The Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development group for $125 million.
The departing Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development group for $125 million, paving the way for the group to build a giant entertainment and sports complex in a long-neglected part of the San Francisco Bay Area city. The African American Sports & Entertainment Group and the A's affiliate Coliseum Way Partners announced the deal in a statement Monday.
The group’s managing member Ray Bobbitt said it is still in the general plans and ideas stage, but in all scenarios, the Oakland Arena would stay and continue hosting profitable ventures such as Disney shows and singers, such as Celine Dion. Developers have also discussed hotels, a restaurant row, open parks space and housing that is both affordable and market rate on the property by Interstate 880, he said by phone.
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Oakland A’s to sell stake in Coliseum to local Black development groupSAN FRANCISCO (AP) — The departing Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development
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Oakland A’s agree to sell Coliseum share to Black-led development groupIt 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…
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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 A's reach $125M deal with local group to sell its portion of ColiseumIn a statement, the team said it is pleased to have reached this deal with the African American Sports and Entertainment Group that can help 'provide substantial opportunities and benefits for Oakland.'
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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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