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
- Contacts
- Projects within Redevelopment Area
- Financial Information
- Demographic Information
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.)
- Redevelopment Plan (12.1 MB)
- Amendment #1 to Redevelopment Plan (3 MB)
Contacts
Community Economic Development Agency Staff:
Gregory Hunter
Coliseum Redevelopment Area Manager
(510) 238-2992
ghunter@oaklandnet.com
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
Total population 32,156 38,511 20 % White 12 20 % Black 65 42 % Am. Indian/Alaskan Native 0 1 % Asian/Pacific Islander 7 5 % Other 16 26 % Two or more races % Hispanic 24 42 Mean Household Income (1999 $) 33,656 40,711 21 % Persons Below Pov. 25 24 % Labor Force Unemployed 16 14 % 16 yrs+ not in labor force 47 49 % 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 % 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