Connect with us

Bay Area

City Council Committee Hears Report on Economic Impact of Oakland A’s Howard Terminal Proposal

Outgoing Mayor Libby Schaaf’s administrative team argues that an economic analysis of the impact of the Oakland A’s $20 billion real estate development at the Port of Oakland is impossible to analyze until behind-closed-door negotiations between City staff and A’s owner John Fisher’s team are completed, and there is a final deal.

Published

on

John Fisher, Oakland A’s owner and real estate developer
John Fisher, Oakland A’s owner and real estate developer

Report says A’s proposal “underestimates” costs and “overestimates” revenue projections

By Post Staff

Dr. Nola Agha, a nationally recognized sports economist and University of San Francisco professor of Sport Management, this week presented findings of her study on the revenues, costs, and economic impacts of the A’s proposed development at Howard Terminal to the Oakland City Council’s Community & Economic Development (CED) Committee.

Agha’s independent study was commissioned when the city failed to provide the independent economic analysis of the project’s proposed development agreement and financing framework requested by City Council in April.

Agha’s report at Tuesday’s CED meeting was based on information about the proposal available to the public, provided by the Oakland A’s, Oakland City Administrator Ed Reiskin, and the City Council’s July 2021 non-binding term sheet, and includes updated projections based on the current economic forecast.

Outgoing Mayor Libby Schaaf’s administrative team argues that an economic analysis of the impact of the Oakland A’s $20 billion real estate development at the Port of Oakland is impossible to analyze until behind-closed-door negotiations between City staff and A’s owner John Fisher’s team are completed, and there is a final deal.

The danger, however, is that once a final deal is completed, there would likely be a rush to pass it without looking at the details and economic analysis behind it.

The report was commissioned by the Pacific Merchant Shipping Association, which has significant concerns about the impact the proposed project would have on the survivability of the Oakland Port.

The report focused on three primary concerns with the A’ proposal:

  • Revenue projections are overestimated;
  • Direct cost projections are underestimated;
  • Indirect, unanticipated, and often inconspicuous costs have not been accounted for.

Summarizing her findings,  Agha said, “Both the team and the City have made a lot of assumptions in designing the financing framework for this project, all of which put the City and taxpayers at greater risk down the line.

“A close look at the available information reveals that the project requires a historically large and growing public subsidy to be financially feasible. Publicly funded stadiums typically don’t pay off, and this one is unlikely to be any different.”

To read the full report, go to: https://assets.nationbuilder.com/oaklandstadiumalliance/pages/109/attachments/original/1664404798/Evaluation_of_the_revenues_costs_and_impacts_of_Howard_Terminal_-_Sept_21_2022.pdf?1664404798

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Activism

Oakland Post: Week of March 4 – 10, 2026

The printed Weekly Edition of the Oakland Post: Week of March 4 – 10, 2026

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

Published

on

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Continue Reading

Activism

Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

Published

on

Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.
Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.

Continue Reading

Subscribe to receive news and updates from the Oakland Post

* indicates required

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

#NNPA BlackPress5 days ago

COMMENTARY: Women of Color Shape Our Past and Future

#NNPA BlackPress5 days ago

Woman’s Search for Family’s Roots Leads to Ancestor John T. Ward – A Successful Entrepreneur and Conductor on the Underground Railroad

#NNPA BlackPress5 days ago

Advocates Raise Alarm Over ICE Operation, MOU and Detention Risks in Baltimore County

#NNPA BlackPress5 days ago

Pete Buttigieg to Join Mayor Randall Woodfin for Community Town Hall in Birmingham

#NNPA BlackPress6 days ago

WATCH: Week One – NNPA’s “Leadership Matters” Video Series

Activism1 week ago

Oakland Post: Week of March 4 – 10, 2026

#NNPA BlackPress1 week ago

OP-ED: NNPA Launches 2026 “Leadership Matters” Video Series

#NNPA BlackPress1 week ago

PRESS ROOM: PMG and Cranbrook Horizons-Upward Bound Launch Journey Fellowship Cohort 2

#NNPA BlackPress1 week ago

Los Angeles Summit Brings Together Leaders to Tackle Poverty and Affordability

#NNPA BlackPress1 week ago

Civil Rights TV Launches 24/7 Network Focused on Black History, Education and Equity

#NNPA BlackPress1 week ago

REVIEW: The Ultimate Hot Girl Summer Getaway: Sunseeker Resort Florida

#NNPA BlackPress1 week ago

COMMENTARY: How You Stop a Prescription Medicine is as Important as How You Start 

#NNPA BlackPress2 weeks ago

PRESS ROOM: From Congress to Corporate America: NNPA Spotlights Visionaries in New Video Series

#NNPA BlackPress2 weeks ago

Poll Shows Support for Policies That Help Families Afford Child Care

Activism2 weeks ago

Oakland Post: Week of February 25 – March 3, 2026

Trending

Copyright ©2021 Post News Group, Inc. All Rights Reserved.