One is Elon Musk’s Tesla, which has sent a letter of interest to the city about the 130-acre Coliseum parcel. Exactly what the company would build there is a closely guarded secret.
The other is a proposal that arrived at City Hall just hours after Schaaf suggested talking with the A’s alone. It came from Mark Hall, a real estate investor from Walnut Creek who has won the rights for a United Soccer League expansion franchise.
He’s pitching a plan for a 44-acre mega-sports and recreation center on the Coliseum site that would include a stadium for his team and sports fields. He would use Oracle Arena, which the Warriors are about to vacate, for concerts, pro lacrosse games and foosball competitions. (Yes, foosball*, the arcade game when little players on hand-manipulated metal rods kick a ball up and down the table.)
The rest of the property would go to the A’s for their new ballpark.
Musk isn’t saying publicly what he’d offer for the land, and anyway he may be broke before long so maybe not best to count on him. Hall is offering to pay $85 million, which is less than the A’s owners offer of $135 million, but would only be for part of the parcel, with room left for an A’s stadium.
This isn’t actually all that exciting either, because as we’ve covered many times in the past, baseball stadiums aren’t especially lucrative use of land — Hall is in essence saying, “Give me all the good bits where I can build whatever I want, and the A’s can have just enough room to spend half a billion dollars or so on a baseball stadium but nothing else.” With offers like these, exclusive negotiations with the A’s might not be so bad, though if Oakland can keep soliciting bids in the time before any exclusivity window kicks in, if only to get a sense of the market value of the Coliseum land, this could work out well after all.
*Disappointingly, probably not foosball, but rather futsal. See comments below.