Post by TheShadow on Nov 12, 2008 19:05:07 GMT -5
charlotte.bizjournals.com
San Francisco Business Times - by Eric Young
Despite challenges to building a new baseball stadium, Oakland A’s owner Lew Wolff said “we can get it done” in Fremont.
Wolff said Monday at a luncheon of the Associated Press Sports Editors that, “We’re getting close to receiving the first drafts of the environmental impact reports,” according to ESPN.com. “We’ve run into lots of things, which every developer does in California.”
Some Fremont resident concern about traffic and public transportation access to the project, for example, has dogged the project.
Still, Wolff cited last week’s election results in Fremont as a development that broke in his favor. Voters in the city re-elected incumbent Mayor Bob Wasserman, a strong supporter of a plan by the Oakland Athletics to build a $500 million stadium surrounded by 3,150 residential units and enough retail and restaurant space to fill almost nine football fields.
In November 2006, the A’s said it planned to move to Fremont, leaving Oakland’s McAfee Coliseum, which the team shares with the Oakland Raiders. The A’s agreed to buy 154 acres from Silicon Valley giant Cisco Systems Inc. (NASDAQ: CSCO) in Fremont about 20 miles south of the team’s current home.
The team has not said when it will break ground on construction. The team would like to begin playing in its new home by 2011.
The stadium will be built with private funds, Wolff said. The economy’s steady decline could make fundraising more difficult than it might have been when the project was first envisioned.
Wolff told ESPN.com, “I think they’re on track. We can’t fault the city,” he said, noting the City of Fremont has been cooperative during the planning phases of a complex project.
San Francisco Business Times - by Eric Young
Despite challenges to building a new baseball stadium, Oakland A’s owner Lew Wolff said “we can get it done” in Fremont.
Wolff said Monday at a luncheon of the Associated Press Sports Editors that, “We’re getting close to receiving the first drafts of the environmental impact reports,” according to ESPN.com. “We’ve run into lots of things, which every developer does in California.”
Some Fremont resident concern about traffic and public transportation access to the project, for example, has dogged the project.
Still, Wolff cited last week’s election results in Fremont as a development that broke in his favor. Voters in the city re-elected incumbent Mayor Bob Wasserman, a strong supporter of a plan by the Oakland Athletics to build a $500 million stadium surrounded by 3,150 residential units and enough retail and restaurant space to fill almost nine football fields.
In November 2006, the A’s said it planned to move to Fremont, leaving Oakland’s McAfee Coliseum, which the team shares with the Oakland Raiders. The A’s agreed to buy 154 acres from Silicon Valley giant Cisco Systems Inc. (NASDAQ: CSCO) in Fremont about 20 miles south of the team’s current home.
The team has not said when it will break ground on construction. The team would like to begin playing in its new home by 2011.
The stadium will be built with private funds, Wolff said. The economy’s steady decline could make fundraising more difficult than it might have been when the project was first envisioned.
Wolff told ESPN.com, “I think they’re on track. We can’t fault the city,” he said, noting the City of Fremont has been cooperative during the planning phases of a complex project.