Lewis Wolff, the co-owner and managing partner of the Oakland A's (read The Biz of Baseball interview with Wolff here) met with the Fremont City Council last night giving the Council a 60 page report (read here in PDF) conducted by Economic Research Associates touting the economic impact that Wolff's proposed 143-acre Ballpark Village would generate. Not surprisingly, the report is skewed heavily toward the benefits of the ballpark and the ancillary development showing, among other details, the honeymoon effects of new ballparks built. Matters such as how public resources such as police, fire, and other services would be off-set is not covered. Taken in total, it’s clearly not a wholly “independent” report by ERA; it’s designed to work to the A’s favor. As reported by the Fremont Argus:
Titled the "Ballpark Village Economic Analysis," the report also says the village would:
-Create about $109 million in direct economic impact to Alameda County.
-Create about 1,760 jobs within Alameda County and generate more than $191 million per year in county economic output, when including indirect effects and other economic impacts of the project.
-Generate more than $10 million in development fees for the Fremont Unified School District.
- Generate more than $3.6 million per year for Fremont's general fund balance.
-Generate more than $15 million annually for the city's Redevelopment Agency, in the form of property tax increments and set-aside funds for low- and moderate-income housing.
Wolff told council members that the team would cover any ballpark cost overruns. And the A's will pay the city of Fremont $1 million annually to support city services connected to the project, according to the report.
What did not come at the meeting was the much anticipated development application for the project. Wolff has said he will file the application once the deal to purchase the 143 acres from Cisco Systems is completed. When asked if he planned on filing soon, Wolff replied, “No.” Asked if he had a target date in mind, “I wish I did,” a smiling Wolff was reported to say.
To see artist renderings of Cisco Field, select this link on The Biz of Baseball