Bay Area
Where Do Negotiations Go Now After A’s “Howard Terminal” or Bust Ultimatum?
The A’s are seeking to develop 55 acres at the Port of Oakland. The proposal includes a 35,000-seat baseball stadium, which would cost $1 billion, or 8.3% of the total project.
Oakland’s City Council rejected the A’s proposed non-binding term sheet, which the team had presented to the City along with an ultimatum, “Howard Terminal or Bust.”
At a packed City Council meeting last week, attended by 1,000 people on Zoom, many residents were angry at what they viewed as the A’s real estate “land grab” at the Port of Oakland and either said that the team should leave or stay at the Oakland Coliseum in East Oakland.
Rejecting the A’s term sheet, councilmembers at the July 20th meeting voted 6-1 with one abstention to make a counteroffer, approving city staff’s and Council’s amendments to the A’s term sheet.
Council’s vote was to continue negotiating with the A’s, and the A’s gained substantial concessions, $352 million, enough to return for further negotiations, in Oakland. The Council’s vote didn’t derail A’s pursuit of Las Vegas.
Now, over a week since Council’s vote, neither A’s President Dave Kaval nor owner John Fisher have spoken publically on the A’s intent to continue bargaining with Oakland for their proposed $12 billion waterfront development at Howard Terminal.
The A’s are seeking to develop 55 acres at the Port of Oakland. The proposal includes a 35,000-seat baseball stadium, which would cost $1 billion, or 8.3% of the total project.
In addition to the stadium, the development features 3,000 condominium/housing units; over a million square feet of commercial space (office and retail); a 3,500-seat performance theater, 400 hotel rooms and approximately 18 acres of parks and open space.
The most fundamental sticking point, along with all the other complications, is whether a commercial/residential development, ‘a city within a city,” in the middle of a working seaport are compatible uses for the land. Many experts are saying that the existence of upscale residences and thousands of tourists strolling around will eventually destroy the Port of Oakland, which is the economic engine of the city and the region.
According to Kaval, who had pushed for the Council to approve the ultimatum, “We’re disappointed that the city did not vote on our proposal … we’re going to take some time and really dig in and understand and ‘vet’ what they did pass and what all the amendments mean.”
Although the A’s stated a willingness to be open to the amended terms Council approved, Kaval expressed uncertainty whether the Council’s amended term sheet offers “a path forward.”
“The current [amended] term sheet as its constructed is not a business partnership that works for us,” said Kaval, saying the team would have to examine the Council’s counter-offer before deciding to resume negotiations or return to Las Vegas or focus on finding a new home someplace else.
City Council President Bas and Mayor Libby Schaaf joined city and labor leaders to discuss the Council’s vote. Vice Mayor Rebecca Kaplan made it clear that the amended term sheet the Council approved should be considered a “road map for future negotiations … a baseline for further discussions.”
Upon Kaval’s dismissal of the Council’s stated positions, Fife said, “I don’t know where we go from here,” abstaining from the vote on the proposed term sheet.
Many find Kaval’s statement confusing because he used words like partnership but apparently ignored and/or disregarded the City of Oakland – the A’s major stakeholder and a business partnership since 1968, more than 53 years.
Some are asking if the A’s understand that Oakland’s 53-year relationship with the team is the basis for the meme “Rooted in Oakland?” Are the A’s willing to accept, as the Council has determined, that the terms of the business “partnership” must be equitable and mutually beneficial for all of “us”?
And the question remains after a 53-year relationship, is it reasonable to terminate that relationship or negotiate further for an equitable and mutually beneficial business partnership?
Activism
Oakland Post: Week of April 24 – 30, 2024
The printed Weekly Edition of the Oakland Post: Week of April 24 – 30, 2024
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Alameda County
DA Pamela Price Stands by Mom Who Lost Son to Gun Violence in Oakland
Last week, The Post published a photo showing Alameda County District Attorney Pamela Price with Carol Jones, whose son, Patrick DeMarco Scott, was gunned down by an unknown assailant in 2018.
Publisher’s note: Last week, The Post published a photo showing Alameda County District Attorney Pamela Price with Carol Jones, whose son, Patrick DeMarco Scott, was gunned down by an unknown assailant in 2018. The photo was too small for readers to see where the women were and what they were doing. Here we show Price and Jones as they complete a walk in memory of Scott. For more information and to contribute, please contact Carol Jones at 510-978-5517 at morefoundation.help@gmail.com. Courtesy photo.
Bay Area
State Controller Malia Cohen Keynote Speaker at S.F. Wealth Conference
California State Controller Malia Cohen delivered the keynote speech to over 50 business women at the Black Wealth Brunch held on March 28 at the War Memorial and Performing Arts Center at 301 Van Ness Ave. in San Francisco. The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.
By Carla Thomas
California State Controller Malia Cohen delivered the keynote speech to over 50 business women at the Black Wealth Brunch held on March 28 at the War Memorial and Performing Arts Center at 301 Van Ness Ave. in San Francisco.
The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.
“Our goal is to educate Black and Brown families in the masses about financial wellness, wealth building, and how to protect and preserve wealth,” said ABWA San Francisco Chapter President LaRonda Smith.
ABWA’s mission is to bring together businesswomen of diverse occupations and provide opportunities for them to help themselves and others grow personally and professionally through leadership, education, networking support, and national recognition.
“This day is about recognizing influential women, hearing from an accomplished woman as our keynote speaker and allowing women to come together as powerful people,” said ABWA SF Chapter Vice President Velma Landers.
More than 60 attendees dined on the culinary delights of Chef Sharon Lee of The Spot catering, which included a full soul food brunch of skewered shrimp, chicken, blackened salmon, and mac and cheese.
Cohen discussed the many economic disparities women and people of color face. From pay equity to financial literacy, Cohen shared not only statistics, but was excited about a new solution in motion which entailed partnering with Californians for Financial Education.
“I want everyone to reach their full potential,” she said. “Just a few weeks ago in Sacramento, I partnered with an organization, Californians for Financial Education.
“We gathered 990 signatures and submitted it to the [California] Secretary of State to get an initiative on the ballot that guarantees personal finance courses for every public school kid in the state of California.
“Every California student deserves an equal opportunity to learn about filing taxes, interest rates, budgets, and understanding the impact of credit scores. The way we begin to do that is to teach it,” Cohen said.
By equipping students with information, Cohen hopes to close the financial wealth gap, and give everyone an opportunity to reach their full financial potential. “They have to first be equipped with the information and education is the key. Then all we need are opportunities to step into spaces and places of power.”
Cohen went on to share that in her own upbringing, she was not guided on financial principles that could jump start her finances. “Communities of color don’t have the same information and I don’t know about you, but I did not grow up listening to my parents discussing their assets, their investments, and diversifying their portfolio. This is the kind of nomenclature and language we are trying to introduce to our future generations so we can pivot from a life of poverty so we can pivot away and never return to poverty.”
Cohen urged audience members to pass the initiative on the November 2024 ballot.
“When we come together as women, uplift women, and support women, we all win. By networking and learning together, we can continue to build generational wealth,” said Landers. “Passing a powerful initiative will ensure the next generation of California students will be empowered to make more informed financial decisions, decisions that will last them a lifetime.”
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