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Stadium Deals Newsbeat

Wednesday, December 25, 2019

Alameda County agrees to sell its share of Oakland Coliseum to A’s

The Alameda County Board of Supervisors voted Monday to sell its ownership in the Coliseum complex to the Oakland A’s, capping a years-long effort by the county to get out of the sports business and all but securing the baseball team’s future in the East Bay.

The unanimous decision comes after months of fighting with the city of Oakland over whether the county should be allowed to sell its share of the stadium site, which is jointly owned by the county and the city. The city filed a lawsuit in September to block the sale but has since dropped the suit.

The county has been trying to reduce its involvement in professional sports after running up millions in debt renovating the Coliseum for the return of the Raiders from Los Angeles in 1995. The sale of the complex would save the county up to $13 million a year in debt payments.

The A’s, who have shared the Coliseum with the Raiders, hope to redevelop the area into a “multisports facility” that would include affordable housing and parks. The city, which will remain the co-owner of the site, would have to approve future plans.

 

 

QLE Posted: December 25, 2019 at 01:21 AM | 3 comment(s)
  Beats: athletics, oakland coliseum, stadium deals

Friday, December 06, 2019

What we know about the Angels’ deal with Anaheim - Los Angeles Times

The last and most important question: Can the Angels still afford to sign Gerrit Cole?

Yes, but the cost probably would not be much less than — to pick a not-so-random number — $325 million. Maybe the Angels could throw in naming rights for a new ballpark and replace Angel Stadium with Cole Field.

Jim Furtado Posted: December 06, 2019 at 08:26 AM | 8 comment(s)
  Beats: angels, stadium deals

 

 

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