[SSJ-Coaches] Fw: SSV Update: One week to go! Please pass onto your parents
airkanavel at sbcglobal.net
Wed Oct 31 07:28:48 PDT 2007
Coaches and Parents
November 6th is a crucial meeting for the EARTHQUAKES stadium proposition to move onto a final vote. If your at all interested in watching great professional soccer in a stadium built right here in San Jose, lend your support by showing up at the City Council meeting on the 6th. Bring your team out in their colors and lets cheer them on. More information on the vote and directions are below. Go QUAKES!!
South San Jose Youth Soccer League
----- Original Message -----
From: Soccer Silicon Valley
To: members at soccersiliconvalley.com
Sent: Tuesday, October 30, 2007 5:43 PM
Subject: SSV Update: One week to go!
Dear Soccer Silicon Valley member:
We're just one week away from the November 6 meeting of the San Jose City Council and their critical vote on the soccer stadium plan.
We have one correction from our last message: This won't be the final vote on the stadium deal after all. It is, however, a critical step towards the culmination of the deal, so we'd still like to pack the city council chambers with Quakes fans in blue.
Here's a progress report as well as details about what the council will be voting on next Tuesday:
On October 22, the Community and Economic Development Committee, which is composed of council members Nancy Pyle, Nora Campos, Pete Constant, and Sam Liccardo, voted unanimously to recommend a full council vote on the Office of Economic Development's staff report on the soccer stadium deal. That report, which was released to the public on October 12, contained several details about what had been negotiated so far as well as some of the subsequent steps that would be needed to complete the deal. (You can see video from the meeting here -- the presentation on the stadium begins just over 13 minutes in and around 34 minutes in, Lew Wolff and Ann Rodriguez from Earthquakes Soccer take the floor.)
We'll sum up the report that was given. In the four months since negotiations began, a lot has been accomplished:
The developers and city staff have agreed that if the Council decides to approve the change in land use of the iStar Property, the proceeds obtained from that decision, estimated to be approximately $80 million, will be directed towards the construction of a stadium. Wolff and his partners have also committed to guarantee the full cost of the stadium, even if construction exceeds $80 million, and would also be responsible for all costs of the construction, operations, and maintenance of the stadium for a 55-year period -- even if, for some unknown reason, the Earthquakes no longer played soccer in San Jose.
Wolff's team has also proposed to develop the balance of the Airport West property -- where the stadium would be built -- with office, research and development (R&D), hotel and retail development, which would provide substantial sales tax, property tax and transit occupancy tax, ground lease revenues and cash to the City of San Jose. Specifically, they have preliminarily proposed building roughly 1.2 million square feet of office, two hotels with a total of approximately 300 rooms, and 72,000 square feet of retail.
The city staff report also included the following:
- A preliminary traffic analysis indicates that the 1 million square feet of industrial space currently entitled on the iStar site can be reallocated to other properties within the Edenvale Redevelopment Project Area with feasible traffic mitigations.
- Airport staff has determined that construction-related parking and other requirements for the Airport expansion can be fulfilled at alternate locations, which means the full development of the Airport West Property can proceed.
- The city would own the soccer stadium, subject to a 55-year ground lease to the Earthquakes. Wolff and his partners have proposed to purchase up to 40 acres of the 75-acre Airport West property rather than ground leasing that portion of the property.
As you can see, much progress has been made. It is now guaranteed that the money from the iStar conversion will go to the stadium construction and that Wolff and his partners will pay entirely for the operations and maintenance of the stadium for 55 years. The preliminary traffic study in Edenvale looks good and the airport has indicated that they have no problem with the proposal to develop the Airport West property. All of this is good news.
Without the City Council's approval next Tuesday, however, none of this progress will mean anything, because the City Council has the final say. Next Tuesday, they will decide whether or not to direct the city's staff to continue with these negotiations, which means that it's important that we voice our support for the deal.
Please make every effort to be there Tuesday, November 6 at 7:00 p.m., wearing your Earthquakes blue!
San Jose's City Hall is at 200 East Santa Clara Street. A map is available here. Free validated parking is available in the underground City Hall garage -- enter off of S. 6th Street and bring your parking voucher to the council chambers--the validation machine is there. Parking is also available for a fee at the 4th Street Garage behind City Hall (enter heading south off of S. 4th St., a half block south of Santa Clara St.) and the Third Street Garage (enter heading north off 3rd St. a half block north of Santa Clara Street). (Note that both 3rd and 4th streets are one-way.)
Thanks, as always, for your support.
Yours in soccer,
SSV's Board of Directors:
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