Really? It sounds different from what the Argus's Chris De Benedetti reported earlier today:
The owners of the Oakland A's announced today that they have signed a contract to buy 168 acres for a proposed ballpark development in Fremont.
Lew Wolff, the team's managing partner, said the deal will allow him quickly to submit an application to the city for a roughly 32,000-seat stadium, surrounded by housing and high-end commercial development.
Alrighty then. Here's the obligatory map if you want to familiarize yourself. The A's are buying the yellow section.
There is no new information regarding the land transaction, a Cisco spokeswoman said. ProLogis spokesman Arthur Hodges declined to comment.
Meanwhile, Wolff has been meeting with Fremont staff members as often as twice a month since December to discuss the project. The A's are scheduled to meet again with city staff members May 17, Fremont officials said.
As to when the A's might submit a development application or a formal plan, that step is "probably a few months away," Wolff said.
This is a pretty big move. Not "done deal" definitive, but rather "planting their stake in the ground" serious. That stake has to be worth around $200 million. Correction: According to the press release and Barry Witt's report, the A's have amassed 226 acres. Land value is around $500 million.