Supervisors publicly weighed the proposed terms for a 25-year lease agreement with the Earthquakes, with concerns over undervaluing the fairgrounds property by over $100 million.
Simitian criticized the Earthquakes' proposal as a 'laughable' sweetheart deal, citing minimal public benefit and skepticism about the team's reputation as a good faith partner.
Simitian referenced media reports regarding John Fisher’s ownership of the Oakland Athletics, highlighting community backlash against his decisions, particularly the move to Las Vegas.
The board unanimously agreed to continue negotiations, keeping discussions open despite significant concerns regarding the perceived undervaluing of public assets.
#san-jose-earthquakes #public-sports-facilities #county-supervisors #community-benefits #private-partnerships
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