News for 1/8/13
The days are starting to get longer, and we’re five weeks from pitchers and catchers reporting. Huzzah.
- The Alameda County Board of Supervisors is scheduled to meet in closed session today to talk about the Raiders’ lease. I wonder if they’ll also take up Lew Wolff’s recent request for an extension. [East Bay Citizen/Steven Tavares]
Alameda County Board of Supervisors to meet in closed session Tuesday with @raiders over Coliseum lease.
— East Bay Citizen (@eastbaycitizen) January 8, 2013
- The Coliseum Authority hasn’t yet published its annual financials. In the past two years, that document has been available the first week of the year. Perhaps that will come out later today as well. The next open meeting is scheduled for 1/25.
- The City of Oakland lost $3 million in previously used redevelopment funds to the state. That may cause a series of layoffs or other cuts. [SF Gate/Matthai Kuruvila]
- Lew Wolff had a no-news interview in this week’s Silicon Valley Business Journal. (Note: “San Jose” has been dropped from publication title) [SV Business Journal/Greg Baumann]
- Wolff’s real estate investment company Maritz Wolff sold another hotel last month. This time it was the Ritz Carlton in the St. Louis suburb of Clayton, MO. Price was not disclosed. In case you weren’t aware, Phil “Flip” Maritz, Wolff’s longtime partner, has a minority stake in the A’s. [St. Louis Post-Dispatch/Tim Bryant]
- Dodgers ownership is said to be split on whether to partner up with Fox or Time Warner on a new RSN deal that could be worth upwards of $6 billion. [LA Times/Steve Dilbeck]
- The Mets completed $450 million of desperately needed debt refinancing and got an infusion of $160 million that is expected to be used on day-to-day operations. The team now has $700 million in debt against the Mets’ network SNY alone. More analysis of the Mets’ financial picture here. [NY Times/Richard Sandomir | Capital New York/Howard Medgal]
- Out of the fiscal cliff bill news was an item that aroused anger: $78 million in tax breaks for NASCAR racetracks. The crux of the deal is that track owners can accelerate writing off their investments in seven years as opposed to fifteen. [NY Times/Mary Pilon]
- Virginia Beach Mayor Will Sessoms’ deadline seemed to come and go without an arena deal. He is expected to make a statement later today. Update 8:00 AM – Sessoms has declared the project dead for now as the city will not go to the state General Assembly to request $150 million in arena funding. [WAVY-10/Mila Mimica, Virginian-Pilot, Aaron Applegate]
- San Diego power players including Steve Cushman are turning their attention to either a new or revamped Qualcomm Stadium at the current Mission Valley site. The new vision looks a lot like the Coliseum City plan, but with a large residential component. I think they could accomplish quite a bit at Qualcomm just by demolishing and rebuilding only the lower deck. [San Diego Union Tribune]
- Talks are heating up to bring the Washington Redskins back to the District from the Maryland suburbs. There’s supposedly no public money to draw from as the District is running up against its own debt ceiling. That doesn’t mean someone couldn’t hatch his own Coliseum City plan at RFK. An idea being discussed is the sale of the Brutalist headquarters of the FBI, moving the Bureau out to the FedEx Field site, then taking the proceeds of land sales and development proceeds to build the new stadium at RFK. One of the people leading the charge: Marion Barry, who is on the DC City Council. [Washington Post/Tim Craig]
- The Merc Editorial Board laments the true victims of the dysfunctional relationship between the NHL and its players, the businesses and workers near HP Pavilion. [SJ Mercury News]
More as it comes.