City Council to consider Oakland Coliseum sale amendment

An affirmative vote would approve the sale of the city’s 50% stake in the Coliseum for $110 million, plus 6% of all future annual gross ticket sales from events at the location.
By KTVU FOX 2 News · · 1 min read

An affirmative vote would approve the sale of the city’s 50% stake in the Coliseum for $110 million, plus 6% of all future annual gross ticket sales from events at the location.
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The vote means the City Council will reconvene later in July to determine the official fate of the Oakland Coliseum.
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Oakland city leaders on Monday approved a proposal to sell the city's 50% ownership stake in the Oakland Coliseum complex, a deal supporters say could bring new economic opportunities and development to the city.
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An affirmative vote would approve the sale of the city’s 50% stake in the Coliseum for $110 million, plus 6% of all future annual gross ticket sales from events at the location.
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OAKLAND, Calif. (KRON) -- Oakland leaders on Monday are expected to vote on a major deal that could shape the future of the Coliseum complex. If approved, the city’s 50% share would be sold to the Oakland Acquisition Company for $110 million, with an additional $15 million to be paid when buildin...
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