Oakland, Calif., was denied funding from the Department of Transportation's Mega grant program, which would have gone toward infrastructure to support a new baseball stadium for the Oakland A's.
The A's have agreed to fund an $12 billion waterfront development centered around a new stadium, but the team is looking for public funds to support the surrounding infrastructure.
Oakland, Calif., was denied funding from the Department of Transportation's Mega grant program, which would have gone toward infrastructure to support a new baseball stadium for the Oakland A's.
The A's have agreed to fund an $12 billion waterfront development centered around a new stadium, but the team is looking for public funds to support the surrounding infrastructure.
According to Front Office Sports:
- The city had applied for $182 million toward infrastructure improvements for roads, train tracks, and pedestrian walkways around the Howard Terminal area, where the A’s are looking to build.
- Oakland said it has been awarded $375 million in transportation grants and has applied for an additional $55 million in regional grants, $25 million from other federal sources, and $60 million from state grants.
- Oakland could also raise funds through a $150 million limited-obligation bond.
Sheng Thao, who was sworn in as Oakland's mayor on Tuesday, is hoping to strike a deal with the A's in hopes of growing city revenue and activating the Jack London Square area.
Oakland is also exploring a move to Las Vegas, with two sites in mind for a $1B domed stadium in that area.
