business
Oakland moves forward with new deal for sale of Coliseum property
By Velena Jones at NBC Bay Area (KNTV, NBC)
· July 13, 2026
· 2 min read
After years of failed negotiations and delayed plans, Oakland is moving forward with a new agreement to sell its portion of the Coliseum property for $125 million.
Oakland city leaders said a revised deal to sell the city’s share of the Coliseum property to the Oakland Acquisition Company, whi...
Key takeaway “It’s a deal that will bring in city revenue, create good paying jobs and drive real economic opportunities for our residents,” Mayor Barbara Lee said.
Why this matters in The San Francisco
The Oakland City Council's review of the updated Coliseum sale terms will have significant implications for the city's finances and development plans. With a 50% interest in the complex, Oakland stands to gain substantially from the proposed $125 million sale, particularly with the added financial protections and reduced risks. The potential for an all-cash sale of the arena parcel could also provide a much-needed influx of funds for the city. As the council considers the new terms, they will likely weigh the benefits of the sale against the potential loss of the Coliseum as a venue for local sports teams, such as the Oakland Roots, which has already announced it will not return to the Coliseum for the 2027 season. The council's decision will be closely watched by residents and business owners, who will be eager to see how the sale proceeds will be used to benefit the community.
About this story
Original reporting by NBC Bay Area (KNTV, NBC) . The San Francisco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NBC Bay Area (KNTV, NBC) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 13, 2026 ·
Source: NBC Bay Area (KNTV, NBC) ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? After years of failed negotiations and delayed plans, Oakland is moving forward with a new agreement to sell its portion of the Coliseum property for $125 million.
Oakland city leaders said a revised deal to sell the city’s share of the Coliseum property to the Oakland Acquisition Company, whi...
When was this published? This article was first published on July 13, 2026 by NBC Bay Area (KNTV, NBC) and curated for The San Francisco readers.
Who reported this story? This story was reported by Velena Jones at NBC Bay Area (KNTV, NBC). To learn more about how The San Francisco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Francisco, or browse our daily briefing and topic hubs .
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