The ownership of the San Francisco Giants is focusing on the Mission Rock project, a real estate development near Oracle Park, raising questions about their priorities. Susan Slusser's article addresses whether the franchise is primarily a baseball team or a real estate entity. While the Giants express optimism about Mission Rock's potential, the piece highlights doubts regarding the timing and impact of the COVID-19 pandemic on the project’s financing. The Giants aim to keep team funds separate from real estate development efforts, indicating a cautious yet ambitious approach moving forward.
"Well, hopefully one day this will be a really strong asset for this organization. It's a 50% owner(ship) of it. But for now, we're focused on whatever comes in, goes back into the next phase and into improvements and into retail and the (tenant improvements) and all the different things you have to do to make the project work."
The tone of the piece is bullish on Mission Rock but also makes clear that the investors see their team and their 50% share of the neighborhood as being separate entities.
Collection
[
|
...
]