Report: Proposed stadium deal for Raiders in Oakland has projected $1.3 billion price tag

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As owner Mark Davis continues to push forward with intentions to move the Raiders to Las Vegas, the city of Oakland and a private group led by Ronnie Lott are still working on a plan that could present the team with a viable stadium alternative in the Bay Area.

According to Phil Matier and Andy Ross of the San Francisco Chronicle, the deal proposal currently being vetted by the city of Oakland and Alameda County would call for $600 million in private money, $200 million in public money from Oakland and Alameda County, $200 million from the NFL and an additional $300 million from Davis.

The private money behind Lott’s interest would come from Fortress Investment Group.

Several problems remain with the proposal. Perhaps the biggest one is that Davis has not engaged in talks with the group since he’s focused on Las Vegas and the agreement he has made with Sheldon Adelson for a stadium for the Raiders to play in. Additionally, Fortress Investment Group may ask for a stake of the team for their investment, which may not be palatable to Davis.

Nevertheless, it seems to be a more tangible proposal for the Raiders to stay in Oakland than anything that’s come along so far. The Raiders winning doesn’t hurt either, especially when it comes time to approve $200 million in public funds for a stadium.

21 responses to “Report: Proposed stadium deal for Raiders in Oakland has projected $1.3 billion price tag

  1. The 200 million from the city is for ‘infrastructure’. Also, the city/county is offering a 99 year lease for a dollar a year on the coliseum land that is valued at 150 million dollars (Avoiding property taxes?).

    And Ronnie Lott has went on TV TWICE to set the record straight that he nor the group he is representing is looking for ownership (even a minority share) of the team. However, Adelson is insisting on a portion of the team or its ‘bye-bye’. From the article, it says the league wants Lott as part owner. That might be the case, but Lott has been adamant that he wants no stake in the team.

    This Oakland deal is a lot better for the team and the league. Once, the politicians sign the term sheet next week, Davis should end the Vegas charade and close with Oakland so we can all be done with it and move on. #stayinoakland

  2. Davis’s insistence on not giving up a piece of the team makes any stadium deal unattractive for him since the stadium investors – whether in Oakland or in Las Vegas – won’t be willing to share stadium revenues with him without some other financial sweetener.

  3. “Fortress Investment Group may ask for a stake of the team for their investment, which may not be palatable to Davis.

    Nevertheless, it seems to be a more tangible proposal for the Raiders to stay in Oakland than anything that’s come along so far. The Raiders winning doesn’t hurt either, especially when it comes time to approve $200 million in public funds for a stadium.”

    Really? it seems to be the same ol sh..stuff to me.

    What difference does it make how good the deal “sounds”

    if someone may want a stake of ownership?

    May not be palatable?He already said that he is not interested.So a better article would be who is going to be the person or group to change his mind on this?

    Otherwise it is a non starter.

  4. Day late and a dollar short, Oakland. This should have been in the works years ago. Do you blame Mark for not paying attention to this bid when it took so long for it to come about? I don’t. You snooze you lose. Pay attention, San Diego.

  5. You get less for more here in commieland. Just look at Levy’s compared to Jerryworld.

    BUT, I’m glad to see the momentum continue. A couple home playoff games and this thing gets done this year, if not, next year.

    OAK

  6. I dont blame Davis for looking to move. For the last few years hes taken 1 or 2 year lease deals on the Coliseum in the hope something gets sorted with a new stadium in Oakland but nothing.

    Now right at the last second they come up with this finally. Hope its not too late but it sounds like it might be.

  7. Once again, the loyal fans of Oakland are used as mere pawns by the Davis family and will again be abandoned and left without a team. Thanks Mark Davis. The apple doesnt fall far from the daddy tree.

  8. Ronnie Lott and his group are living in a dream world. The Raiders are moving to Las Vegas. Mark Davis has committed $500 million to the Las Vegas stadium project. Oakland mayor has stated many times they are not paying one cent toward a stadium. Las Vegas has $750 million of public money to contribute. The entertainment capital of the world will win the Raiders. Hopefully 2016 is the Raiders last season in Oakland.

  9. city of Oakland playing their games again…200 million in public money, that they probably will want the public to vote on…stall, stall some more, then stall again……there is an old staying either crap or get off the pot…..at the end end of the day I think the city of oakland will be broken hearted , because they tried , but only farted.

    Go Raiders!

  10. So what do Ronnie Lott and his group get for $600 mil if Lott says they don’t want to own part of the team?

  11. So will Richardson just build a stadium, and say here you go Mark. We will build you a stadium and expect nothing in return. Come on who the hell builds anything for free? let a lone a stadium. Mark will have to give something up. Either to Richardson or the Lott group. He better choose wisely. I don’t see Las Vegas having the same home field advantage as Oakland. But the owners and league only care about $$$

  12. Mark Davis needs to apply for relocation ASAP. The opportunity in Las Vegas is too good to pass up. Super Bowls there will be incredible. The Raiders will need a practice facility in or near Las Vegas.

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