The Oakland Athletics has reached a tentative agreement to sell its half of the Coliseum to a private Black development group for $125 million.
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 African American Sports & Entertainment Group and the A's affiliate Coliseum Way Partners announced the deal in a statement Monday.
The group’s managing member Ray Bobbitt said it is 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 Celine Dion. Developers have also discussed hotels, a restaurant row, open parks space and housing that is both affordable and market rate on the property by Interstate 880, he said by phone.
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