By selling its share of the site, the city hopes to resolve a $177 million budget shortfall without layoffs.
On Monday night, Mayor Sheng Thao announced the signing of a term sheet with the African-American Sports and Entertainment Group, a private development group.posted to social media. “And let me be clear, this isn’t just a short-term solution. It’s a deal that will lead to a multi-billion-dollar investment in East Oakland.”
The other half of the Coliseum property – which includes the stadium, arena and parking lots – is owned by the soon-to-depart Oakland Athletics. The baseball team is similarly discussing a sale to AASEG that would pave the way for the site to be transformed into a new hub of live entertainment, nightlife, hotels and housing.Dear Abby: My wife is stressed by our daughter's bad-news boyfriendMiss Manners: They made a huge scene at the weddingAsking Eric: It's my first grandchild.
‘My entire childhood was taken from me’: Advocates push for ban on child marriage after bill stalls in statehouseAlexa Knierim has waited more than 900 days to receive the Olympics gold medal she won in 2022. Here’s why. ‘My entire childhood was taken from me’: Advocates push for ban on child marriage after bill stalls in statehouse
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