Announcement coming Tuesday

From the A's press release:

Oakland A's Owner and Managing Partner Lew Wolff will be making a major announcement tomorrow at 11:30 a.m. PT regarding the team's quest for a new ballpark in the Bay Area.

The announcement will be available live on oaklandathletics.com at 11:30 a.m. PT. FSN Bay Area will also show the broadcast.

From Cisco's press release:

Oakland Athletics and Cisco Systems To Host Press Conference

Who: Oakland Athletics and Cisco

What: The Oakland Athletics and Cisco will host a press conference for a special announcement.

Where:
Cisco's Executive Briefing Center
300 Tasman Drive, San Jose, CA (Building 10)
408-526-4000

When:
Tuesday, November 14, 2006
11:30 a.m.-12:30 p.m. PT
Doors open at 10:30 a.m. for TV camera set-up

Public can view the press conference live on FSN or via live webcast at www.oaklandathletics.com. A replay will be available following the event at www.oaklandathletics.com

Update: I have a credential, but unforseen circumstances will force me to be unable to attend. I'll be streaming along with many of you.

A caveat, Olympics are dead, Santa Clara update

The sheer number of articles covering the A's-Cisco deal can cause anyone to miss a few not-so-minor details, including yours truly. The biggest one comes from Barry Witt's 11/9 article (emphasis added in bold italics):

Lew Wolff has said he would fund part of the expected ballpark's expected $400 million or more price tag through profits that would be created if the city agrees to convert Cisco's industrial-zoned land to housing uses. He gave no details of that plan to council members Wednesday, but in a September discussion with the Mercury News editorial board, he suggested those profits would be given to the city, with the understanding the city would become an investor in the ballpark.

As outlined by Wolff, the city would "reinvest the money in a ballpark, provided you guys build it, you guys take care of any overruns, and you guys run it with no obligation on our part for operational deficits."

"The city can continue to have the ownership, or the percentage they put into it," he said. "If they put in" $200 million "and we put in 200, it's 50-50."

In past interviews Wolff suggested that the city would end up owning the ballpark, and I wondered how that could happen on private land with private financing. Now it's starting to make sense. Once you start talking overruns and deficits you get into dangerous territory. Witt clarified the context in the quote. Wolff is speaking as a voice of the city, with "you guys" being the A's.

Elephants in Oakland interviewed Field of Schemes author Neil deMause about the A's Fremont overtures.

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The effort to get the Olympics to the Bay Area in 2016 is already over before they could get started. The bid's anchor venue was supposed to be the new Candlestick Point stadium, but now that the Yorks have declared the project too expensive and have moved their focus to Santa Clara, the bid has blown up.

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A source familiar with the discussions between Santa Clara and both the Quakes and the 49ers told me that the two projects are in fact not competing for the same land next to Great America. The 49ers are looking at the Great America parking lot while the Quakes may end up using another site nearby. There's plenty of open space in Santa Clara to do both as long as they aren't co-located.