FINANCIAL STRUCTURE

The A’s: The A’s proposed creating two infrastructure financing entities to help pay for the project: the Howard Terminal Infrastructure Financing District and Jack London Infrastructure Financing District. The first district would generate $860 million in property tax revenue; the second would generate $1.4 billion. About $855 million of that total would pay for on-site and off-site infrastructure upgrades. The team would cover the upfront costs of most of those upgrades, but expects to be repaid by the city over time through the taxing districts.

Oakland: The city proposed creating a single infrastructure financing district over the Howard Terminal project site to capture the city and county’s share of property tax that is generated by the project over 45 years. But the city’s plan would generate about $352 million less in tax revenue for off-site transportation and infrastructure costs than the A’s plan. The city says it will pursue regional, state and federal money to cover that cost, and that the A’s would not be responsible for paying it. Oakland needs Alameda County to participate in the infrastructure financing district, though the county has not yet agreed.

AFFORDABLE HOUSING

The A’s: The A’s proposed a $450 million community benefits package funded by the two proposed infrastructure financing districts. The team says the city can decide how it wants to spend that money — whether to fund affordable housing or other community benefits.

Oakland: The city is requiring the A’s to build 450 affordable residential units, including some for very-low-income households, onsite or 15% of the total of 3,000 units. Additionally, the city wants the A’s to use funds set aside from the infrastructure financing districts to build, preserve or renovate 500 units of affordable housing off the site, or 20% of the project total. Anti-displacement measures would also be provided to those living in West Oakland, Chinatown, Old Oakland, and the Jack London District.