There is growing public scrutiny of the deal the Oakland A’s are offering to the city in a proposal, released the end of April, to “privately fund” the building of a $1 billion ballpark and a massive $12 billon real estate development, almost a city within a city, on the waterfront at Howard Terminal and Jack London Square in downtown Oakland.
The Oakland A’s “term sheet,” released on April 23 and available at www.mlb.com/athletics/oakland-ballpark/community-report, proposes a construction project that, in addition to a 35,000-seat waterfront ballpark, would feature 3,000 units of mostly market rate housing, a hotel, an indoor performance center and 1.5 million square feet of offices and 270,000 square feet of retail space, as well as a gondola to transport fans over the I-880 freeway.
Many of the details of the proposal are vague, and there are many unanswered questions about how much this project will cost Oakland taxpayers and what benefits the city would ultimately see.
Among those who raised questions was Mike Jacob, vice president and general counsel of Pacific Merchant Shipping Association, an opponent of moving the A’s to Howard Terminal.