The City of Oakland is making its pitch to keep the Raiders in town and Mayor Libby Schaaf said Tuesday that it has reached a framework agreement for a new stadium created to prevent the National Football League team from leaving.
The framework will now be evaluated by county representatives in a closed session on Tuesday and by the city council in a closed session on November 29. She will now meet with city council and representatives from the area in in-camera sessions for the remainder of the week to further outline the deal.
Oakland has struggled to find a way to keep the National Football League team without using taxpayer money for a new stadium.
The agreement would need to be approved by the Board of Supervisors and the Oakland City Council before the groups could move forward. The photo above shows the proposed stadium in Vegas.
Which pushed the Raiders to the $1.9 billion Las Vegas stadium proposal and as Davis logically points out, that now is his only true option for a new stadium.
Not an actual deal, mind you, with paperwork and numbers and addenda and legal arglebargle, but merely a basis for negotiations in which the details by which the city of Oakland and Alameda County turn over the grounds to what we will call The Lott Group for simplicity's sake.
Davis has previously stated that the franchise will play the next two seasons in Oakland even if the Las Vegas move is approved.
Schaaf has long opposed spending public money on a new stadium for the Raiders.
The deal does include the Raiders' participation.
Former Raiders player Ronnie Lott was leading a consortium to try and build a new stadium for the team in the Bay Area, and reports suggest that group's proposal has been accepted by lawmakers.
She said she understands that Davis is frustrated with Oakland, saying that it was her job to bring him a deal that was competitive with Nevada's. She would not comment on how many candidates they are looking at. Instead, it's one between the mayor and a group that's hoping to keep the Raiders at home in Oakland. Plus, Perez asked out loud, "What is Lott getting out of it?"
That stadium is considered by most experts, including Oakland mayor Libby Schaaf, to run in the neighborhood of $1 billion, with the city and county's contribution limited to infrastructure improvements that are loosely estimated now at around $190 million, to be generated by some new tax or taxes as opposed to access to the general fund.