Has To Begin Negotiations To Fully Purchase Oakland Coliseum Site

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In the latest wrinkle in the Athletics ‘ quest to build a new baseball stadium, Oakland, the City Council decided in a “nearly unanimous” vote Thursday to begin negotiations on the sale of the city-half of the Oakland-Alameda County Coliseum, site of the team, Phil Matier of the San Francisco Chronicle reports.One is already the owner of the other half of the site, after you have completed the purchase of the County of Alameda during the winter. The city of Oakland is in search of a similar version of the sale, which would see One to pay the city $85MM over a any period of time. These funds would help greatly in a city that, like virtually everywhere else in the world, suddenly confronted with substantial financial problems in the wake of the COVID-19 pandemic.

After the coronavirus stop, we are looking at a very,very serious budget deficit, and they say that it could cost us $6MM to maintain the site,” councilman Noel Gallo said prior to the closed session of the board. “We don’t have that kind of money. In this way, we can get some badly needed help.”

The agreement is based around One is in the end to stay in Oakland, and assuming that the Coliseum site offers as expected, the club now has several options to this end. The Athletics ‘ first choice is always to build a new stadium at the Howard Terminal site in downtown Oakland, and if the idea to be complete, One would then seek to develop the Coliseum site themselves. According to Sports Illustrated John Hickey, the 155 acre property that currently houses both the Coliseum and the Oakland Arena (the former home of the Golden State Warriors), would be “a commercial, cultural and residential area of…The Colosseum would be razed, although baseball would become a large park.”

The other possibility is that the site could be used as a backup plan for a new stadium. The Athletics would continue to play in the Coliseum until a new stadium was built in what is now the site of the north of the parking area. As Hickey notes, however, that the pandemic could make this more realistic scenario if One are not able to borrow the funds necessary to convert the Howard Terminal area.

Earlier this month, A president Dave Kaval said Howard Terminal was still the team’s priority, if “we are just focused on taking this quarter by quarter, and see how much progress we can make.” While some obstacles remain in the path of the Howard Terminal project of obtaining a full green light, in the attempt looked to try to be on the right track, with the Athletics originally hoping for an opening by the 2023 season before the coronavirus of the judgment.

This is purely my opinion, but if the funding becomes enough of a problem, the Athletics could theoretically seek to sell 155 acres to another developer in order to generate the money necessary to complete the Howard Terminal concept. Such a next step would be to add another layer of complexity to what has already been a long process, of course, and, of course, Was preferred to the time their new stadium and the Colosseum residential area double the revenue of generators.

It is fair to say that some fans might be a little perturbed to hear about another potential multi-million dollar development deal during a time where many teams are claiming the economic crisis. The A’s have long been a part of baseball, the lower spending teams, and their cost-cutting measures have often been the target of criticism — even, most recently, owner John Fisher has had to admit a mistake and reverse the team’s initial plan to eliminate the $400 weekly allowance given to Athletics minor leaguers. A property that has insisted for years that a new baseball stadium is necessary to ensure that the team remains in Oakland, and if nothing else, today’s news should deepen the links between the club and the city.

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