Over all of the talk about an Oakland A's baseball stadium in San Jose instead of Oakland, the San Jose Murky News failed to mention the organized opponents in the form of Better Sense San Jose . Better Sense San Jose describes itself as: a community based all volunteer organization founded to promote open and transparent government, and sensible, prioritized spending in the City of San Jose. It has a simple position on the Lew Wolff proposal, stating that San Jose can't afford it, and that it's a "poor economic deal" for the city and a lousy investment. Here are the reasons Better Sense San Jose gives : - land purchases and infrastructure improvements for a stadium will cost San Jose an estimated $100M in present value initially, plus a loss of roughly $1M a year from foregone property taxes. - the net ROI (Return on Investment) for San Jose is 2% or less, while the Redevelopment Agency bonds supplying the capital cost 5% or more per year. A bad deal.
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