The San Francisco Giants are looking to have their property tax re-assessed, as is their legal right. This comes as the San Francisco 49ers are working to decrease their rent. Good times for Bay Area sports!
Bay Area sports teams have had a notable recent history of stadium issues, and we can add the San Francisco Giants into the mix! The team is attempting to get a break on property taxes for AT&T Park, claiming the stadium has depreciated in value. They believe the value has dropped to $158 million, and they should receive a refund of $8 million covering property tax payments from 2011 to 2014.