If the Raiders are going to stay in Oakland, they’re going to have to find a way to do it without any money from the city taxpayers.
That’s the word from Oakland Mayor Libby Schaaf, who says she would not support spending any public funds on a new stadium.
Schaaf noted that taxpayers are already on the hook for millions of dollars a year in debt from previous renovations on the Oakland Coliseum. That debt won’t be paid off until 2026, and the city has no interest in spending more money on a new stadium while it’s still paying off the old stadium.
“That money we’re paying now is general-fund money we could spend on police, parks or libraries,” she said.
Whether the Raiders move to Los Angeles remains to be seen, but if they’re getting a new stadium somewhere, it won’t be in Oakland.