ALERT! A's Stadium San Jose vs. Oakland update.
A quick follow-up on yesterday's post regarding opposition to the San Jose effort to build a stadium for the Oakland A's (Athletics): the San Jose City Council passed it's much discussed amendment to its General Plan.
Three San Jose Councilmembers, Oliverio, Liccardo, and Herrera, voted against the proposal. Councilmember Pierluig Oliverio was the one to sound the call that the amendment would "erode the city's tax base."
What that means is more housing where industrial property is currently situated, and more urban costs and less tax increment revenue generation from a tax base that some San Joseans feel has already suffered a "death by a thousand cuts."
This decision is a major blow to the city's ability to afford a stadium for the Oakland A's. That is, of course, assuming San Jose withstands a court challenge from both the San Francisco Giants and The City of San Francisco, as well as The City of Oakland.
Stay tuned.
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