The Coliseum Joint Powers Authority should respond with a contract offer like this...
$200,000,000 for 10 years guaranteed by a 400 million performance of contract bond paid for by the A's to include any and all costs for legal service incurred by the owners if the A's default; and for the coverage of all unpaid - interest, penalties and payments that are past due.. There is no escape from this contract if A's fail to occupy the Coliseum... The rent is due whether the A's play there or not...
Payments due annually at $20,000,000 on October 31th starting in 2014 through 2023... Any late payments are penalized 10% with a 1.5% / month interest rate on late payments added to the penalties and debt... The A's shall maintain the facility in an as found manner..
All current taxes on income and shares of revenue to the Coliseum owners - if any - shall remain in effect in addition to the above agreed to rent...
This is the last and final offer from the Coliseum Joint Powers Authority to the Oakland A's MLB Organization.. The A's will have 14 days upon receipt of this offer to agree to it in full or the CJPA will proceed with other plans for the Coliseum property.
The idea that the A's are only paying 1.8 million a year is a travesty perpetuated on the people of Alameda Co. and the City of Oakland... It can not even cover the cost of annual up keep... If the A's are the only occupant it would even be worse...
Wolff's arrogantly plans to build a 500 million dollar stadium in San Jose... While he expects at the same time the City of Oakland and the County of Alameda to subsidize all this with an egregiously low rent for their facility...
Time to pay up or leave.. Lew
GO CUT BAIT, LEW ... YOU ARE SCREWED