The A's circulated results Tuesday of a study that claims a new ballpark in Oakland would generate $3.05 billion in economic impact over the first 10 years for the city's businesses and residents.
The study, conducted by the Bay Area Council Economic Institute, also concluded that a new stadium would boost annual attendance by roughly one million, up from the 1.5 million or so that the A's drew in 2016. Building a new ballpark would also produce about 2,000 construction jobs.
"A new Athletics baseball stadium would be very, very good for Oakland," Dr. Micah Weinberg, president of the Bay Area Council Economic Institute, said in a team press release. "These types of signature projects come along only once every couple of generations. A new ballpark represents a significant and important investment in Oakland that will generate tremendous buzz and excitement, creating local jobs, supporting local businesses and spurring even more investment in the city."
A's president Dave Kaval and Jeff Bellisario, the report's author, will discuss the findings with media during a 2 p.m. news conference at the Coliseum.
This is the first concrete piece of information to come out in quite some time about the A's proposed new ballpark. Team officials have been analyzing potential spots to build in Oakland, with the three locations believed to be Howard Terminal, a plot of land next to Laney College and the current Coliseum complex itself. The study does not provide a recommendation for a site to build, but the A's say they will announce a location before the end of this calendar year.
The $3.05 billion in economic benefit is broken down into $768 million from construction and related spending, $1.54 billion from game-day spending and $742 million from ballpark operations.