November 6, 2011
RE: Downtown San Jose Ballpark Land
Dear Friends of Baseball San Jose:
This Tuesday, November 8, the San Jose City Council will make an important move to secure many future benefits for our community – including hundreds of jobs and millions in new general fund revenue – by approving an option for the purchase of property to a private investment group for a downtown ballpark. The sale option to the Athletics ownership group will send yet another powerful message that San Jose continues to be vigilant in its effort to attract the team.
The Council’s action will further prepare San Jose for the day when Major League Baseball finally sees the light and approves the move of the Athletics to the Bay Area’s largest city.
We want to be clear about three key points:
1. If no ballpark gets built, San Jose will still own the property. In other words, a $500 million private investment on a ballpark will have to be made to trigger the sale of the property.
2. The land would be purchased at a fair market price with private funds in exchange for a $500 million private investment to build a ballpark in our community. According to the highly respected Colliers International real estate organization, the fair market value for the parcels being optioned for a ballpark development is approximately $6.9 million, the same price the Athletics would be required to pay if the option is exercised. Despite what the critics contend, this is no “sweet heart” deal taking money away from libraries and cops.
3. The economic impact of a privately built ballpark in downtown San Jose is substantial. According to the Economic Impact approved by the City Council on September 15, 2009, a privately built and operated Major League Ballpark will provide:
· 350 new construction jobs for each of the three years of construction.
· $145 million total net economic impact generated during construction.
· The primary economic impact will be generated by a minimum 81 home games a year, including $130 million in annual net new total output in San Jose.
· The estimated annual fiscal return to the City is $1.5 million a year in General Fund revenues.
Please join us in supporting this action by sharing your views with the Mayor and City Council. You can help by attending the meeting on Tuesday, November 8th at City Council Chambers at
San Jose City Hall at 200 East Santa Clara Street (between 4th & 6th Streets). The meeting begins
at 1:30 pm and our agenda item will come up just after the ceremonial items that kick-off the Council meetings. If you are unable to attend and speak in person, email the Mayor and City Council Member today! Below is a list of their email contact information.
Thank you for your continued support and interest.
Susan Hammer Michael Mulcahy
Email Roster for Mayor and City Council Members:
Mayor Chuck Reed: firstname.lastname@example.org
Councilmember Peter Constant: District1@sanjoseca.gov
Councilmember Ash Kalra: District2@sanjoseca.gov
Councilmember Sam Liccardo: District3@sanjoseca.gov
Councilmember Kansen Chu: District4@sanjoseca.gov
Councilmember Xavier Campos: District5@sanjoseca.gov
Councilmember Pierluigi Oliverio: email@example.com
Councilmember Madison Nguyen: District7@sanjoseca.gov
Councilmember Rose Herrera: firstname.lastname@example.org
Councilmember Don Rocha: District9@sanjoseca.gov