RELATED: A's fans fear losing 3rd Oakland team, say 'we'd be the laughing stock of the nation'
After the 4-1 vote, Oakland Mayor Libby Schaaf said in part that this was "a historic action that creates a clear path to keep the A's rooted in Oakland and build a world-class waterfront ballpark district that will benefit Bay Area residents for generations to come."
You can read her full statement here:
The A's ballpark proposal includes a new baseball stadium seating about 35,000 people, about 1.8 million square feet of commercial space, a hotel with about 400 rooms, about 3,000 residential units and a performance venue seating about 3,500 people located at the Charles P. Howard Terminal at the Port of Oakland.
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City officials sought a ballpark development with the A's that was 100 percent privately financed. But have conceded that public financing is necessary. Oakland also is planning to pay for offsite infrastructure needs if the project is built.
RELATED: Oakland mayor eager for A's waterfront ballpark, while team president surveys sites in Las Vegas
Board President Keith Carson was only supervisor to vote "no."
He did not want to step out on faith and commit hundreds of millions of dollars in future revenue, even though the revenue would materialize due to the project.
He questioned key assumptions used by the economic consultants hired by the city to estimate the future benefits to the county, saying, "There is a long laundry list of unknowns."
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So, what's next in the A's stadium saga? This one minute video by ABC7 Sports Producer Casey Pratt provides a timeline:
VIDEO: A's president explains key pieces of Oakland's new proposal, next steps
A's president explains key pieces of Oakland's proposal
Go here for the latest news and videos about the Oakland Athletics.
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