Amended Oakland Coliseum deal is now $125M

OAKLAND, Calif. – A new deal to sell Oakland’s half of the Coliseum is now $125 million, the mayor’s office announced on Monday. That’s a 14% increase from the original $105 million purchase price with the African American Sports and Entertainment Group, and accelerates the payment schedule so that Oakland receives $110 million within the current fiscal year, Oakland Mayor Sheng Thao’s office said in a news release. The previous agreement between Oakland and the AASEG only had the group paying the city $60 million by June 30, 2025.

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