Talk Of The Town: A's Wolff Defends Decision To Build In Fremont
 |
Wolff Discusses Reasons For
Selecting Ballpark Site In Fremont |
In a Q&A with the WALL STREET JOURNAL's Bobby White, A's Owner Lew Wolff said the team is planning to build a new Cisco Field in Fremont because "there isn't much space in Oakland." Wolff: "Everyone would love to have a ballpark on the water. It sounds nice, but half your trade area is on the water. The ideal location would be to rebuild a new stadium right on the McAfee Coliseum site, but even that had its issues. You have two other teams using that facility, and even if we were constructing there, it would put the others out of business." Wolff said of the new ballpark plans, "In terms of money from the city and the county, it drives me crazy that people don't quickly see this, we are not asking for any bond issues or general fund requirements. We are not asking for any money from the city. We will help that tax base for a decade without them having to write a check to get us and hopefully that's important to some of the people there." Wolff on running the franchise, said, "It should be run as a business, in the sense you want to avoid significant losses. I'm not looking at this as pure ultimate return on equity. It will not have the same return as building an office building or something." Wolff added: "I don't think most people are in it to get in for five years or 10 years and want to sell it -- at least, none that I've come across. I think the more logical owners will be happy to break even annually as long as they build the value of their team" (WSJ.com, 4/30).
|
Related Stories By Company
|
Related Stories By Sport
|
Towers' Firing Changes Mood Around Padres
October 6, 2009 :
SportsBusiness Daily
San Jose Approves A's Ballpark Study
September 17, 2009 :
SportsBusiness Daily
College Programs Study Possible Tax
August 25, 2009 :
SportsBusiness Daily
Profile Of Billy Beane And "Moneyball"
July 29, 2009 :
SportsBusiness Daily
Neukom: Santa Clara County Still Giants' Area
July 10, 2009 :
SportsBusiness Daily
|
Boras, Manfred Talk About Finances Escalate
November 20, 2009 :
SportsBusiness Daily
Selig: Concerns Around Economy Still Exist
November 20, 2009 :
SportsBusiness Daily
MasterCard Present At WS DVD Premiere
November 20, 2009 :
SportsBusiness Daily
Hicks Hopes To Remain Rangers Majority Owner
November 19, 2009 :
SportsBusiness Daily
Selig Committed To Condensing Playoffs
November 19, 2009 :
SportsBusiness Daily
|
|
