Oakland Sells Coliseum Stake to Local Developers for $105 Million
The African American Sports & Entertainment Group aims to revitalize the site as the A's prepare to relocate to Las Vegas.
- Oakland faces a $177 million budget deficit and will use the sale proceeds to cover shortfalls.
- The African American Sports & Entertainment Group plans a $5 billion redevelopment project.
- The A's still own the other 50% of the Coliseum and are in negotiations with AASEG.
- The site redevelopment may include new sports teams, retail, housing, and a convention center.
- The Coliseum, criticized for its outdated facilities, will see significant changes under new ownership.
Associated Press 
SFist 
Sportico 
East Bay Times 