Deal Between City, NFL Could Keep the Raiders in Oakland

The Oakland Raiders may remain in Oakland after all if the city can solidify a plan for the NFL to act as developer of a new stadium and surrounding development.

Oakland is working against a Dec. 28 deadline set by NFL Commissioner Roger Goodell calling for Oakland, San Diego and St. Louis to put forth plans to keep their football teams. The Raiders, lured by the call of a new stadium in Carson, can choose to file for relocation Jan. 4.

At our Bisnow event in Oakland last month, Mayor Libby Schaaf said she was seeking ways to keep the Raiders local. But, the city would not subsidize construction of the stadium, according to the San Francisco Business Times. Under the plan, the NFL could provide security for ground lease payments and revenue to pay off stadium bonds while joining as a partner on "Coliseum City," which would include office space, housing, retail and hospitality.

Previous plans have included loans of $200M to $250M from the NFL and similar investment from the Raiders toward a stadium, which could cost around $900M. Adding development at the site would help to draw in additional investors, though the NFL has historically been against larger projects that could slow stadium construction.

The last proposal, a $4B development on the site of the O.co Coliseum, fell by the wayside at the end of September. [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

Revolution Medicines Nearing Agreement For 700K SF Lease In Redwood City

JLL Lists 2M SF Maritime Campus: The San Francisco Deal Sheet

Jemals Sell Georgetown Building To Developer Planning Conversion

Power Availability Becomes New Requirement For Shifting Bay Area Industrial Base

Food And Beverage Increasingly Becoming Anchor In Mixed-Use Projects

Builders Turning To Prefab Solutions As Speed To Delivery Becomes Critical Consideration

Maturing Debt Triggers Wave Of Distressed Hotel Sales Across California

Making The Case For Preconstruction As Risk Management

Beacon Partners Sells Charlotte Mixed-Use Development For $92M

Behring Planning A Data Center In Downtown Oakland

Amazon Renews 300K SF Office Lease In Downtown San Francisco

Development Team Behind Hotel Drover To Bring $160M Luxury Resort To Fort Worth Stockyards