A deal has been reached between the City of Oakland and the Coliseum to sell off the city's half of the venue.
A deal has been reached between the City of Oakland and the Coliseum to sell off the city's half of the venue. According to a Chronicle report, the previously revealed plans for the $105 million deal will see half of the 112-acre site be sold to the private African American Sports & Entertainment Group with payments being made in installments over the next few years. The newspaper also reports the deal means the city avoids mass layoffs.
It's emotional, because I know that this is the very beginning works of an incredibly sustainable Oakland and not just that, but it will open up all the beautiful opportunities for our young people to be successful." In May, Mayor Thao announced that the city was selling their share of the historic site.
Ca Alameda County Oakland News Mlb Athletics People Sheng Thao
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