Oakland A’s release financial proposal for Howard Terminal stadium

The ongoing saga of the Oakland A’s new stadium is getting closer to the finish line. After three years, numerous setbacks and delays, and the pandemic, the project at Howard Terminal is nearing the finish line. There is hope that the A’s will actually be able to get their new stadium in the coming years.

On Friday, as part of a thread on Twitter, A’s president Dave Kaval released the official proposal letter that has been sent to the City of Oakland. He is hoping that the city council will vote on this proposal before their summer recess, helping to get the project off the ground sooner.

Oakland A’s getting closer to their needed new ballpark

For a time, it seemed questionable that the A’s would be able to get that ballpark at their desired location. The project faced opposition from environmental groups and those in the city itself, as they were concerned with the financial resources required for the project.

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Those are costs that the A’s are willing to take on. The notoriously frugal franchise is committed to paying for the cost of the new stadium, expected to have a price tag of more than $1 billion, themselves. An additional $450 million will be put aside for affordable housing and community projects, with the city and community determining where those funds will be allocated.

There are expected to be benefits to California beyond the construction jobs and money for the community. The A’s are committed to making their ballpark the most environmentally friendly project in California history. Additionally, another $955 million is expected to be a part of the city’s coffers once everything is completed.

Plenty needs to happen for this project to get underway. The city needs to give their official approval before ground can be broken. But the light at the end of the tunnel is getting brighter, as it seems to be a matter of time before the new ballpark becomes a reality.

The Oakland A’s dream of a new ballpark at Howard Terminal is getting closer. Their official proposal has been sent to the city for approval.