Votes on Second amendment to Coliseum complex purchase and sale agreement (7000 Coliseum Way), 6-1
The Oakland City Council introduced on first reading (6-1, Councilmember Gallo dissenting, one excused) an ordinance authorizing a second amendment to the purchase and sale agreement for the city's 50% undivided interest in the Coliseum complex at 7000 Coliseum Way to Oakland Acq…
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Ordinance authorizing the city administrator to amend the purchase and sale agreement of Oakland's undivided 50% interest in the Coliseum complex at 7000 Coliseum Way to Oakland Acquisition Company (OAC, backed by AASEG and Loop Capital). Simultaneous sale: arena parcel (~9 acres) for $50 million...
The Oakland City Council introduced on first reading (6-1, Councilmember Gallo dissenting, one excused) an ordinance authorizing a second amendment to the purchase and sale agreement for the city's 50% undivided interest in the Coliseum complex at 7000 Coliseum Way to Oakland Acq…
Mixed-Use
Commercial
Comparable transactions valued the Coliseum complex's 50% interests at $85M…
The 112-acre Coliseum complex has been persistently cash-flow negative, costing…
Deal requires at least 25% affordable housing on the ~103-acre…
Strong council and community support for redeveloping the Coliseum as…
On the record: 2 chairs, the mayor, 4 councilmembers, 3 staff members, an attorney, and 6 members of the public.
ZoneWire called 1 of 1 land-use forecast on this agenda.
This season: 5 of 5 (100%) forecasts called in this county.
Ask who voted, what conditions passed, and what staff recommended for "Special Concurrent Meeting of the Oakland Redevelopment S…", with every answer cited to the transcript. Included with Pro.
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