From the start of the project, the Oakland A’s have said they will pay for the waterfront stadium on what is now Howard Terminal in Oakland with private funds. Well…that statement is not true by any measure.
The A’s estimate the stadium and residential, retail and hotel development will cost $12B in total.
The A’s will pay for the estimated $360M on-site infrastructure improvements through an “infrastructure tax district.” This district requires property taxes that would normally go to the city and county be redirected to the A’s organization instead.
The city will have to pay for off-site infrastructure improvements estimated at $495M. The city has applied for $321.5M in grant funding to offset the costs. Nevertheless, the grants are insufficient not to mention the costs are rising quickly.