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Coliseum
The Coliseum Project Area is by far the largest-sized redevelopment area in the city. It incorporates areas associated with Network Associates Coliseum, the Oakland Airport, the commercial corridor along International Blvd., and most of the city's industrial land along the estuary. While this redevelopment area is relatively new (created in 1995), there has been a significant amount of activity in this area, second only to the Central District. Much of this activity has been focused around the airport and surrounding areas, the Coliseum, and the Fruitvale Transit Station.
Description of Project Area
Date Created: 1995
Created by Ordinance/Resolution: Ordinance No. 11824, C.M.S.
Redevelopment Plan Approved: July, 25 1995;
Amended July 29, 1997 to include Elmhurst and 77th Ave Redevelopment Areas
Plan Termination Date: July 25, 2025 (amendment expires July 29, 2027 )
Subject to 1993 Reforms: Yes
Tax Increment Revenue Limit: No Limit
Size: 6,764 Acres (approx 11 sq. mi)
Location (general): Southern city border to 22nd Ave and Estuary/Airport to International Blvd (E 14th St.)
Contacts
Community Economic Development Agency Staff:
Gregory Hunter
Coliseum Redevelopment Area Manager
(510) 238-2992
ghunter@oaklandnet.com
City of Oakland Coliseum webpage
Redevelopment Area Projects
Complete
- Airport Gateway/Hegenberger Road and 98th Avenue Streetscape Improvements
- Rainin Instruments
- Zhone Technologies Corporate Campus
- Damon Slough / MLK Shoreline Public Access Park
- Fruitvale Transit Village
- Home Depot
- Chavez Education Center
- Coliseum Lexus of Oakland
Underway
- Oakland Infiniti Dealership
- Oakland Coliseum Intercity Amtrak Station
- Doolittle Drive and Airport Access Road Streetscape Improvements
- Coliseum Transit Hub Streetscape Improvements
- Coliseum Garden Mixed Income Housing Development
- Hegenberger Gateway Shopping Center
- Neighborhood Commercial Revitalization
Proposed
- Oakland Airport Connector
- Coliseum BART Station Area Transit Oriented Development Concept Plan
Financial Information
Tax Increment (TIF) Revenue
| |
FY 95-96 |
FY 96-97 |
FY 97-98 |
FY 98-99 |
FY 99-00 |
| Gross TIF ** |
|
$888,569 |
$1,581,075 |
$2,933,236 |
$5,933,487 |
| Payments to Other Agencies |
|
$177,714 |
$316,215 |
$0 |
$0 |
| Set-Asides |
|
|
$411,080 |
$821,306 |
$1,661,376 |
| Net TIF |
|
|
$853,781 |
$2,111,930 |
$4,272,111 |
| |
FY 00-01 |
FY 01-02 |
FY 02-03 |
FY 03-04* |
FY 04-05* |
| Gross TIF ** |
$6,422,964 |
$9,853,237 |
$11,371,947 |
$10,897,481 |
$11,169,919 |
| Payments to Other Agencies |
$1,284,593 |
$1,970,647 |
$2,274,389 |
$2,179,496 |
$2,233,984 |
| Set-Asides |
$1,669,971 |
$2,561,842 |
$3,785,721 |
$3,912,196 |
$4,110,530 |
| Net TIF |
$3,468,401 |
$5,320,748 |
$5,311,836 |
$4,805,789 |
$4,825,405 |
* Projected in ORA Budget for FY 2003-2005
* *From State Controller “Community Redevelopment Agencies Annual Report” |
Set-Asides
| |
FY 95-96 |
FY 96-97 |
FY 97-98 |
FY 98-99 |
FY 99-00 |
| Housing Set Aside |
|
$177,714 |
$316,215 |
$586,647 |
$1,186,697 |
| ERAF Shift |
$0 |
$0 |
$0 |
$0 |
$0 |
| School Set Aside |
|
|
$94,865 |
$234,659 |
$474,679 |
| Total Set Asides |
|
|
$411,080 |
$821,306 |
$1,661,376 |
| |
FY 00-01 |
FY 01-02 |
FY 02-03 |
FY 03-04* |
FY 04-05* |
| Housing Set Aside |
$1,284,593 |
$1,970,647 |
$2,842,987 |
$2,724,370 |
$2,792,480 |
| ERAF Shift |
$0 |
$0 |
$352,530 |
$653,849 |
$781,894 |
| School Set Aside |
$385,378 |
$591,194 |
$590,204 |
$533,977 |
$536,156 |
| Total Set Asides |
$1,669,971 |
$2,561,842 |
$3,785,721 |
$3,912,196 |
$4,110,530 |
| * Projected in ORA Budget for FY 2003-2005 |
Bonds
| Bond Name/Type |
Issuing Agency |
Date |
Maturity Date |
Principal Outstanding
(as of 7/1/2005 )* |
| Tax Allocation Refunding Bond |
Wells Fargo Bank |
1/7/2003 |
9/1/2033 |
$22,700,000 |
| * Projected in ORA Budget for FY 2003-2005 |
|
Total Debt (As of 7/1/2005)
| Total Bonded Debt |
$ 22,700,000 |
| Other Debt |
$ 2,573,481 |
| Total Debt |
$ 25,273,481 |
TIF Projections
| |
FY 04-05 |
FY 05-06 |
FY 06-07 |
FY 07-08 |
FY 08-09 |
FY 09-10 |
| Yearly Incremental Revenue |
$971,604 |
$1,019,182 |
$1,067,711 |
$1,117,211 |
$1,167,701 |
$1,219,200 |
| Total Gross TIF Revenue |
$11,406,000 |
$11,956,000 |
$12,517,000 |
$13,089,000 |
$13,672,000 |
$14,266,000 |
| Total Net TIF Revenue |
$5,508,000 |
$5,774,000 |
$5,967,000 |
$6,164,000 |
$6,356,000 |
$6,552,000 |
| From 2003 Tax Allocating Bonds, page 45 |
Demographics
| |
Coliseum |
1990 |
2000 |
% change |
| Total population |
32,156 |
38,511 |
20 |
Race |
|
| % White |
12 |
20 |
|
| % Black |
65 |
42 |
| % Am. Indian/Alaskan Native |
0 |
1 |
| % Asian/Pacific Islander |
7 |
5 |
| % Other |
16 |
26 |
| % Two or more races |
N/A |
5 |
| % Hispanic |
24 |
42 |
Income |
|
| Mean Household Income (1999 $) |
33,656 |
40,711 |
21 |
| % Persons Below Pov. |
25 |
24 |
|
Employment |
|
| % Labor Force Unemployed |
16 |
14 |
|
| % 16 yrs+ not in labor force |
47 |
49 |
Housing |
|
| % Owner occupied housing units |
45 |
44 |
|
| % HH paying > 30% of income for housing |
45 |
43 |
|
| Mean value of owner occ. housing units (2000 $) |
115,553 |
130,608 |
13 |
Educational attainment |
|
| % 25 yrs. + with HS deg. or higher |
56 |
52 |
|
| % 25 yrs. + with bach. deg. or higher |
6 |
7 |
| Source: US Census Bureau, Summary File 3, 1990 and 2000 |
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