Future Remains Uncertain for the Oakland A’s $12 Billion Howard Terminal Development
The Oakland City Council voted to approve a financial term sheet for Howard Terminal, a mixed-use development with housing, offices, and a new baseball stadium proposed by the Oakland A’s with an estimated $12 billion price tag. However, A’s president David Kaval has repeatedly signaled that yesterday’s approval could spell the end of the team’s future in Oakland because the term sheet approved is not what the team wanted. While Mayor Libby Schaaf is hopeful about the project’s future, Kaval was noncommittal about if the team would continue to negotiate. As it stands, the development is proceeding on thin ice.
