A’s open to negotiating elements of ballpark project term sheet, Dave Kaval says




The A’s would be willing to negotiate elements of the term sheet for their waterfront ballpark proposal in Oakland, which the City Council is expected to vote on next month, team president Dave Kaval said.

Kaval, on a KGO-TV segment Friday, was asked if the A’s are open to negotiating the amount of project-generated tax revenue included in their plan to finance the overall $12 billion project, which includes a ballpark at Howard Terminal and accompanying mixed-use development.

The term sheet calls for the city to create two enhanced infrastructure financing districts, one around the Howard Terminal site and one covering much of the surrounding waterfront area, with some tax revenue generated going toward paying the A’s back for infrastructure costs.

The term sheet estimated that $855 million in tax revenue would be used to repay the A’s for on-site and off-site infrastructure upgrades. Kaval was asked Friday if that figure is negotiable.

“Well you have to remember that some of the numbers are based on what the city has asked us to do,” Kaval told KGO-TV. “So they’re not our numbers, it’s really the city, especially on the off-site infrastructure deciding that certain amounts of dollars in Jack London Square especially need to be invested. And many of these things are deferred maintenance on the city in general. So, it’s something that obviously could be negotiated with the city in terms of what’s necessary at what time.”

Kaval also indicated a willingness by the A’s to negotiate elements of the term sheet in a phone interview with The Chronicle.

“We’ve been in constant negotiations with the city’s negotiating team on our proposal,” Kaval said. “(Our proposal) is really the limit of what the project capital can bear in this. That doesn’t mean there can’t be ways to modify around the edges. But we really stand by the robust nature of what we proposed — $450 million in community benefits, $1 billion to the general fund, us paying for the ballpark and fronting all the infrastructure money on-site. We think it’s a really robust offer.”

The A’s proposal includes a $1 billion ballpark — paid for through private financing and project-generated revenues — and development including housing, office and retail space. Their term sheet states the $12 billion project would generate $450 million in community benefits through affordable housing and infrastructure improvements and add $955 million to the city’s general fund.

Oakland’s City Council is scheduled to vote on the non-binding term sheet July 20. Last month, the city asked Alameda County to join the project, requesting supervisors approve the county contributing incremental property taxes generated by a Howard Terminal district to the costs.


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