So, the Oakland A’s are moving out of Oakland to Las Vegas. The team’s owner also owns a half-interest in the in the Oakland Coliseum. This is not good for the City of Oakland since he could block the future redevelopment of one of Oakland’s most valuable parcels. Meanwhile, Oakland officials, who want to see new housing and commercial development on the Coliseum property, in January entered into an exclusive negotiating agreement with African American Sports and Entertainment Group to eventually sell it the city’s half-interest in the site. AASEG… read more
May 16, 2023
You Can Move Your Team to Another City. But Good Luck with the Stadium.
Posted in Eminent Domain, Sports Teams, Stadiums