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.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com 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.
