Fred Blackwell may end up having his cake and eating it too. Weeks after shocking the City of Oakland with his announcement that he would take the CEO position at the San Francisco Foundation, the Trib reports that Blackwell may end up taking a consulting position to oversee the Coliseum City project. It’s not clear if Blackwell negotiated his availability with SFF or if the JPA will even approve the side gig. Regardless, Blackwell would be valuable to have with the project, even if he isn’t necessarily a decision maker. Then again, considering he’s pulling down $344k per year with SFF and was paid pretty well as Oakland City Administrator, perhaps he should take the gig on a volunteer basis. What better way to show your commitment, eh Fred?
In the same article, JPA board member and Oakland City Councilman Larry Reid continued his Debbie Downer attitude about Coliseum City, especially the developer/investor group BayIG.
As far as the project is concerned, Reid said progress is hard to find. The city still hasn’t been able to sign an exclusive negotiating agreement with their new development team because of a payment dispute with a former development partner.
It’ll take $100k to jettison Forest City. This should not be that difficult. The lack of progress comes in the form of the lack of commitment (the notorious “letter of interest” from the Raiders) and some deliverables, which have slipped on occasion. Still, they’ll continue to plow ahead. What choice do they have?
Then there’s this:
— Matthew Artz (@Matthew_Artz) June 7, 2014
The first question that most will ask after this is, Is there an escape clause? Chances are that there is, beyond the fifth year. That’s what Lew Wolff wants. Mayor Quan and others on the City Council have preferred no out clause, and could vote down the extension after the JPA approves, but can you imagine how bad that would look? Especially with the mayoral race now in gear? Better to compromise and kick the can down the road than to cause yet another scene. And if there is no escape clause, I imagine that MLB wouldn’t approve it (they have to review and approve all team stadium leases). Given the state of the Coliseum, the league would want to retain flexibility for the A’s. That wouldn’t come with a 10-year, no-escape lease.
Lew Wolff has been steadfast in his stance that no future stadium talks can occur with a lease first. That’s the opposite of what Mark Davis is seeking, a stadium deal before the next lease for the Raiders. Davis said in April that a 10-year lease would make it tough for the Raiders to build at the Coliseum. Things might be a little easier if there’s an out clause, since the A’s could simply vacate when it comes time to start construction on a Coliseum replacement, whether it’s on the current Coliseum footprint or elsewhere in the complex. The current plan calls for the Coliseum to remain in use while two stadia go up alongside it. Beyond the obvious questions about parking availability, there’s still a major concern about making the financials work out. There are whispers that BayIG may not foot the bill, not so much because they can’t afford it but because the funding gap is so huge that it cuts heavily into their profit projections. And that may be the case with just one stadium, never mind the replacement ballpark. I expect the one year deadline to get pushed out by six months because of all the details and complexity. Will Davis hang in there? He already considers this stage the 11th hour.