The study, which was not made available to council members or posted online until after 7 p.m. Tuesday, states that the ballpark and housing-commercial development would cost $1.8 billion to construct.
Titled the "Ballpark Village Economic Analysis," the report also says the village would:
-Create about $109 million in direct economic impact to Alameda County.
-Create about 1,760 jobs within Alameda County and generate more than $191 million per year in county economic output, when including indirect effects and other economic impacts of the project.
-Generate more than $10 million in development fees for the Fremont Unified School District.
- Generate more than $3.6 million per year for Fremont's general fund balance.
-Generate more than $15 million annually for the city's Redevelopment Agency, in the form of property tax increments and set-aside funds for low- and moderate-income housing.
Wolff told council members that the team would cover any ballpark cost overruns. And the A's will pay the city of Fremont $1 million annually to support city services connected to the project, according to the report.
However, the report does not mention potential costs to the school district to construct new schools or pay for other solutions to accommodate students from the village's 2,900 new homes. Nor does it state whether the development-created general fund revenue matches the amount the city would need to spend for additional police officers, firefighters and street maintenance that would accompany the village.
At Tuesday's meeting, the A's did not file the long-awaited development application with the city for their ballpark village concept. Nor did they announce that they have completed the transaction that would transfer control of Cisco Field's proposed 143-acre Fremont site to the ballclub.
But team owners might argue that their .333 average for the night, while excellent for baseball, also was good enough to show progress on the project.
The A's co-owner was present when copies of the report, hot off the presses and prepared by team-hired consultants Economics Research Associates, first were given to the five-member council at its weekly meeting.
After Wolff and Economics Research Associates executive Steven Spickard together gave a 14-minute presentation, Fremont council members kept their comments brief, mainly because they had not yet had a chance to read the 60-page document.
"I don't know what to ask because I haven't seen the report," Councilmember Bob Wieckowski quipped. "I'll read."
Two members of the public spoke, giving contrasting views of the project. Fazlur Khan, a member of the Fremont Senior Commission, spoke in favor of the ballpark village.
"It will land Fremont on the world map," Khan said.
Meanwhile, Oakland resident Janet Gauthrop, dressed in the team's green-and-gold colors, expressed concern over the project's possible environmental impacts on nearby wetlands.
Wolff briefly addressed environmental concerns in his presentation, saying that traffic and environmental impacts would not exceed the amount that would have been generated by the 3.8 million square feet of office space that was planned for the site in the late 1990s.
Councilmember Anu Natarajan thanked Wolff for delivering the report, adding that she and her colleagues are "really thirsty to get our hands on something" related to the potential development, which would be the city's largest ever.
The ballpark village would have up to 2,900 housing units covering 120 acres, giving it a density of 24 homes per acre, according to the study. The commercial space would be 550,000 square feet of stores, restaurants and a 100-room boutique hotel.
The ballpark, which would seat between 30,000 and 34,000, would have an estimated construction tab as high as $500 million.
Three weeks ago, Wolff filed a one-page document that city officials called "an application to negotiate a development agreement." The A's also have paid a $500,000 deposit that they included with the filing.
For months, Wolff has said he will file the development application when he finalizes the deal to acquire control of the 143-acre Fremont parcel where he hopes to build the ballpark. Cisco Systems Inc., a San Jose tech company, has a 34-year lease to control the land, which is owned by ProLogis (formerly Catellus), a Denver-based tech giant.
After his presentation, Wolff was asked if he knew the development application was coming soon. "No," he replied.
Does he have target date for the land transaction?
"Wish I did," he said, smiling.
A Cisco spokeswoman did not return phone messages Tuesday regarding the land deal.
Wolff, who has been meeting with Fremont staff members as often as twice a month since December, now controls or plans to control more than 200 acres adjacent to Pacific Commons shopping center and west of Interstate 880.
Wolff simultaneously is pursuing a new soccer stadium in San Jose, where he hopes to start a new Major League Soccer franchise.
While discussions with San Jose State University officials ended without a deal last month, Wolff reportedly has set his sights on a 75-acre city-owned site near the Mineta San Jose International Airport.
Similar to Wolff's generally stated plans for financing the Fremont ballpark village, he reportedly is seeking to pay for the 20,000-seat soccer stadium estimated to cost between $80 million and $100 million by asking the San Jose City Council to rezone industrial property to housing. That would increase the land's value. The additional profits from the land-use change then would be used to finance stadium construction costs.
Contact Chris De Benedetti at (510) 353-7002 or firstname.lastname@example.org.