It paves the way for the African American Sports and Entertainment Group to have full ownership of an important piece of East Bay real estate, including the baseball stadium, arena and vast space i…
African American Sports and Entertainment Group founder Ray Bobbitt, front left, sits alongside Oakland Mayor Sheng Thao and city administrator Jestin Johnson as he signs a term sheet with the city to acquire the entire Coliseum complex — a deal formally announced at Oakland City Hall on Tuesday, July 30, 2024.
It paves the way for the African American Sports and Entertainment Group to have full ownership of an important piece of East Bay real estate, including the baseball stadium, arena and vast space in between.the other 50% share of the site — owned by the city of Oakland — for $105 million, bringing to end a longstanding joint-ownership structure of the property.
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Oakland inks deal to sell Coliseum to Black-led private development groupBy selling its share of the site, the city hopes to resolve a $177 million budget shortfall without layoffs.
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Oakland Athletics agree to sell stake in Coliseum complex to private development groupThe Oakland Athletics have agreed to sell its stake in the Coliseum complex to private developer African American Sports & Entertainment Group for $125 million, the developer announced Monday.
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Oakland mayor details terms of city's deal to sell its share of the ColiseumOakland Mayor Sheng Thao touted her deal to sell the city's share of the Oakland Coliseum Tuesday morning.
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Oakland Mayor Sheng Thao to outline deal to sell share of Coliseum complexOakland Mayor Sheng Thao is speaking Tuesday after the city reached a deal to sell its share of the Coliseum complex site to a group planning for a massive entertainment, retail, and residential development.
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Oakland reaches deal to sell share of Coliseum complexThe City of Oakland has reached a deal to sell their share of the Coliseum complex site where the Oakland Athletics currently play.
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Oakland inks deal to sell Coliseum to private development groupBy selling its share of the site, the city hopes to resolve a $177 million budget shortfall without layoffs.
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