In surprise move, Oakland will sell off Coliseum stake to pay salaries

In surprise move, Oakland will sell off Coliseum stake to pay salaries

24 days ago
Anonymous $6hYC3Wwiad

https://www.siliconvalley.com/2024/05/22/oakland-coliseum-sale/

Facing a steep budget shortfall with few easy solutions, Oakland officials said Wednesday the city will begin selling its share of the Coliseum — perhaps the most notable piece of real estate in the East Bay.

The city will speed up existing plans to eventually transfer its 50% ownership share of the 155-acre property — including the soon-to-be-former A’s stadium, nearby arena and lots of parking space in between — to a local Black-led group of developers.