The City of Oakland has struck a deal to sell the city's share of the Oakland Coliseum property to a local Black development group for at least $105 million.

The Coliseum was home to the departing Oakland Athletics, which are temporarily moving to West Sacramento until its ballpark is built in Las Vegas.

The sale to the African American Sports & Entertainment Group will lead to the creation of a proposed sports and entertainment destination site and new affordable housing for East Oakland.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.