a’s waterfront stadium, development offers big economic benefits

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A proposal by the Oakland A’s to build a privately financed waterfront ballpark at Howard Terminal near Jack London Square would generate $7.3 billion in economic benefits over 10 years for Oakland and Alameda County and create more than 6,100 permanent jobs, according to an analysis by the Bay Area Council Economic Institute. The analysis tallies the economic and jobs benefits from the ballpark and proposed development that would surround the stadium, including 3.3 million square feet of housing, 1.5 million square feet of commercial and office space, a hotel, a performance center and a variety of retail, cultural and civic uses. The $7.3 billion in economic benefits translates to $902 million a year. The ballpark alone would generate $3 billion of the overall economic benefits, largely from increased spending. The analysis does not include the economic and jobs benefits from a proposed gondola system to connect the ballpark with downtown Oakland. A separate Economic Institute analysis found that a gondola would generate $685 million in economic benefits and serve more than 1 million riders per year at full capacity. Read the full analysis>>

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