15 August 2005
The Legislature is back after their month-long recess. That means it's time to check on SB 4. According to the latest update from aroundthecapitol.com, SB 4 is scheduled to hit the Assembly Appropriations committee on Wednesday. This legislation could have an enormous impact on the final deal between the A's and Oakland/JPA, because of the tax-free financing that would be available, as well as the ability of groups to use that financing to fund all sorts of infrastructure - including transit improvements like a new BART station or off-ramps, pedestrian bridges, etc.
From the San Jose Business Journal: San Jose's Redevelopment Agency is continuing with its efforts to acquire the Diridon South properties. To do this they are going around the city's charter, which requires a public vote before any money is spent on a sports facility. They're able to do it by saying that the land could be developed any number of ways, a stadium only being one. While this is certainly true on the surface (previously published planning docs indicate the city's desire to developing housing on the site), most everyone around the new City Hall knows that it's definitely a stadium site they are trying to secure. The latest update:
The RDA is ordering up appraisals, and on Aug. 9, the City Council tentatively approved the sale of 9.22 acres on Julian Street to provide the agency with about $14 million to help pay for the land, which includes the old KNTV studios, a PG&E power substation and Stephen's Meat Products.Ever the cheerleader for San Jose effort, Santa Clara County Assessor and Baseball San Jose board member Larry Stone got in a few digs at Oakland over the plan when he was interviewed by KTVU-2 on Friday. Regarding the Diridon South site:
The San Jose Redevelopment Agency should have land secured for a possible ballpark on the western edge of Downtown San Jose, near the Diridon train station, within the next 30 to 60 days -- when Wolff's Oakland proposal collapses, San Jose will be waiting, Stone said.