Oakland Scrapping Raiders Plan, Eyes Smaller Project

It's looking like the plan to keep the Oakland Raiders from traveling south to LA has hit a major speed bump, and the city is tossing out its current plans in favor of a heavily scaled back pitch to keep the Silver and Black in the Bay.

Though some have argued the Raiders won't leave Oakland's die-hard fans, city and county officials are now not expected to extend the exclusive negotiating agreement for the massive Coliseum City development beyond its Sept. 24 expiration. Officials instead hope to work on a stadium-only plan.

Floyd Kephart’s New City Development has been trying to organize a $4B development for sports, housing, retail and offices on the site of the O.co Coliseum. Agreements have not been reached with the city and county or the Raiders and Athletics. Meanwhile, Carson in SoCal has already approved a $1.7M stadium for the Raiders and San Diego Chargers to share, rendered here.

Kephart expects to receive a letter from officials explaining why they will not extend the current window. He indicates another agreement is possible, but would be much different in form. [SFBT]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Prime Residential Acquires Castro District Multifamily: The Bay Area Deal Sheet

Silicon Valley Cities See Spike In Office Demolitions

New Transamerica Pyramid Owner Inks 113K SF Of New Leases

Archer Aviation Leases 501K SF Tech Campus Near San Jose

Lincoln Property Buys Charlotte Developer In Bid To Boost Deals

Columbia Property Trust Modifies $1.8B Loan After Multiple Defaults

Prado Group, Presidio Bay Exit Deal For San Francisco Centre Mall

Bay Area Hotel Market Recovering, But Distress Still Looms

Fortinet Expands Sunnyvale Footprint With 26K SF Acquisition

Changes Prove Costly As Bay Area Lab Landlords Pursue Conversions

Blackstone To Acquire Hyatt Regency In San Francisco For $279M

El Camino Health Plans New Hospital In Los Gatos: The San Francisco Deal Sheet