Question

Develop a public financing plan for a new baseball stadium in Oakland, California, to host the Oakland A's. The stadium will have a total cost of $750 million, and the public will finance 35% of the construction cost. The city of Oakland will be the sole source of public financing. Devise a public financing plan that uses funds from at least three different sources.

Answer 1

To develop a public financing plan for a new baseball stadium in Oakland, funds can come from tax revenue, bonds, and private investments.

Step-by-step explanation:

To develop a public financing plan for a new baseball stadium in Oakland, California, to host the Oakland A's, you will need funds from at least three different sources. The total cost of the stadium is $750 million and the public will finance 35% of the construction cost. Here's a public financing plan that utilizes funds from multiple sources:

1. Tax Revenue: The city of Oakland can allocate a portion of their tax revenue to finance the construction of the stadium. This can come from various taxes, such as property taxes, sales taxes, or hotel taxes.
2. Bonds: The city of Oakland can issue bonds to raise funds for the stadium construction. These bonds can be repaid over time using future tax revenues or stadium-related revenue streams.
3. Private Investments: The city can attract private investors who are interested in investing in the stadium project. These investors can provide funds in exchange for future returns on their investment.

By utilizing funds from tax revenue, bonds, and private investments, the city of Oakland can develop a public financing plan that supports the construction of the baseball stadium.