SAN FRANCISCO (AP) — The departing Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development
SAN FRANCISCO — 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 group’s managing member Ray Bobbitt said they are 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 Céline Dion. “It’s really Oakland’s opportunity to invest in East Oakland and to create a revitalization of the entire area,” he said.
The Coliseum and Arena were once home to the Oakland Raiders and Golden State Warriors. The NFL’s Raiders moved to Las Vegas and the NBA’s Warriors left for San Francisco in recent years, leaving professional sports fans in the East Bay Area desolate.
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