Oakland has reached a landmark deal to sell its 50% ownership share of the Coliseum to the African American Sports & Entertainment Group for at least $105 million. The sale will help the city close a big budget deficit and avoid drastic cuts to essential services. The deal marks the end of decades of city ownership and comes as the Oakland Athletics play their final season in the stadium.
The city of Oakland confirmed to CoStar News it intends to sell its 50% portion of the Coliseum to African American Sports and Entertainment Group (AASEG), a local investment and development group, for at least $105 million. https://t.co/RsGbyia7GG
LETTERS TO THE EDITOR: Sale of Coliseum won’t fix Oakland’s budget problem. Here’s why https://t.co/d7vLtgJAFT
Developer Purchases Half of Oakland A’s Stadium, Plans $5B Redevelopment https://t.co/1NpNFuXToB
Oakland will sell its share of the Coliseum to the African American Sports & Entertainment Group, an Oakland-based group of largely Black developers and investors for a minimum of $105 million. https://t.co/mwQTrTKz8K
Here's what's next for the Oakland Coliseum property in the wake of the city selling its half to a Black-owned private development group. 📝: https://t.co/PWLb7Icehv https://t.co/EN5Er6SNaa
Oakland’s plan to sell its share of the Oakland Coliseum Complex will help the city to close its budget deficit without laying off city employees or cutting public safety, Mayor Sheng Thao announced Thursday. https://t.co/fke9fsBqMa
I wrote about where things currently stand regarding the Oakland Coliseum property after its landmark sale yesterday, and answered some questions some people might have about What The Hell Is Next? https://t.co/eXrKFUvlaj
Oakland Coliseum Sale Expected to Help City Avoid Drastic Budget Cuts https://t.co/2jX4o5gL2q
The City of Oakland has agreed to sell its half of the Oakland Coliseum site to a private developer. The deal will reach a minimum of $105 million, which will help the city make up a two-year, $177 million budget deficit. @mgfleming12 has more on the new owners ⬇️
The former home of the Oakland Athletics baseball team in #California's Bay Area could join the ranks of sports-anchored redevelopments taking place across the country following a potential sale of the stadium to a local development group. https://t.co/RsGbyia7GG
Oakland was preparing to make difficult cuts to policing, firefighting and other critical services. But the surprise agreement to sell the Coliseum allowed budget planners to avoid this fate. https://t.co/vFvOHy3EjS
With the Oakland Athletics playing their final season in Oakland, the city has agreed to sell its stake in the stadium where the baseball team has played since 1968 https://t.co/mo4ebCm0en
The city of Oakland has reached an agreement to sell its 50% ownership share of the Coliseum to a local buyer, the African American Sports and Entertainment Group. https://t.co/MiRUT4YN9q
The African American Sports & Entertainment Group will tentatively purchase Oakland’s 50% ownership share of the Coliseum for $105 million, Mayor Sheng Thao’s office confirmed to KQED. https://t.co/6v2y7726Tl
The Oakland Coliseum's future is coming into focus as the city sells its ownership stake to a developer. https://t.co/KNmaLtGFa9
Oakland reaches landmark deal to sell Coliseum site to developers, ending decades of ownership https://t.co/AjrpHK2iC3 via @sfchronicle
Oakland sells its half of the Coliseum to developer for $105M https://t.co/XBuEArjYLd
Oakland to Sell Coliseum to Black-Led Developer Group After A’s Depart https://t.co/lRnbQn8Jax
Oakland reaches deal to sell Coliseum site to developers AASEG for at least $105 million, ending half-century of ownership and helping close big budget deficit. https://t.co/jO48BDoSzJ