OAKLAND (KRON) — The Board of Port Commissioners have unanimously approved terms for a possible waterfront ballpark at Howard Terminal for the Oakland Athletics.
The terms provide framework for a potential lease of Howard Terminal for the team’s ballpark project.
The Board of Port Commissioners have voted 7-0 to approve a term sheet between the Port of Oakland and the Oakland A’s outlining terms for the possible development by the A’s of approximately 50 acres of Port property at Howard Terminal. #WeAreRooted pic.twitter.com/E8C5J4o4zH — Oakland A’s (@Athletics) May 13, 2019
The possible minimum lease would be nearly $4 million a year for the first 20 years.
It would also give the A’s four years to identify environmental and traffic issues surrounding the project, and work through Oakland’s land use and permit process.
Today’s vote was 7-0 in favor of the terms outlined between the port and the Oakland A’s.
The development would allow the A’s to use about 50 acres of port property at Howard Terminal for a new ballpark.
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