A Black-owned group has entered an exclusive agreement with Oakland to revitalize the Coliseum which could bring a $5 billion megaproject to the site.. An African-American led sports and entertainment group has entered an agreement with the city to help bring affordable housing, retail and possible new professional sports teams to the site. But, the land sale and redevelopment plan could be complicated because the Oakland A's still own half of the property.
The city has entered an exclusive development agreement, with AASEG, a Black-owned development team led by East Oakland native Ray Bobbitt who wants equity to be the focus."It's an opportunity for the African American Community to create employment in an area where a lot of us grew up in," said Ray Babbitt from African American Sports and Entertainment Group.
The project could bring some much-needed tax revenue to the city. But any plans to redevelop the area would require approval from the Oakland A's, which owns about half site. Team representatives did not attend Thursday's news conference."This party is going to try and work with the A's to come together, in terms of what we can do to develop this land," said Oakland City Councilmember Noel Gallo.
No one will pay to attend organized sideshows. 😂😂😂
Too late, your teams are gone?
So what are they waiting for?