More “Facts” and “Figures” on the Soccer Stadium Deal
On page one of the “Fiscal and Economic Impact Major League Soccer Stadium Proposal Report” we read:
The City of San Jose is currently reviewing a request by the Oakland Athletics to develop a Major League Soccer Stadium for the San Jose Earthquakes as part of a new mixed-use development at the Airport West site. It is anticipated that the Stadium will be owned by the City and leased to the Oakland Athletics. While this arrangement will not generate property tax revenue to the City’s General Fund, the lessee will be required to pay possessory interest tax to the City.
QUESTION: Why are the Oakland A’s involved here?
