Quality of Life in 94538>Question Details

Vr, Home Seller in Fremont, CA

A 's stadium in Fremont good for home prices ?

Asked by Vr, Fremont, CA Thu Feb 12, 2009

I live couple of blocks from where it is going to be built some people say its good for the home prices some say it would fall .whats the real deal ?

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Whoa there Mr. Dutra and all those who want this. You forgot about the people who actually live in Warm Springs, Weibel, Mission San Jose and ANYONE who must run the Gaunlet of I 680 and I880 on a daily basis! Can you imagine adding 10,000 cars to the mix today. I do not wish to be a prisoner in my home, prevented from shopping, or have to stay at work so I don't have to battle bumper to bumper traffic to get home

This reality cannot be brushed off as some unimportant cost. This is a selfish point of view for those who see the stadium as a pancea to our current financial woes. This is an issue for anyone since you will be giving up your quiet neighborhood for nothing. Look at all of the research and you will see that NO STADIUM HAS EVER PRODUCED A NET ECONOMIC BENEFIT FOR THE CITY THAT HOSTS IT. This is a wealth transfer program from the community into the players and Lew Wolf's (A's owner) wallet. Even the A's admit in the last proposal that it would cost the city $1,000,000 per year (total income - total expenses). Bear in mind that this is the fox's interpretation of the cost to guard the hen house. You know that it is far from the actual costs

Check Mr. Dutra's background for conflicts of interest. He and his extended family/business connections have the potential to gain from this deal. I could be off base, but if relevant, I would expect a realtor to provide this forum with a disclosure about any conflicts of interest before a potentially conflicted answer is given.

Hmmm, horrendous traffic, no net economic benefits to residents, crime, litter, noise, drained police. That sure sounds like a great deal to me. Is this really going to be good for home prices close to the stadium, you make up your own mind. For more information on this issue, please go to fremontcitizensnetwork.com

Web Reference: http://www.fremontcitizensnetwork.org
1 vote Thank Flag Link Sun Feb 15, 2009
There is a good chance that this will indeed bring an increase to values but it is dependent on a lot of varialbes. The argument against the stadium is that people don't want another Oakland Coliseum in their neighborhood, but guess what, neither do the A's and certainly not the City of Fremont. Fremont has a blank slate and can actually build something very attractive, family friendly with beautiful shops and restaurants (such as Pac Bell Park, Camden Yards) that would make it a wonderful place to visit or shop year round. Traffic will be a problem in both locations no matter what is built, but again, that should not be a detractor. Suffice it to say that Fremont is holding all the marbles at this point and can make this happen in a way that would benefit the city as a whole for years to come. Would I live there - absolutely. With my imagination I can see a beautiful brick ballpark with wonderful shops and dining that I could walk too every day -- not to mention take in a game or two - and walk home!
0 votes Thank Flag Link Fri Feb 13, 2009
Hi Vr, I too live a few blocks from the automall site. I also agree that the traffic will be awful on automall, it is already much busier since the pacific commons have opened. As for the effect on home prices in our area I would say it will depend on who the buyer is. Some buyers will be thrilled to be so close to the park some will not. I am hoping for the warm springs location with a bart station so hopefully, less people will drive to the game.
0 votes Thank Flag Link Fri Feb 13, 2009
Hi Vr, this really depends on what gets built and how it's financed. There are so many angles that you can take this discussion. Arguments for and against the project are plentiful.

Taxes revenues are great, but not if you have to expend city services at a net loss. If only the stadium gets built and not a supporting retail element that makes the location a draw during the off-season the value proposition of the stadium is diluted.

Traffic could be mitigated by the stadium's new proposed location off 680 if a Warm Springs BART station is built; otherwise, Automall Parkway is going to be VERY NASTY during game time.

This is a pretty good site for background on the proposal: http://en.wikipedia.org/wiki/Cisco_Field

Is the new A's ballpark good for home prices? Hmm, better grab a hotdog and a beer; this discussion is going extra innings!

Best, Steve
0 votes Thank Flag Link Thu Feb 12, 2009
Vr:

A stadium would be great for local businesses and bad for local traffic – anything good for business eventually trickles down to housing to solidify the housing base. As for traffic, communities around the Bay Area put up with it on a regular basis whenever a game is in their part of town – it’s something you learn to deal with. That’s my 50 cents worth!

.
Web Reference: http://www.carlmedford.com
0 votes Thank Flag Link Thu Feb 12, 2009
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