Five years since signing a lease agreement with the hope of relocating the Oakland A'sÂ to a new ballpark in downtown San Jose, the City Council is poised to renew the land-holding deal for another seven years. Still, prospects of the team moving 40 miles south remain uncertain.
Because the San Francisco Giants possessÂ territorial rights to the South Bay, Major League Baseball hasnât approved the move. Sick of waiting, and worried about losing out on potential economic development opportunity, the city filed a lawsuit against MLB challenging its antitrust exemption.
Regardless, the council on Tuesday will consider a lease option that would cost the Aâs $100,000 over the next four years to hold the land, with three one-year extensions. The deal would also allow the Aâs to buy more land, at $7 million for five acres.
The San Jose contract comes on the heels of a 10-year lease agreement the team signed with the city of Oakland to stay in the Coliseum. But that contract allows the Aâs to move if another spot opens up within the decade.
In a council memo, Mayor Chuck Reed noted the many occasions San Jose has proven its commitment in moving the team to the Diridon Station area. The ballpark was incorporated into the blueprint for future development, the land rezoned and a committee formed to study the project.
A city-commissioned study of the economic impact estimated that the Aâs ballpark would generate more than 1,000 jobs, $5 million a year in tax revenues for local government, more than $85 million of annual spending by fans and some $400 million in private investment to build the park.
More from the San Jose City Council agenda for November 4, 2014:
- A ballot measure that would overturn the cityâs strict new rules limiting pot shops to just 1 percent of the city may take two years to get in front ofÂ voters. Sensible San Jose, a group of marijuana activists, gathered enough signatures to qualify their initiative, which would open up more of the city to cannabis collectives. Itâs up to the council now to either hold a special electionâwhich would cost about $3.5 millionâor delay it to the next general election in 2016.
- Vice Mayor Madison Nguyen will donate the $7,347 leftover from her mayoral campaign to the cityâs general fund.
- Team San Jose, the group that manages the cityâs events and cultural facilities like the San Jose Convention Center, drew 1.3 million people to events in the past year and booked 255,000 future hotel rooms. The group surpassed its fiscal performance and economic impact targets to receive a $350,000 bonus.
- Conservationists are appealing a planning permit toÂ develop seven single-family homes in south San Jose because of the biological impacts grading the land.
WHAT: City Council meets
WHEN: 1:30pm Tuesday
WHERE: City Hall, 200 E. Santa Clara St., San Jose
INFO: City Clerk, 408.535.1260