]
San Jose to sell A’s ballpark land at a huge loss
San Jose officials are so eager to land the Oakland Athletics that they’re willing to sell Lew Wolff land for less than half it’s worth on the open market. The deal would sell about five acres of prime downtown land for $6.9 million. San Jose paid $25.1 million for the six parcels of land over the […]
San Jose rushing to acquire land for Athletics ballpark
The San Jose Redevelopment Agency is working to sell other city land and buildings to finance a purchase of the remaining parcels for a new Oakland Athletics ballpark, but initial bids came in lower than expected. The bids for the six properties fetched a total of $19.59 million in offers, below the $26 million the […]
Could Oakland bar A’s from moving?
An interesting legal theory is making its way through the Bay Area: that a clause in the Athletics’ lease for Oakland-Alameda County Coliseum could be used as a tool to keep the team in Oakland — at least long enough for a sale of the team or a San Jose deal to cool. Here’s the […]
Cal budget issues could alter San Jose, Oakland plans for A’s ballpark
A proposal by Gov. Jerry Brown to shut down California‘s 425 redevelopment agencies could have a huge impact on the Oakland Athletics, as both San Jose and Oakland are planning on using redevelopment funds to help pay for a new ballpark. Both cities are planning on using a redevelopment agency as a base for the […]
Beware folks peddling simple solutions to complex problems
Ken Rosenthal and Scott Boras say the solution to the financial issues faced by the Oakland A’s is simple: MLB should just let the team move to San Jose. But, alas, the solution isn’t all that simple, and the issue is considerably more complex than just appeasing Lew Wolff: it goes to the very financial […]
Oakland moves forward on environmental study of A’s ballpark site
The Oakland City Council is poised to spend $750,000 on an environmental study of a proposed Oakland A’s ballpark site in the city’s downtown Victory Court area, though there’s still no interest from the team in the location. The city’s City Council Community and Economic Development Agency approved the spending last night, and the full […]