Portland is turning its stadium into a soccer field at a cost to the public of more than $30 million, so the Beavers are moving to Escondido, CA, where the city council agreed to pay every last cent for a $50 million stadium.
For insight on why there have been so many publicly-financed stadiums built over the last two decades, read the local paper’s editorial. They think it’ll be a “home run” for Escondido.”
When I read it, I figured there was no way the paper was locally owned. It’s not. These guys own it.
This stuff doesn’t necessarily apply to Fremont, because Wolff said he would pay (or his development rights) would pay for the A’s stadium that wasn’t built at Pacific Commons.