Oakland — Oakland City Council made clear Tuesday that they want the financial terms for A’s proposed waterfront ballpark project to look like, but it’s not clear if it will be enough to keep the team on the negotiating table and in Oakland.
Even after publicly proposed amendments by city staff and council members that would guarantee that A would not have to pay for infrastructure funding around the proposed ballpark and development at Howard Terminal, A’s team chairman Dave Kaval said. rejected the terms of the city.
“Even with these amendments, the current Team Sheet A consensus is not there,” Kaval said after praising City staff for working hard to prepare the latest proposal. “From our point of view, this is not a term sheet that works for A. We had a term sheet that we originally proposed. … The current term sheet as it is constructed is a commercial Partnerships are not what works for us.”
The response was a blow to the city council, who expressed their disappointment that A said they would not come on board with the latest iteration of the terms.
“I’m not quite sure why we’re even here today,” said Carol Fife, representing District 3, where the ballpark’s proposed future home at Howard Terminal is located. “The number of hours it took to produce this document, plus the nearly three hours of public testimony, is only a fraction of the investment made in the process. … If the city isn’t happy even after leaning backwards .. . Even if these wealthy owners don’t have to pay for the infrastructure. I don’t know where we go from here.”
Fife refrained from voting on the draft terms, which were approved by a majority of the city council. Other city council members hoped that A would return to the negotiating table to continue discussing financial terms that could be finalized later in the year.
However it is not clear whether this will happen or not.
A had sought City Council to vote on a proposed term sheet that the team unveiled publicly in April. Despite that no final vote on sealing the terms can be taken until a draft environmental impact report is ready for approval later this year, Kaval said the team needs to know. What is needed is whether the city council “shared the vision” the team had for the project, and requested a vote before the council’s summer break.
Now that the city council has approved the terms its employees have recommended, it is up to A to decide whether they will continue to negotiate with the city or move to a new city, as Kaval threatens. has given.
Check back for updates on this developing story.