By Matt Artz
Friday, May 21st, 2010 at 1:50 pm in Uncategorized.
Tesla might not have a problem with the Oakland A’s as a neighbor, but A’s co-owner Lew Wolff sees no future for the team in Fremont.
Wolff told me today that Fremont isn’t an option for the A’s, because the team can’t finance a Fremont ballpark without the ability to sell entitlements to build the 3,150 housing units that were part of the original ballpark village plan.
“The entire activity in Fremont was based on the ability to sell residential entitlements,” he said.
And Wolff doesn’t anticipate the market supporting the magnitude of housing envisioned in the ballpark village plan. “I think we missed our opportunity,” he said. “We have to be in an existing downtown.”