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SF Assessor sues Giants, appeals board over Oracle Park

September 5, 2019

By Adam Brinklow : curbed – excerpt

Carmen Chu says ballpark is worth millions more than team wants to pay

In a surprise move, San Francisco Assessor Carmen Chu is suing the San Francisco Giants and even the city’s own Assessment Appeals Board as the latest salvo in a long battle over the value of Oracle Park.

As the San Francisco Chronicle’s Phil Matier explains, Chu most recently valued the waterfront ballpark at $430 million in 2017—up $15 million from just two years ago.

On the other hand, the team insists that the stadium is actually worth just $298 million—down $9 million compared to 2015.

This goes straight to the heart of an idealogical conflict common with sports teams and their host cities… (more)

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