Oakland Leaders Discuss Proposed Deal to Sell Coliseum Site
The deal would bring Oakland $110 million upfront and 6% of future ticket sales while shifting Coliseum liabilities off the city.
- On Monday, July 13, 2026, the Oakland City Council voted 6-1 to approve the sale of the city's 50% stake in the 112-acre Coliseum complex to the Oakland Acquisition Company .
- Valued at $125 million, the agreement includes a $110 million lump sum and an additional $15 million for building permits, allowing Oakland to pay down unfunded pension liabilities through property transfer.
- Oakland will receive $50 million for the Oakland Arena and $60 million for the Stadium parcel, while securing 6% of future annual gross ticket sales, estimated by staff to generate roughly $3 million annually.
- Music mogul Irving Azoff intends to purchase the Oakland Arena, stating, "I look forward to once again bringing the very best artists," and plans to reinvent the "Day on the Green" concert series.
- Expressing concerns over transparency, Councilmember Noel Gallo cast the sole no vote, citing issues with negotiations between OAC and Alameda County over the county's 50% stake in the property.
13 Articles
13 Articles
Oakland mayor ripped over $60M sweetheart stadium deal
Oakland lawmakers on Monday advanced a controversial deal to unload the city's stake in the decaying Coliseum — despite the buyer previously missing a key payment deadline and documents newly obtained by The Post revealing a competing bid from the Oakland Arena's longtime operator.
Lucrative Oakland Arena becomes key component of larger Coliseum deal
Lucrative Oakland Arena becomes key component of larger Coliseum deal The complicated transaction would let the Coliseum’s buyer break off the Arena and sell it to a third party as part of an updated agreement. Oakland would get a slice of future ticket sales to sweeten the pot.
Oakland leaders discuss proposed deal to sell Coliseum site
Oakland leaders discuss proposed deal to sell Coliseum site Oakland Mayor Barbara Lee and city officials held a briefing Monday on a proposed deal to sell their share of the Oakland Coliseum complex, a deal that would include revenue from future events. The post Watch: Oakland leaders discuss proposed deal to sell Coliseum site appeared first on KION Central Coast.
Monday Morning Headlines: Oakland City Council to Mull New Coliseum Sale Terms
The Oakland City Council is meeting to discuss new proposed sale terms for the Coliseum property; muggy weather is expected to persist around the Bay; and a lawsuit is moving forward against United Airlines over window seats sold with no window.
Coverage Details
Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
