Oakland Athletics’ proposed plan for a new ballpark on the waterfront at Howard Terminal is now estimated at $ 12 billion, of which $ 450 million would be spent on benefits such as affordable housing and would generate approximately $ 1 billion in tax revenue for the city’s general fund, according to reports from the SF Business Times.
With the kind permission of the BIG – Bjarke Ingels Group
A representation of A’s proposed waterfront ballpark
Plans for the new baseball park, as part of a larger mixed-use project that could potentially deliver 3,000 residential units, up to SF 1.5 million in office and life science uses, and SF 270,000 in retail stores, took off after a nearly year-long hiatus after the outbreak of the Coronavirus pandemic is picking up speed. If approved, the project would also provide a stadium with a capacity of 35,000 people, a 50,000 SF venue for up to 3,500 people, a hotel with 400 rooms and 18.3 hectares of open space for the general public.
The draft environmental impact report for the project was published on February 26th. However, the plans have come under fire from groups wanting to see the A’s stay in their current home at the Colosseum, due, among other things, to concerns about the project’s impact on maritime use on the shore. The deadline for public comments on the report was originally April 12, but the city has extended it to April 27.
Dave Kaval, President of Oakland A, told KRON4 that he hopes the city council will hold a hearing in June to approve the project.
Despite the estimated $ 1 billion in tax revenue the project will bring, a proposal by the A to use tax revenue to fund on-site infrastructure work raised the eyebrows of city officials, as reported in the SF Chronicle.
“We need a deal that is good not just for the A’s, but also for the city, that will bring tangible and fair benefits to our residents and that will not leave Oakland taxpayers hooked,” Oakland Mayor Libby Schaaf said in one Explanation.