Tonight the Oakland City Council takes up the issue. The group needs two oks because both the city of Oakland and Alameda County have ownership stakes in the Coliseum. The plan would refurbish the Coliseum to make a new home for the Raiders.
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It would be a $1.3 billion deal headed by Ronnie Lott and for his private investor group. It involves roughly $350 million in public money in the form of land and future revenue all paying for a new stadium, a hotel and development. Essentially, the board of supervisors approved negotiations between investors and the team, which would still need to make up its own mind.
Lott says this is a long way from being a done deal.
"What is your next big task in this project?" asked ABC7's Wayne Freedman.
"Wake up tomorrow and know we still have a long way to go. We still have to convince the NFL. We still have to convince Mark Davis," said Lott.
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"We have good relationships with the Raiders since Al Davis passed away. More trust than when Al was alive," said Nate Miley, Alameda County Supervisor.
Still unknown is would the city and county sell or lease the land, which is worth an estimated at $150 million. And there is the question of $91 million more they still owe on the Coliseum itself. Another question -- in a football only facility, where would the A's play?
All those questions and more are likely to be asked and answered again tonight in the Oakland City Council.
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