The A’s went public with their offer to buy the Coliseum complex after getting word that Oakland officials were in talks with other developers who have their eye on the site. That raised a worst-case scenario for the team: Its fallback spot for a new ballpark could end up in the hands of someone who thinks they can find better uses for the 130-acre parcel than a baseball stadium. “The future of the A’s is too important to further risk alternate uses of the Coliseum site,” A’s President Dave Kaval wrote in his letter to city officials offering to buy the stadium, Oracle Arena and parking lot in exchange for taking on $135 million-plus in debt for the two buildings. “We need to control our destiny in Oakland,” Kaval said when asked what prompted the letter. The A’s concern is that if they can’t find another spot to play ball, they will once again find themselves tenants at the Coliseum — with no control over adjacent land to build a hotel, restaurants and other commercial buildings needed to pay for their ballpark. Going public with their offer also sent a clear message to Oakland officials — and to the world… Read full this story
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A’s big fear: They’re not the only ones who want to buy the Coliseum have 348 words, post on www.sfchronicle.com at March 28, 2018. This is cached page on CuBird. If you want remove this page, please contact us.