Big news! Oakland set to SELL their half of Coliseum скачать в хорошем качестве

Big news! Oakland set to SELL their half of Coliseum

I'm hearing the City of Oakland has agreed to sell their half of the Coliseum property to AASEG for $105M (potentially more with development deal). This will be a huge boost to Oakland’s future budget, which helps keep fire stations open, police funded and City jobs intact. There will be a 3pm presser later today with Oakland Mayor Sheng Thao and AASEG. The A’s just completed their final payment for the County’s half of the Coliseum site last week, and will continue to be motivated to sell their half to AASEG, too. AASEG getting the City’s half, should expedite that. My sources say A’s/AASEG also have a term sheet and purchase price negotiated for the other half. The A’s/County sale is being challenged in the courts under the Land Surplus Act and furthermore, if the A’s don’t “play ball” they could face losing the land via eminent domain. It's worth noting, the A’s made a deal to pay the County $85M for their half of the Coliseum property in 2019. They’ll likely be selling it for around $125M, which is a massive profit. Stay up to date with the Baseball Stadium Saga on X! https://www.X.com/CaseyPrattABC7 Additional Art by ‪@TattooingWithBen‬