OAKLAND, Calif. (KGO) --
ABC7 News has exclusive new information on the effort to build a new stadium for the Raiders to keep them in Oakland.Sources with inside knowledge from top NFL officials told ABC7 News Oakland and Alameda County officials are now reviewing the term sheet submitted last week by Fortress Investment, a key player in the group led by NFL Hall of Famer Ronnie Lott.
FULL INTERVIEW: Bay Area legend Ronnie Lott shares plan to save Raiders with ABC7's Mike Shumann
ABC7 News sources say the term sheet contains multiple options involving the land on the coliseum site, funding and infrastructure.
They say work still needs to be done, but they believe the details of the term sheet can by finalized before Thanksgiving.
That would put Oakland in a strong position to convince the league to keep the Raiders in Oakland.
RELATED: Raiders owner Mark Davis: Oakland 'shut the door on itself' in stadium move
It's important to note, NFL relocation rules state if a viable stadium option can be submitted by a local market, the league will not accept an application for relocation. In this case, blocking any potential effort by the Raiders and Mark Davis to move to Las Vegas.
Click here for full coverage on the Oakland Raiders.
