Following hours of pleas from the public to keep the A's in Oakland, the Oakland City Council on Tuesday approved a non-binding financial plan for a new $12 billion waterfront stadium and village at Howard Terminal near Jack London Square.
But the A's were quick to criticize the amended plan, leaving it unclear how much longer the team is willing to negotiate with the city before packing up and moving elsewhere.
“The current term sheet as it's constructed and its current language is not a business partnership that works for us,” Oakland Athletics President Dave Kaval said during the virtual meeting.
He said the A's will take a close look at the city's term sheet, but was disappointed it differed so much from the term sheet the team submitted in April.
In a departure from the A’s proposal, the new plan would require 35% of the project’s housing units be affordable, establish additional environmental protections and tenant anti-displacement safeguards, and include a community benefits fund to support neighborhoods in Chinatown and West Oakland impacted by the development.
