Tuesday, April 10, 2018

Maybe he's going to store cars there.

Tesla Interested In Purchasing Massive Plot Of Land In Oakland.

"Tesla CEO Elon Musk sent a letter of interest to Oakland city officials saying that the automaker is interested in the 130-acre site. Oakland City Hall also received a request from real estate investor Mark Hall, who hopes to use the property in part of a United Soccer League expansion project."

"Oakland Mayor Libby Schaaf plans to work a deal with the Oakland A’s to build a new ballpark in the area. This could mean that neither of the above would be able to partake. However, Hall’s plan would use a portion of the property and leave the rest for the A’s new ballpark. We’re not entirely sure if Tesla would also agree to such a plan.

Hall has already offered $85 million for a portion of the land. Additionally, the city and county are $136 million in debt on the current Coliseum and Oracle Arena. To make his offer even more appealing, Hall has committed to matching the team’s offer to pay off the debt in the event that the A’s choose to move their new stadium elsewhere."

The articles goes on to say....

"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."

I guess everyone is wrong about his demise. He's got baller stadium money. Because those always make money.

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