CFAH

Oakland’s City Council has granted the Oakland-based African American Sports And Entertainment Group (AASEG) the right to enter into an Exclusive Negotiating Agreement (ENA) for the City’s undivided share of the Oakland-Alameda Coliseum Complex Site.

As such, AASEG will have up to two years to reach an agreement for the acquisition of the City’s 50% ownership interest in the Coliseum Complex and re-development of the 111-acre site. At the same time, AASEG will need to reach an agreement with the Oakland A’s, which has secured the other 50% interest in the site from Alameda County, has already outlined their plans for developing the site, and is under no obligation to cooperate with AASEG (which has recently expanded their development team but has yet to show “evidence of extensive experience with building comparable large-scale, multi-phased real estate projects similar in size, scale and cost as what is being contemplated for the Coliseum Complex,” according to a preliminary City review).

We’ll keep you posted and plugged-in.

Comments from Plugged-In Readers

  1. Posted by Code Guy

    Good luck with that. I see an Oakland without the A’s in the very near future.

    • Posted by Notcom

      Which is utterly irrelevant to how the A’s (organization) may – or may not – choose to develop the site…or half site, as it were. If you want to rain on Oakland’s parade, at least use the right watering can

      • Posted by SocketSite

        While we realize it was likely tongue in cheek, it’s a key distinction that the 50 percent ownership shares are for undivided interests in the site (i.e., there are no halves at the moment, it’s one co-owned site).

        • Posted by Notcom

          Yes, thanks: I realize it – indeed your wording makes that apparent – tho I’m not sure everyone does, as many stories on it are ambiguous. (I might have gone with the joke about “Half-a$$ed development of the site” but being a family-friendly site and all….)

  2. Posted by kbbl

    Am I the only one weirded out by Google Maps showing the Coliseum and its parking lots all as green park land

    • Posted by Notcom

      Well it’s an exaggeration, but the Coliseum has always been known for it’s natural grass surface…and Levi’s Stadium got the same treatment (albeit more carefully done)

  3. Posted by Noneya

    This sounds like a hater to me. Why are people up the A’s butt. They want Howard Terminal so bad they don’t care about the site otherwise they would have started improvements a long time ago. They were also just looking to move to Vegas.

    Finally someone ready to move forward on the site and for the writer of this sad little post, why don’t you do your research and find out who this group is working with to develop. You might want to rewrite your narrative.

    • Posted by SocketSite

      No slights were intended, despite what appears to have been inferred. And we’re well aware of the team that’s been assembled, along with their strengths and weaknesses relative to the project at hand. But as always, our focus is on the facts, considerations and potential issues related to the development, not the promise and/or hype.

  4. Posted by T2

    The City should not sell their share of the Coliseum property, instead working with the A’s as a partner to develop a new Oakland Police HQ, Oakland Fire HQ and Training Center and other civic uses. Their land cost basis is lower than they’ll obtain anywhere else, and they could sell/trade/lease the existing OPD site (and other City-owned sites) to cover their cost to build the new civic buildings.

    This would provide well-paying jobs close to employees’ homes and along BART, and free up valuable commercial/residential land Downtown that currently are eyesores and life safety concerns from a structural standpoint.

    • Posted by Reginald B. Rockefeller

      Cops on BART. That will be a first.

Comments are closed.

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