As billionaire owner moves the team to Las Vegas, he still controls a key interest in the East Bay sports complex.
The A’s and the city of Oakland are divorcing, but the team continues to cling to its ownership share in the family home.
It’s a travesty that, as Fisher works to move the A’s to another city, he can still control the destiny of a prime piece of once-public property with incredible transportation access, including an interstate freeway on one side, a BART station and Capitol Corridor train stop on the other, and an international airport just three miles away.Blame the Alameda County Board of Supervisors for this debacle.
Nevertheless, the team wanted to buy the county’s share of the Coliseum. “We want to privately finance a new ballpark here in Oakland, and this action will go a long way in making that happen,”. In other words, development profits from the Coliseum site could help offset the other project. . Yet, they still control half-ownership of the Coliseum, giving Fisher the ability to block future development there.Meanwhile, Oakland officials, who want to see new housing and commercial development on the Coliseum property, in January entered into an exclusive negotiating agreement with African American Sports and Entertainment Group to eventually sell it the city’s half-interest in the site.
Without city intervention, this stalemate could drag on for years while the Coliseum site lays fallow except for theWhich brings us to eminent domain. If the city demonstrates that it plans to use the site for a public purpose — such as redevelopment, economic revitalization, recreational amenities or open space — it could exercise eminent domain to acquire the A’s share of the Coliseum, legal experts say.
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