Sunday September 24, 2023
The Best Employers in Sports Survey is Now Open!

A’s and Oakland Facing Short Timeline to Strike Deal

  • Oakland is seeking additional funds for a $12 billion A's stadium project.
  • The team and city hope to strike a deal before Election Day.
Oakland-A's
Tim Heitman-USA TODAY Sports
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

As he steps down as chair of Fox and News Corp., we discuss his monumental and ongoing impact.
Listen Now
September 22, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

It’s the ninth inning for negotiations between the Oakland A’s and their city.

Oakland is scrambling to secure additional grant money to cover potential cost overruns on infrastructure work related to a planned $12 billion stadium and waterfront development.

  • Under a framework negotiated by the A’s and Oakland, the team would cover the costs of a new stadium and surrounding development, while the city would make infrastructure improvements to roads, train tracks, bike paths, and walkways.
  • The city wrote in a memorandum that it has secured $321.5 million in grants toward the project but is facing “significantly increased” costs.
  • The city applied for a $182.9 million grant from the Department of Transportation’s Megaprojects program, but noted that “based on initial feedback, the city may receive a partial award, or no award.”

While Oakland is loath to make its general fund liable for added costs, it is looking into a limited obligation bond, which would be repaid with taxes on hotel, sales, and parking revenue generated by the project.

Clock is Ticking

To secure the project and ward off a potential move by the MLB team to Las Vegas, Oakland and the A’s still need to reach an agreement. 

City leadership will change next year, as mayor Libby Schaaf is termed out and two council members are abandoning their seats to run to replace her.

City administrator Ed Reiskin said that a deal would need to be struck in the next week or so to allow for a binding vote before then.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

podcast thumbnail mobile
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

0:00
0:00

Featured Today

Deion Sanders with The Rock on ESPN's "College GameDay."

Deion Sanders Generated $45M In Earned Media For Colorado

From Sept.1-22, Sanders generated $45.7M for the public university.
September 23, 2023

Up Next For College Football Playoffs: More Change, Money, And ... Streaming?

Many changes are coming to the CFP when it expands to 12 teams.
September 22, 2023

Warriors Stake Reportedly Up For Sale at $7B Valuation

A 10% stake in the franchise could cost $700 million.
September 22, 2023

Jaguars Threaten Move Without $1B From Jacksonville Taxpayers

The Jagaurs are hoping to renovate TIAA Bank Field for $2 billion.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
It would be the most expensive school stadium ever built in Texas if approved.

A $94M High School Football Stadium Coming In Texas?

It would be the most expensive school stadium ever built in Texas.
The toy brand is opening NERF-themed action parks with battle blaster zones, obstacle courses, sports challenges, and retail.
September 22, 2023

Old-School Fun with a Modern Twist, NERF Delivers Playgrounds

Hasbro is launching NERF-themed entertainment venues in Tennessee and New Jersey.
September 21, 2023

FIFA, Kroenke Clash Over SoFi Stadium's World Cup Revenue Sharing

SoFi Stadium's hosting of World Cup matches may be in jeopardy.
Sports Illustrated's first college town resort will open near the University of Alabama in 2025 with a hotel, condominiums, fitness center, and other amenities.
September 21, 2023

Sports Illustrated Expands Its Footprint with College Town Resorts

SI's first sports-themed resort will open in Tuscaloosa, Alabama.
RFK
September 20, 2023

RFK Stadium Bill Advances in Congress

Congress' vote is the first step towards returning the NFL to D.C.
USL Championship side Oakland Roots home soccer field
September 20, 2023

As Sports Teams Exit Bay Area, Pro Soccer Gains Notable Win

The USL club Oakland Roots could be close to building a new stadium.
T-Squared Social joins PopStroke as golf entertainment venues backed by Tiger Woods.
September 20, 2023

Tiger Woods, Justin Timberlake Tee Off Sports Bar in NYC

T-Squared's Manhattan location includes a bowling alley and Full Swing simulators.
RFK
September 18, 2023

Congress Set to Debate Bill Crucial to D.C.’s Effort to Land Commanders

Congress will debate a bill enabling the redevelopment of the RFK Stadium site.