Oakland A’s Move To Fremont One Step Closer to Becoming Reality
Commercial Development, Notable Deals No Comments »Lew Wolff and the Oakland Athletics have formally submitted plans for the new “Cisco Field” ballpark project in Fremont. The project encompasses 226 acres of land off Auto Mall Parkway and is slated to include roughly 3,000 housing units, an elementary school, 500,000 square feet of retail, and a 32,000 seat ballpark.
The estimated cost of the project is $1.8 Billion. While plans have been submitted, the next step is for an EIR (environmental impact report) to be compiled which could take more than a year. While it is anticipated that parking, access, and traffic congestion will be a major concern for the citizenry, the scale of this project and the sales and property tax it would generate is likely too attractive for the city to turn down.
This project in the interim will likely do nothing but give a boost to prices of nearby property as many are likely to point to the revitilization and redevelopment which took place around the Giants ballpark after it was developed.
Tags: 94538, Athletics, Cisco Field, Fremont, Lew Wolff, Oakland

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