It would be silly to devote a post to every single new tidbit that comes out, so I’ll do one of those rare newswraps here.
- The East Bay Express’s Robert Gammon reported that the previous group showing interest in buying the A’s (Don Knauss, Doug Boxer, Mike Ghielmetti) is back again talking up buying the franchise. This time, they’re not alone. There could be up to three groups, including one fronted by Warriors owners Joe Lacob and Peter Guber. Lacob and Guber were previously associated with the Dolich-Piccinini group in 2001. Lew Wolff continues to maintain that the team is not for sale.
- Bill Shaikin of the LA Times partly shot down the Warriors connection when he contacted Guber, who said unequivocally that he’s not interested in the A’s. Lacob and others may be interested, though Lacob is not commenting at the moment.
- BANG’s Marcus Thompson wrote a quite stirring column asking Oakland to act now to save the A’s in Oakland. Thompson also asked many of the important questions about both Howard Terminal and Coliseum City that currently have no answers.
- SFGate has a new editorial imploring MLB to make a decision, once and for all. In the column is a quote from Wolff claiming that Howard Terminal’s cost would be more than $1 billion.
Pretty heavy news day, huh? Well, not according to KCBS’s Doug Sovern.
— Doug Sovern (@SovernNation) December 18, 2013
Is there actual news to report? Why yes there is!
- The FCC is moving forward with its proposal to eliminate TV blackouts of sports broadcasts. The proposal mainly targets NFL games, so naturally the NFL opposes it.
- The 49ers struck a partnership with fellow Santa Clara resident Intel for a major sponsorship & technology deal. Intel will provide a great deal of tech infrastructure while taking control of the big northwest gate.
Finally, Bizjournal’s Nate Donato-Weinstein has been tracking the iStar development and has an update. If you’re not aware, iStar is a developer and land owner tied to the Earthquakes stadium project. While the stadium is going up west of San Jose Airport, the iStar land is in South San Jose’s Edenvale neighborhood. The plan was to take some of the proceeds of various development activities at iStar and funnel them towards the stadium. The numbers:
- 260,000 square feet of office space
- 150,000 square feet of retail
- 720 housing units
- $10 million would be funneled to the stadium
Those numbers are important because they can provide a comparison to what is being proposed at Coliseum City.
- 837,000 square feet of office space
- 265,000 square feet of retail
- 837 housing units
- 2 hotels comprising 478 units
iStar went through numerous struggles and iterations as the recession ravaged the real estate market. Now that things are on the rebound, projects like iStar are picking up again. It’s surprising that despite the fairly large scope of the project, only $10 million is being made available. That’s
one-sixth one-seventh the $60 $70 million budget for the Earthquakes stadium. Now consider that Coliseum City, whose Area A phases cover comparable development plans (other than the much greater office space) over a very long timeline. How much could the development activity realistically provide? $50 million? $100 million? While revenue sharing formulas will probably be different, there is a practical limit before eating into profitability. The Raiders stadium will cost more than 15 times as much as the Earthquakes’ new digs. Bridging the gap is the foremost issue for these stadium initiatives. Without that puzzle solved, there really isn’t much else to talk about.