Oakland Mayor Libby Schaaf, City, Alameda County Announce Raiders NFL Stadium Plan

Oakland Mayor Libby Schaaf, City, Alameda County Announce Raiders NFL Stadium Plan
Oakland Mayor Libby Schaaf, City, Alameda County Announce Raiders NFL Stadium Plan Oakland, CA — A joint announcement by City of Oakland and Alameda County leaders today outlined a serious financial and development plan to build a new stadium and mixed-use development to encourage the Oakland Raiders and the National Football League to keep the team in Oakland. The City and County leaders presented the framework of a plan that they say vigorously competes with the Las Vegas proposal for the Raiders. “This term sheet agreement puts Oakland in the running to keep the Raiders in a way that is responsible to the team, the league, the fans and the taxpayers,” said Oakland Mayor Libby Schaaf. “Everything the City and County and the investor team is doing is about putting forward the best offer to encourage the Raiders ownership and the NFL to keep the Raiders in Oakland, where the team belongs.” Mayor Schaaf, Oakland Councilmember Larry Reid, Alameda County Supervisors Scott Haggerty and Nate Miley said the City and County will ‘have skin the game,’ but will not put taxpayer money into the deal or at risk. Supervisor Scott Haggerty said the investors, the Ronnie Lott Group and Fortress Investment Group, “care about our community and have the financial wherewithal to bridge the financing gap that has previously existed in our stadium talks. They care about Alameda County and Oakland and keeping the Raiders here.” “This is an important and united step forward to make a competitive offer forward to the Raiders and the NFL to encourage the team to stay here without using taxpayer monies,” Haggerty added. “This is the best plan the City and County have ever achieved in attempting to keep the Raiders in Oakland. We are offering control of the land, a respected investment team, and no risk to taxpayers in putting this deal together. This shows the public, the Raiders’ ownership and the NFL that there is a viable plan to remain in Oakland,” said Oakland Councilmember Larry Reid. “This action shows the unity and determination of both the County and the City to make a competitive bid to keep the team in Oakland,” said Supervisor Nate Miley. City and County leaders said they welcome the NFL's assistance and noted this plan cannot work without making a deal with the Raiders. They said the group looks forward to sitting down with the Raiders now that it has the framework for a new stadium. The officials said they believe the new stadium could be the centerpiece of a comprehensive development that will benefit the City, County and team. “We know there is a lot of work left to do but we also believe strongly in our city and that the Raiders belong here in the original home of the Raider Nation. We care deeply about the team and what the team brings to our city and our culture,” Reid added.
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Oakland Mayor Libby Schaaf, City, Alameda County Announce Raiders NFL Stadium Plan

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Oakland Raiders NFL Stadium Ronnie Lott Term Sheet Livestream

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Oakland Raiders NFL Stadium Ronnie Lott Term Sheet

Oakland Raiders NFL Stadium Ronnie Lott Term Sheet
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Oakland Raiders NFL Stadium Ronnie Lott Group Term Sheet

Oakland Raiders NFL Stadium Ronnie Lott Group Term Sheet
Oakland Raiders NFL Stadium Ronnie Lott Group Term Sheet The Oakland Raiders NFL Stadium Ronnie Lott Group Term Sheet consists of a financial agreement for a $1.3 billion NFL stadium at the Oakland Coliseum. The public investment is $350 million, the Lott Group is $400 million, and the NFL / Raiders are $500 million. That NFL Raiders part is $200 million from PSLs and $200 million from NFL loan, and then $100 million from NFL for an Oakland stadium. Here is the full agenda report and term sheet: http://ift.tt/2gtrm0P
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