Archive for December, 2011

Will reason win out?

In light of the big redevelopment news, it might be easy to forget that there was plenty of other news from earlier in the week. Susan Slusser’s article featuring Peter Magowan had a poll attached. Normally I don’t bother with polls (notice how there haven’t been any on this site for a long time). In [...]

Taking stock as the post-redevelopment era begins

It’s never too early to declare winners and losers that were made as a result of today’s earthshattering news. First the losers: Backers of the Victory Court site. The site was heavily dependent on tax increment (redevelopment funds) to buy the land and pay for improvements. Now that’s out of the question. The City of [...]

Official: Redevelopment is DEAD

This story will be updated throughout the day as analyses and reactions come in. News links: Howard Mintz, Mercury News - California Supreme Court allows redevelopment money grab Maura Dolan, LA Times - State Supreme Court upholds abolition of redevelopment agencies Roger Showley, SD Union Tribune - Redevelopment dead, court says Reaction from cities (via BANG) John Myers, KQED [...]

Wolff finalizes Hotel Sainte Claire purchase

As mentioned at the beginning of the month, an investor group including Lew and Keith Wolff has purchased the Hotel Sainte Claire in Downtown San Jose from Larkspur Hotels and Restaurants. The final price is reportedly under $18 million ($105,000 per room), a major discount from the market value of $34-42 million ($250-300,000 per room) [...]

Redevelopment Court Ruling Thursday

We interrupt our usual flow of rumors, allegations, and unnamed sources for some actual news: the Merc’s Howard Mintz reports that the California Supreme Court is set to rule on the fate of redevelopment tomorrow morning at 10 AM. During the hearing, I felt there was the distinct possibility that redevelopment could be eliminated entirely. [...]

Reminder: Athletics After Dark interview

I just finished my interview with Athletics After Dark‘s Dale Tafoya. It lasted a little less than a half hour, which is how long AAD’s episodes usually run. The episode is up. Enjoy. Update 12/27 5:40 PM – A report at MLB.com has Lew Wolff saying there is no movement on the stadium front yet. [...]

The Payoff

Update 12/27 5:40 PM – A report at MLB.com has Lew Wolff saying there is no movement on the stadium front yet. Yet. Update 8:54 PM – Interviewed by Rick Tittle and John Dickinson on The Game (MP3), Bob Nightengale has the estimate at $50-100 million, which would fall in line with the other cases listed [...]

Merry Christmas

Update 11:18 AM: I’ll be on Athletics After Dark with Dale Tafoya Tuesday. You can guess what we’ll be talking about. I’m embedding a couple few of my favorites. Consider this an open thread. and… Enjoy the day, everyone.   Share this:

Rosenthal: A’s not on January agenda, push forward anyway + Nightengale scoop

I’ll let Ken Rosenthal’s words speak for him: In mid-November, I reported that baseball was trying to accelerate a decision on whether to allow the A’s to relocate to San Jose and that a meeting between commissioner Bud Selig and San Francisco Giants officials would take place within two weeks. That meeting still has not [...]

The new Moneyball is… Money

Consider for a moment: the $51 million posting fee paid by the Rangers for the opportunity to negotiate a contract with Japanese pitcher Yu Darvish will surpass the entire 2012 A’s payroll by $15-20 million. We’ve heard enough about the big moves the Angels made. The Mariners are debating whether or not to sign Prince [...]