Howard Terminal Update – Oakland Doesn’t Need Alameda County For Tif, Loren Taylor Town Hall Tonight

Howard Terminal Update – Oakland Doesn’t Need Alameda County For TIF, Loren Taylor Town Hall Tonight

Oakland News Now – Howard Terminal Update – Oakland Doesn’t Need Alameda County For TIF, Loren Taylor Town Hall Tonight – video made by the YouTube channel with the logo in the video’s upper left hand corner. is the original blog post for this type of video-blog content.

Howard Terminal Update – Oakland Doesn’t Need Alameda County For TIF, Loren Taylor Town Hall Tonight

The reason that the City of Oakland does not need The County of Alameda for Howard Terminal Financing using tax increment financing. The City of Oakland is putting out that idea, but it’s not true. The law does not say that the County must be involved in a tax increment financing effort – they don’t play, their money is not used. But that does not stop the financing. The County of Alameda represents just 15 to 20 percent of total expected TIF revenue – you can make that up, if you know the math.

The reason is the City can replace the lost tax increment revenue from the County of Alameda’s share by adding 15 percent more to the base year assessed value that the City of Oakland should be planning to have in place for base year one. That should be $2 billion, which would yield $1.6 billion in tax increment revenue assuming a 4 percent annual rate of growth in assessed value over a 45 year period. A bond issue should be 50 percent of that $1.6 billion to reflect a 2-to-1 debt coverage ratio ($2 of tax increment revenue to $1 of the bond issue size).

So, if you lose the County of Alameda, you face a 15 percent drop in TIF revenue. That’s OK. If you want to make up the difference, just get a developer partner (The A’s want one) and add another structure that would bump up the $2 billion in base year assessed value to $2.15 billion.

That’s how it can be done. But the Oakland A’s are tired of waiting for the City of Oakland to get it together and I think are off to Las Vegas, which is more friendly toward building large structures in public-private partnerships.

You can try any Howard Terminal land use and fiscal scenario via my spreadsheet, click here.

Also, ask Councilmember Taylor why does he not use the new AB 464 legislation to make TIF zones in his district and Oakland to get billions (yes, I wrote that) for Oakland business? Ask him.

Here’s the info for this evening:

Councilmember Taylor will be hosting a virtual community discussion regarding the Oakland A’s Howard Terminal Project this Monday, September 27th at 6:00PM over Zoom.

The link is:


Note from Zennie62Media and : this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. What we call “The Third Wave of Media”. The uploaded video is from a YouTube channel. When the video is “liked” by Zennie62 YouTube, then it is automatically uploaded to and formatted automatically at the Oakland News Now site and Zennie62-created and owned social media pages. The overall objective here, on top of our is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours – is the use of the existing YouTube social graph on any subject in the World. Now, news is reported with a smartphone and also by promoting current content on YouTube: no heavy and expensive cameras or even a laptop are necessary, or having a camera crew to shoot what is already on YouTube. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.

Oakland News Now Recent Posts

Oakland News Online Links From Oakland's Only News Aggregator Blog

Oakland News Now Archives

Oakland News Now - SF Bay Area, East Bay, California, World