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Oakland to sell half the Coliseum
The city of Oakland will announce a tentative deal to sell its half of the Coliseum site to a private developer.
OAKLAND, Calif. - The city of Oakland plans to sell its half of the Coliseum.
The city will hold a news conference Wednesday afternoon to announce the deal between the city and the African American Sports and Entertainment Group.
The San Francisco Chronicle reports it will sell for at least $105 million.
In the past, that sports group has planned to build a massive $5-billion development on the site including housing, restaurants, and a convention center.
The Oakland A's are still in the process of purchasing the other half of the Coliseum complex from Alameda County.