Ballpark FundsDecember 1, 2017 |
by Matier & Ross
The Peralta Community College District, which owns the land in Oakland where the A’s want to build their new ballpark, is facing some tough financial times.
The district’s financial reserves have shrunk by more than $12.7 million since 2015, leaving it with only $7.7 million in savings. That amounts to 5 percent of Peralta’s operating budget, the bare minimum of what’s considered prudent by the state for community colleges.