MODS PLEASE LOCK | The Oakland Raiders 2015 Season Thread: Week 17 @ Kansas City / 7-8

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Oakland says it won’t meet NFL deadline on Raiders stadium plan
By Rachel Swan Published 7:33 pm, Monday, December 28, 2015

Oakland faces a Wednesday deadline to give the NFL a financing plan for a new Raiders football stadium, but city officials, who have repeatedly said they won’t stick taxpayers with the bill, indicated Monday that no plan is forthcoming.

Instead, Oakland will send a letter to league officials simply updating them on the city’s efforts to persuade the Raiders to stay in town, said Claudia Cappio, Oakland’s assistant city administrator.

NFL officials have said they wanted rock-solid proposals from Oakland and two other cities — St. Louis and San Diego — before the owners vote in January on which team or teams move to the Los Angeles market. League Commissioner Roger Goodell imposed the Dec. 30 deadline in the hope that each city would dangle a large public subsidy to entice its team to stay.

So far, Oakland hasn’t cooperated. An NFL source who did not want to be quoted said Monday that without a plan, Oakland’s letter would fall short of the league’s demand. It’s unclear what the repercussions might be.

Mayor Libby Schaaf has long insisted that no taxpayer money be spent on a new football stadium. Both Oakland and Alameda County are still wallowing in debt from a massive overhaul of the
Coliseum’s east end in 1996. Together, they pay $22 million a year to retire what remains of that debt — some $100 million.

Raiders owner Mark Davis recoils at Schaaf’s insistence at spending no more taxpayer money on football and wants the city to revive an offer he heard from Schaaf’s predecessor, Jean Quan: 169 acres of free land at the current Coliseum site.

“In 2013, the city and county made a presentation that would give us the land,” Davis said Monday, adding that negotiations for the team to stay in Oakland have gridlocked. The 169 acres “is the
starting point for us, absolutely.”

The Coliseum land belongs to Oakland and Alameda County, but the city is in talks to buy the county’s share.
City officials said they have shared a copy of their NFL letter with Davis but have not released it to the public.

Schaaf, meanwhile, is contemplating a $1 billion football stadium construction plan that would leave the Raiders responsible for all but $90 million to $120 million of the funding. That’s what the city would kick in for infrastructure improvements, like roadway realignment.

In November, Schaaf floated the idea of issuing lease revenue bonds to fund about half the construction costs for such a stadium. The bonds would be secured by a private backer and re-paid with money generated by leasing the stadium to the Raiders, Schaaf told The Chronicle Monday.

The Raiders and the NFL have already said they would pay for half of construction costs.

But covering the rest through the lease plan doesn’t sit well with Davis, who has long appealed for public subsidies.

“What they’re asking us to do is use revenues that the team would normally get,” he said. “We need those revenues to help pay off the $500 million that we’ve discussed contributing.”

Davis is also sparring with city officials over what a future Coliseum development would look like and who it would serve. Oakland has long wanted to turn the land into a “Coliseum City” retail corridor filled with hotels and offices that would generate tax revenue for the city.

Davis, by contrast, wants a giant parking lot for tailgating.

“What’s being proposed is the Raiders build a stadium on a little corner of parking lot on a 60-acre site,” he said.

So far, no plan exists, and even the bond financing idea is tentative.

“We have not committed to any bonds,” Schaaf said in a text message.

Davis now believes that Oakland officials are waiting to see if the NFL’s 32 team owners voting in January will approve his bid to move to the Los Angeles suburb of Carson, where the Raiders would share a $1.7 billion stadium with the San Diego Chargers.

If Davis doesn’t get the 24 votes he needs for the move, then Oakland will have the upper hand when the two sides go back to the bargaining table next year.

In the meantime, Oakland is also pursuing talks with the A’s, who have also wanted a new ballpark.

The city recently proposed 10 new sites for the A’s, five of which seem workable, according to Oakland officials. Among them are the West Oakland Post Office, fields at Laney and Peralta colleges, the Howard Terminal port site near Jack London Square, and a new waterfront development east of there at Brooklyn Basin.

Four of those sites are in the downtown area, where Schaaf told reporters in November that she hopes to see the A’s move, which might ease negotiations with the Raiders.

Rachel Swan is a San Francisco Chronicle staff writer. E-mail: rswan@sfchronicle.com Twitter: @rachelswan
Click to expand...
 
"Davis, by contrast, wants a giant parking lot for tailgating."

This man KNOWS the RAIDER NATION. LOL.

Still fingers crossed something gets done. I know the A's play more home games, but do they really bring in that much revenue to the city?


I'm hoping the owners say stay in Oakland. lol.
 
City of Oakland's letter to the NFL for the future of the Raiders has been revealed. The Coliseum would be demolished to rebuild on the same footprint for a 55,000 capacity stadium. Opening would take place 2019.

View media item 1848068
 
$900M on a 55K seat stadium is outright lavish. Guarantee it would be pretty packed with amenities.

And it would definitely be expandable.
 
expandable is key.

i always thought soccer stadiums look better than any football ones personally, would be cool if they did something different like that.
 
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I'm a simple man. Just fix those damn bathrooms and slightly better food options (maybe like local spots with a concessions....An express Everett and Jones? lol. not the full menu, but like links and brisket. a zachary's pizza spot) and I'm good.
 
E&J in the Coliseum would be so :pimp:

I feel the same way. I could go to the Coliseum the rest of my life and be happy with it. But I get that other people don't feel that way.
 
Happy New Year NT Raider Nation Fam.

This the year we return to glory, fellas. In Oakland or LA. Or wherever 
laugh.gif
 
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