Politics & Government

Oakland Mayor Details Terms Of City's Deal To Sell Its Share Of The Coliseum

The $105-million sale will potentially allow the city to avoid budget cuts as it struggles with a major financial shortfall.

(​​CBS Bay Area)

July 31, 2024

Oakland Mayor Sheng Thao touted her deal to sell the city's share of the Oakland Coliseum Tuesday morning.

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Oakland city leaders confirmed Monday that they had agreed on the terms to sell the Coliseum site to the African American Sports and Entertainment Group.

The $105-million sale will potentially allow the city to avoid budget cuts as it struggles with a major financial shortfall.

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