A's Waterfront Stadium Plan Isn't a Hit With Shipping Industry - Bloomberg

2022-06-15 11:00:05 By : Mr. Jason zhu

Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day.

Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news.

We take a look at China's international projects and what they mean for the rest of the world. China is investing in and developing projects across the world - how are those moving forward and are they on course to deliver China's goal of becoming the primary global power by 2049.

Ikea to Further Scale Down Business in Russia, Belarus

Namibia Hikes Key Rate by Most in 15 Years to Temper Inflation

Qualcomm Wins Bid to Topple $1 Billion EU Antitrust Fine

End of Internet Explorer Era Spells Trouble for Japan Businesses

SoftBank Plans Additional London Listing for Arm IPO

Macron Doubles Down on Need to Talk With Russia to End War

Kishida to Be First Japanese Premier to Attend NATO Summit

World Cup Tourists Offered Tents Amid Accommodation Squeeze

Crypto Hedge Fund’s Tweet Fuels Speculation Over Losses

Harry Potter Publisher Says Covid Reading Surge is Here to Stay

So, How Was the 2021 Vintage in Bordeaux?

Federal Reserve Must Do More Than Raise Rates by 75 Points

The Fed Has a Narrow Path Between Inflation and Recession

Sweden’s Faux Neutrality Couldn’t Survive Putin’s Ukraine War

Lina Khan Has to Act Fast on Her Progressive Antitrust Agenda at the FTC

Janet Yellen Is Struggling at the Treasury Job She Never Wanted

The Fed Tried to Protect Main Street. Now It May Have to Make Everyone Suffer

Alibaba’s SCMP Poaches Former Expedia, AOL Exec for New CEO

Abortions Increased in 2020 in the US, Reversing 30-Year Declining Trend

Atlanta’s Mayor Calls for Limits on Investors Buying Up Homes

BP's $36 Billion Project Highlights Massive Green Hydrogen Hubs

The SEC War on Greenwashing Has Begun

Fiat Factory Roof Gets New Life as Public Space in Italy’s Motor City

Rahm Emanuel’s ‘Train Geek’ Diplomacy Is a Hit in Japan

The Future of Factory-Built Homes Hits the National Mall

What Happens To Your Bitcoin When You Die? Estate Planners Have Some Ideas

Crypto Hedge Fund’s Tweet Fuels Speculation Over Losses

MicroStrategy CEO Saylor Says No Margin Call on Bitcoin Loan

The plan to turn an idled terminal into a stadium and mixed-use development has met resistance from maritime groups who say the project could add to supply-chain woes.  

Jack London Square in Oakland is seen from Howard Terminal in 2019. The terminal is being considered for the Oakland Athletics new ballpark.

Photo by Jane Tyska/MediaNews Group/The Mercury News via Getty Images

The $12 billion plan by the Oakland Athletics to build a baseball stadium and real estate development on a parcel of industrial waterfront owned by the Port of Oakland has faced any number of challenges and opposition since it was proposed in 2018.

These include Oaklanders who are skeptical of the privately funded ballpark’s projected financial benefits and wary of the team’s demand for $855 million in tax breaks to fund infrastructure investments, all while attendance is falling at the team’s longtime home, the aging and increasingly decrepit Oakland Coliseum. But the stiffest resistance to the idea of building a 35,000-seat stadium at the port comes from major players within Oakland’s maritime industry: Groups representing truckers, ocean carriers, terminal operators, dockworkers and other port-related businesses have argued in three recent lawsuits that the development will cause major impacts to both the surrounding community and port operations, adding to supply-chain woes and dealing a permanent blow to the economic prospects of the third-busiest port in California.