With money scarce and the future of the San Jose Redevelopment Agency hanging by a thread the city has decided to sell off some of its properties to raise money for a new stadium for a transplanted Oakland A’s team. It may even have a buyer—none other than Oakland A’s owner Lew Wolff.
While Wolff is one of the most vocal advocates for moving the team to San Jose, he also has a genuine interest in some of the properties up for sale. These include a parking garage beneath the Fairmont Hotel and a string of shops lining the street of Fairmont Annex. In addition to the A’s, Wolff also owns the Fairmont, and he says he wants to build a new conference center for the city. With Team San Jose in a rut and San Jose’s RDA on the verge of losing its money to the state, that could be a wise investment.
Oakland A’s Owner Lew Wolff Buys San Jose Properties Near Proposed Stadium.