Downsizing Oakland Howard Terminal Ballpark Without Knowing About It Is Brainless
Downsizing Oakland Howard Terminal Ballpark Without Knowing About It Is Brainless - Video
Downsizing Oakland Howard Terminal Ballpark Without Knowing About It Is Brainless Talk and media about "downsizing" The Howard Terminal Ballpark Project is the most ridiculous, stupid, and just plain brainless take on the whole development - let alone anything I've seen in my 33 years of experience in economic development from a government, political, and media perspective. First, in truth, the Oakland Howard Terminal Ballpark Project can't be downsized? Why? Because the $12 billion reported project cost, really isn't that at all, it's a wish list of buildings that the A's would like to see fill the allowed zoning envelope. That's it. As I have said to Oakland A's President Dave Kaval both privately and publicly, it was a major error of messaging to mention the $12 billion final buildout to a media and public completely inexperienced at understanding what that really means. What is means is that the only building the A's, the City of Oakland, and The Public can count on to be built is the stadium itself. That giant combination of futuristic structures in the artist rendering exists as a kind of economic development IQ test - and the local media that claims its informing has scored in the single-digits. Why? Well, other than yours truly, no one else figured out that $12 billion of building development in a tax increment financing zone would yield far more than $1.4 billion if one does the TIF math. But one publication, The East Bay Times, did make that giant error. The real revenue throw-off for the final buildout version is $9.5 billion - a lot more than $1.4 billion. Let me help raise that poor media I.Q. The Oakland A's have not and will not secure financing to build those structures, and by its own admission, does not have a clear idea what kind of specific use each one will serve. But the media has never bothered to ask Dave Kaval about the plans for those buildings - just left the matter alone. Not me. There are no concrete plans or financing for those buildings. Not now. So, to talk of "downsizing" the project, when there's nothing, in point of fact, to reduce, is just plain stupid. Moreover, to compare it to the African American Sports and Entertainment Group's (AASEG) proposal is even more brainless, and show that the people who make such comparisons do not understand or have read SB 293 Skinner, the financial legislation that governs the use of tax increment financing at Howard Terminal. That SB 293 Skinner Bill signed by California Governor Gavin Newsom October 11th, 2019, calls for the new Oakland Development Agency that the City has not lifted a finger to create to identify other satellite TIF districts around Oakland that can be the focus of development projects. Guess what? That can include the Coliseum property AASEG wants to purchase. That's right. The Howard Terminal Ballpark District;s legislative design is such that it can give rise to the financing of the AASEG Coliseum City Development. Moreover, it can cause the much needed East Oakland sea-level rise problem to be appropriately mitigated. So, do the world a favor folks: know the Howard Terminal Ballpark Project before blasting off to be critical of it. Thanks. Stay tuned.
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https://youtu.be/bbXEyq6ZMk4
Downsizing Oakland Howard Terminal Ballpark Without Knowing About It Is Brainless Talk and media about "downsizing" The Howard Terminal Ballpark Project is the most ridiculous, stupid, and just plain brainless take on the whole development - let alone anything I've seen in my 33 years of experience in economic development from a government, political, and media perspective. First, in truth, the Oakland Howard Terminal Ballpark Project can't be downsized? Why? Because the $12 billion reported project cost, really isn't that at all, it's a wish list of buildings that the A's would like to see fill the allowed zoning envelope. That's it. As I have said to Oakland A's President Dave Kaval both privately and publicly, it was a major error of messaging to mention the $12 billion final buildout to a media and public completely inexperienced at understanding what that really means. What is means is that the only building the A's, the City of Oakland, and The Public can count on to be built is the stadium itself. That giant combination of futuristic structures in the artist rendering exists as a kind of economic development IQ test - and the local media that claims its informing has scored in the single-digits. Why? Well, other than yours truly, no one else figured out that $12 billion of building development in a tax increment financing zone would yield far more than $1.4 billion if one does the TIF math. But one publication, The East Bay Times, did make that giant error. The real revenue throw-off for the final buildout version is $9.5 billion - a lot more than $1.4 billion. Let me help raise that poor media I.Q. The Oakland A's have not and will not secure financing to build those structures, and by its own admission, does not have a clear idea what kind of specific use each one will serve. But the media has never bothered to ask Dave Kaval about the plans for those buildings - just left the matter alone. Not me. There are no concrete plans or financing for those buildings. Not now. So, to talk of "downsizing" the project, when there's nothing, in point of fact, to reduce, is just plain stupid. Moreover, to compare it to the African American Sports and Entertainment Group's (AASEG) proposal is even more brainless, and show that the people who make such comparisons do not understand or have read SB 293 Skinner, the financial legislation that governs the use of tax increment financing at Howard Terminal. That SB 293 Skinner Bill signed by California Governor Gavin Newsom October 11th, 2019, calls for the new Oakland Development Agency that the City has not lifted a finger to create to identify other satellite TIF districts around Oakland that can be the focus of development projects. Guess what? That can include the Coliseum property AASEG wants to purchase. That's right. The Howard Terminal Ballpark District;s legislative design is such that it can give rise to the financing of the AASEG Coliseum City Development. Moreover, it can cause the much needed East Oakland sea-level rise problem to be appropriately mitigated. So, do the world a favor folks: know the Howard Terminal Ballpark Project before blasting off to be critical of it. Thanks. Stay tuned.
via IFTTT
https://youtu.be/bbXEyq6ZMk4
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