Thursday, September 3, 2009

Just released: Economic Impact Analysis for the Proposed Major League Ballpark

I haven't had time to read the entire analysis yet, but wanted to make sure that you were able to download and read the report for yourself.  Will read and post on the report tomorrow, until then feel free to post your thoughts in the comments.

Update:  The Mercury just published an article on the report:

The analysis also shows that a new stadium would create a total of 2,100 full-, part-time and seasonal jobs in San Jose, of which 980 would be new jobs. That number does not include players but does include team personnel.
The analysis more than pleased Mayor Chuck Reed.

"San Jose is ready to play ball," Reed said in a statement issued this morning. "This report finds that it makes fiscal and economic sense to bring baseball to downtown. Our residents will benefit, our downtown businesses will benefit and surrounding communities will benefit."

At its core, the 74-page analysis — prepared by a consulting firm at a cost of $130,000 — establishes a set of negotiating principles that frame any possible agreement with the A's, including that the team — and not taxpayers — would be responsible for financing and building the stadium and financing all stadium operating costs

"We've told them that that is our expectation — that they would agree to cover all costs in and around the stadium that relate to their activity," said Paul Krutko, the city's lead negotiator. 
The link to the report is here, and here is the press release from the mayor's office:

Statement on Stadium Impact                                                                                                                         

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