San Jose Extends Land Purchase Option To A’s For New Ballpark

SAN JOSE (CBS/AP) — San Jose is giving the Oakland Athletics up to two years to buy 5 acres of land downtown for a new stadium.

The City Council voted 10-1 on Tuesday to approve extending the land-purchase option to the team. Under the deal, the A’s would pay $50,000 to lock in a $6.98 million price tag for the 5-acre plot for the next two years.

The team could pay an additional $25,000 to extend the purchase option for a third year.

The A’s hope to build a new ballpark in San Jose, which is about 40 miles south of their current home. But they need Major League Baseball’s approval since the San Francisco Giants currently hold territorial rights to the San Jose area.

 

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 

 

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