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Thursday, December 14, 2017

Alameda County supervisors begin talks Tuesday to sell its half of Coliseum to Oakland

ALAMEDA COUNTY
Alameda County officials are moving quickly toward a potential sale of its portion of the Coliseum complex to the City of Oakland.

Alameda County Administrator Susan Muranishi will recommend at next Tuesday morning's Board of Supervisors meeting that the county move to "expand discussions and negotiations" with Oakland city officials over not just the Coliseum proper, but the former Malibu Grand Prix lot on Coliseum Way, and the Raiders training facility in Alameda.

County supervisors are also scheduled to discuss the Coliseum negotiations in closed session, prior to the regular meeting.

The cost of the Coliseum property is unclear, but last year, an investment group looking to buy the land and build a new stadium for the Raiders reportedly offered $167 million. In addition, the city and county have large debt obligations at both the Coliseum and Oracle Arena, following renovations in the late 1990s.

Oakland officials declined during a recent Coliseum Joint Powers Authority meeting last month to speculate on how the debt would be paid down in the event of a sale .

The Oakland-Alameda County Coliseum is jointly owned by both government entities. However, the arrangement over the years has often been mentioned by public officials and team owners as being a impediment during past ill-fated negotiations for new stadiums. The Golden State Warriors, Oakland Raiders and possibly the Oakland Athletics have all made plans to leave the complex within the next 5-6 years.

Oakland Councilmember Larry Reid acknowledged last month the existence of the city, county and Coliseum JPA being a unwieldy obstacle for the sports franchises and investors interested in developing the property in the future.

The county appears to be in agreement, noting the future of the property will not likely include the current configuration as a sports-only attraction. Muranishi, in a staff report, wrote, "With these changes, future development and use of the properties would be best managed by a single party, the City."

2 comments:

  1. By MW:

    I am a resident of Alameda County, but not of Oakland. In fact, I live in an unincorporated section of AC.

    As a "sweetener," I suggest we throw a few of AC's politicians in as a free bonus so as to make the deal more "attractive."

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  2. By MW:

    Related to my above comment, in any negotiations Alameda County enters into in attempts to try to sell its interest in the Coliseum, it should not only offer to throw in its politicians as a free bonus, but also its professional pathological liars with law licenses in the DA's office and County Counsel's office, and also at least most of the higher ranking managers in the Public Works Agency.

    Sometimes in bigtime professional sports a team will trade away one or more supposedly great players, and then the next year will have a considerably better won-lost record without those supposedly "great" players, and which caused one general manager who engineered such a deal, and with his team much more successful the following year, to state "SOMETIMES YOU ADD BY SUBTRACTING."

    And if Alameda County wanted to improve public safety, AND ESPECIALLY FIRE SAFETY, it would get rid of the phonies, frauds, and professional pathological liars in Public Works, and even though they have resumes "proving" they are "experts."

    For instance some of those "experts" definitely "know" that having tree branches overhanging, and in some cases actually laying on, house roofs constitutes fifteen feet of defensible space. In other words AC government, and especially its Public Works Agency, is heavily infested with "sophisticated," fancy talking, and "highly educated" submental retards.

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