After commissioning a study on a new stadium, the Raiders believe a 50,000-seat complex on the site of their current home would suit their needs.
However, they do not want to pay the entire bill for the project.
These were among the details disclosed at a Monday meeting regarding the Raiders’ stadium situation, the Oakland Tribune reported Monday.
According to the Tribune, David Stone, a consultant working with Alameda County and Oakland officials regarding the prospect of a new stadium, said the Raiders’ study found a 50,000-seat complex would cost about $800 million. Per the Tribune, the Raiders have proposed paying for $300 million of the project, Stone said Monday.
“Both sides are conducting studies to determine the demand and financial viability of the project,” Raiders director of public affairs Mike Taylor told the Tribune.
The Raiders’ lease with O.Co Coliseum, their current home, is up after the 2013 season.
While 50,000 seats seems small for an NFL stadium, that’s all that would be needed, according to the study commissioned by the team, per the Tribune. Of note: the Raiders will reportedly reduce capacity in O.Co Coliseum for the 2013 season.