OAKLAND — The city has reversed course on what remained of a plan to dramatically speed up the sale of its Oakland Coliseum share, placing the deal back onto a “more conventional” timeline, as one official put it.
City leaders now plan to finalize the $125 million sale of their Coliseum stake when Alameda County closes a deal to sell its own half of the massive property by the end of June 2026.
On Monday, the Oakland City Council voted unanimously to delay until next spring 2026 a $95 million payment that the land buyers, a large coalition of Black entrepreneurs, had been expected to complete by May 30 of this year…