Status of Cisco Field?

by ChadGod on May 31, 2008 2:34 PM PDT

Hi AN,

I have a friend looking at stadium financing projections for an economics course. He is trying to find out what portion of the complete stadium proposal (Cisco Field + the adjacent community village around the stadium) will be financed by Fremont tax dollars? He has scoured the internet searching for this information and asked if I might know something...well, I don't, but I do know that the collective database that is the AN community often does, so if anyone has any information about this I'd be greatly appreciative, thanks.

Also, while looking at the stadium proposal, it is interesting to note that most of the financing will not be for the stadium itself, but for the production of residential neighborhoods (mostly townhouses), commercial sections for retailers and restaurants, and schools.

Who knew.

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Check here:

http://newballpark.blogspot.com/

But the short answer is that none of the stadium project will be financed by tax dollars.

by Zonis on May 31, 2008 2:46 PM PDT reply actions

That is not to say that Fremont will not face a financial obligation to the Ballpark Village

But that cost will come in the form of infrastructure that comes with added population. A few more police officers, school faculty, and then presumably road maintenance in the future once the things complete.

by Zonis on May 31, 2008 2:48 PM PDT up reply actions

In the FAQ he put up, he says this

6. What’s Fremont paying for the ballpark?
As it stands, nothing. Fremont’s role is to approve land rezoning that the A’s want (industrial-to-residential/commercial) to build 3,000+ homes on land previously owned by Cisco and ProLogis. The increase of property value for the land (225 acres) would mean increased profits from the sales of housing rights. A portion of those profits would be used to pay for the ballpark.
There is some amount of additional infrastructure that needs to be built to support the project: a school, public park(s), possible pedestrian paths, trails, or bridges. It is uncertain what the cost of such facilities will be or who will bear the cost. The cost of building streets, sewers, and running utilities is typically borne by the developer.
Cisco also has a 30-year, $120 million naming rights and technology deal with the A’s for Cisco Field.

by Zonis on May 31, 2008 2:49 PM PDT reply actions

FieldofSchemes.com

Check out Field of Schemes, which has tons of information about stadium economics.

Also, I believe the A’s will get some hefty tax breaks on the stadium—so while no tax money might be “going to” the stadium, it’s still “costing” the tax revenue. That’s my impression, at least, but things could have changed.

by rageon on Jun 1, 2008 7:59 AM PDT reply actions