The Oakland A’s have settled on land near Laney College as their preferred spot for a 35,000-seat, privately financed ballpark to replace the Coliseum, team officials said Tuesday.

“Finally, we’ve got our site,” team President Dave Kaval said of the 13-acre location near downtown, which the A’s selected after also considering the Oakland Coliseum site and land on the waterfront northwest of Jack London Square. “It’s really the strongest location when it comes to private financing, and that’s really an important component to be successful.”

The A’s hope to play their first game at their $500 million-plus ballpark in 2023. But there’s a lot that has to happen first — starting with cutting a deal with the Peralta Community College District, which owns the site and has its headquarters there.