new oakland a’s stadium would generate $3.05 billion in economic benefits, 2k jobs
Oakland residents and businesses would reap $3.05 billion in economic benefits over the first 10 years from the construction and operation of a new privately financed Oakland A’s stadium and the increased attendance and game day spending that would come with it, according to an analysis released Tuesday (June 20) by the Bay Area Council Economic Institute. Building the stadium would also create 2,000 construction jobs, many of which would go to local workers and businesses under hiring agreements expected to accompany the project. The analysis breaks down the economic impacts from the first 10 years of stadium operations into three categories, including:
- $768 million from construction and related spending
- $1.54 billion from game-day spending
- $742 million from ballpark operations
The study does not identify a specific location in Oakland for any new stadium and does not include estimates for the considerable additional economic benefits from new commercial development and other business activity that would likely be spurred by the arrival of a new ballpark. The study also estimates that a new Athletics stadium could lift annual attendance from its 2016 level of 1.5 million to 2.55 million in the first year of operation before settling back to an average of 2.4 million in subsequent years.