A's To Buy $20+ Million In San Jose Real Estate?
by BWH on Oct 18, 2011 11:44 AM PDT
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PrintFrom the Silicon Valley Business Journal:
San Jose city officials are scheduled on Tuesday to discuss the proposed sale of several parcels of land in preparation for a new Oakland A's stadium.
More from the SVBJ:
San Jose City Council members, acting as the San Jose Diridon Development Authority, are scheduled to discuss pricing and terms for the six parcels that the city owns near Diridon station. They make up about half of the 14 acres where the A's new home park would be built.
The Chronicle is adding that the land will be in the $24 million range:If this sounds like a lot of money for a project that has neither been approved by the voters of San Jose nor Major League Baseball, you wouldn’t be wrong. But it’s all part of Wolff’s plan to put "as many ducks in a row" as he can.
Two other parcels owned by AT&T and a Los Gatos family will have to be acquired by the A's if the stadium is to be built.One of MLB commissioner Bud Selig’s main sticking points for not approving Oakland’s plan to move to San Jose has been the absence of a lot. Soon — if the deal goes through — that may no longer be an issue.
It appears that after many long (looooong) years we may be seeing a lot of movement very quickly on the San Jose territorial front.
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Nice find
I cant wait for the WS to end so we can finally get a decision. I prefer San Jose but if it doesnt happen we can at least look forward to a new ownership group coming in and make Oakland happen.
"Sports don't build character, they reveal it." -John Wooden
Who will pay for it, that is the question.
Oakland won’t, and no one will be able to fund a stadium in Oakland privately.
Even a blind squirrel is right twice a day.
Yep
Which is why I fear a “no” on San Jose will pave the way for the A’s eventual exit from the region be it when their lease runs out at the Coliseum or 10 years from now.
Don't know
I don’t know if anyone would… Maybe a Larry Ellison type would come in and make something amazing happen. I have no proof of anything like that even possibly happening, its just a hope.
"Sports don't build character, they reveal it." -John Wooden
no. No he won't
If a superfan with the mega millions lotto, two weeks in a row, and has enough cash to a) buy the team and b) privately finance a stadium, maybe.
No business person will act appreciably differently than Lew wolff.
We yet enjoy little to be envied, but endure much to be pitied.-Thomas Dudley
Still not sure if that would be enough.
Granted if I won, say, $5 Billion in cash outright after taxes or something, hell yeah I’d buy the A’s and pay for a stadium with my own money.
Official Athletics Nation Rotating Tagline Editor - Pam liked my old sig better.
My thoughtful watermelon is easily mistook for an early American catapult.
DURRRR THEY’RE TOO OLD, BABIP IS TOO HIGH, TOO MANY Ks, DURRRRRR
by mikev on Oct 20, 2011 3:24 PM PDT up reply actions 1 recs
...and still live like a king for the rest of your life.
"Trying not to rec a "F**k the Giants" post is like trying not to look at boobs."
totally
Official Athletics Nation Rotating Tagline Editor - Pam liked my old sig better.
My thoughtful watermelon is easily mistook for an early American catapult.
DURRRR THEY’RE TOO OLD, BABIP IS TOO HIGH, TOO MANY Ks, DURRRRRR
3 girls?
Just to amplify my thought, look at paul allen and the Seahawks. He built a new publicly financed stadium (and leaving the public with debt from the kingdome). He is a rich guy that likes vanity stuff and he STILL didn’t pay for a new stadium in his own.
We yet enjoy little to be envied, but endure much to be pitied.-Thomas Dudley
3 would be overload.
but yeah. Most people who are obscenely rich have become so BECAUSE they make other people spend hundreds of millions of dollars on stadiums instead of doing it themselves.
Official Athletics Nation Rotating Tagline Editor - Pam liked my old sig better.
My thoughtful watermelon is easily mistook for an early American catapult.
DURRRR THEY’RE TOO OLD, BABIP IS TOO HIGH, TOO MANY Ks, DURRRRRR
Fuckin A', dude.
Fuckin A
Official Athletics Nation Rotating Tagline Editor - Pam liked my old sig better.
My thoughtful watermelon is easily mistook for an early American catapult.
DURRRR THEY’RE TOO OLD, BABIP IS TOO HIGH, TOO MANY Ks, DURRRRRR
This was noted last week in the Merc
Wolff was going to use his own money to buy up the remaining parcels and then buy the other lots from the city. The city then would either reroute the money from the land sale to the redevelopment agency or to its own coffers, but that hadn’t been decided yet.
But if Wolff does decide to buy up the two parcels, the sale of the other lots to him would still need to be approved by the voters in addition to any referendum on a new stadium.
I don't see how voters would reject something that said
“sell unused land to developer for $24M.” It’s merely a formality, if you ask me.
"I'll guarantee this: The A's will have a better season in 2012." - George Zimmer
by cuppingmaster on Oct 19, 2011 8:25 AM PDT up reply actions
I know very little about the S.J. project....
compared to those with their ears to the ground on the subject. Is this an indicator things may be turning around for us in regard to a new stadium?
"-i never said half the things i said." --Yogi Berra
I see it more as a barrier being removed
If Lew WOlff can walk into Bud Selig’s office (I know it doesn’t work that way) and say, “Look, the EIR is done in San Jose, I own the rights to the dirt and I have the SVLG lined up for sponsorships, tickets and Cisco for naming rights” it makes the deal a whole lot easier to see.
That and it makes the deal easier to sell to the other owners
When they have to vote on it. However you can also make the argument, and some have, that Wolff wouldn’t buy the land unless he had the inside track on how Selig was going to decide on the issue. And it could track too given public statements Wolff, Beane, and the owner of the Rays have made recently which seem to point toward the A’s situation being decided in a positive way for the A’s this winter (and the only way it’s resolved this winter is if San Jose is approved). So we’ll see. The next 4 months will be interesting.
Yeah it was less Beane's comment
And more Wolff’s and Sternberg’s about 2 weeks ago.
by athletics68 on Oct 19, 2011 10:06 AM PDT up reply actions
The only problem with that logic
is that Lew isn’t actually buying anything. He is just getting options on the land. Options which he hopes to exercise, but still he hasn’t really purchased the land. So one could argue, if he really knew he would just buy the land outright.
Can't we buy Albert Pujols instead?
I will promise to walk him every day. (Heck, it’s what opposing pitchers do.)
I like Cindi. A. She never pretends to know more than she does. B. She has unbridled enthusiasm for her "Hotties," and isn't afraid to show it. -IM4Oakgal
by Nico on Oct 19, 2011 9:23 PM PDT reply actions 2 recs
He would be a much better investment.
I’ll give him free room and board on vacations to Yosemite.
"Trying not to rec a "F**k the Giants" post is like trying not to look at boobs."
I Will Make Him Pancakes
Everybody needs some of those.
by Jason James on Oct 21, 2011 9:12 AM PDT up reply actions 1 recs
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