Today’s hearing for Santa Clara County and the City of San Jose may set the stage for a proper settlement between the two parties over $62.9 million in redevelopment funds owed to the county. The Merc’s Karen de Sá has the details, including this bit from County Supervisor Dave Cortese, who has long been a ballpark backer:
“This is what we call a straight breach of contract, it’s not that much different than if somebody got behind on their car or house payments — you gotta settle up,” said board president Dave Cortese. “The difference is, this isn’t money for a car payment, this is money that needs to go toward all the services the county provides, everything from emergency rooms to a regional park service, libraries and courthouses. There’s no end to the hardship that would result in us being out of pocket $63 million.”
City Attorney Rick Doyle is among those who believe a deal can be reached by Wednesday, which is when the State Legislature is supposed to hear the new budget proposal.
Santa Clara is set to wrap up its work to protect RDA funds for the 49ers stadium project tomorrow.
San Diego is considering a Diridon-like transfer of 135 RDA-owned properties to the City.
Longtime NY Times baseball writer and anti-blog curmudgeon Murray Chass keeps up the weekly trickle of nationally-sourced articles pushing for the A’s to move south. This one follows a widely used AP piece last week. I sense a strategy in there… Chass’s column comes two years after a similar entry at his site, the difference this time being the appearance of Bill Neukom on the scene.
Jonah Keri’s new book about the Moneyball-style rise of the Tampa Bay Rays is out. The book is titled The Extra 2%: How Wall Street Strategies Took a Major League Baseball Team from Worst to First.
Added 3/15 1:00 AM – In Sunday’s edition of the Chronicle, Matier and Ross reported that Denver attorney Paul Jacobs was hired by Oakland to be its lead negotiator for the Victory Court project. The $455 per hour hiring, which wasn’t publicized immediately because it was done in closed session, is a big deal because Jacobs is prominent in the Western US for working on stadium deals. His biggest claims to fame are his role in putting together the resources that eventually created the Colorado Rockies, and the ballpark and land development deal around PETCO Park. As is often the case in the stadium game, Jacobs isn’t batting 1.000. More recently he worked on the aborted Pacific Commons project in Fremont and was retained by the City of Oceanside in its efforts to figure out a football stadium deal for the Chargers. One thing I’m curious about is whether or not the firm Barrett Sports Group was brought in. The last two links include mentions of Barrett Sports Group, the “other half” to Jacobs, with both hired as a package deal of sorts. Jacobs handles the real estate stuff, while BSG takes care of facility planning and financing. BSG counts A’s and Giants ownership as two of its many current or former private sector clients.