City Council Approves Extending Lease Agreement For Raiders

A lease agreement that will keep the Oakland Raiders football team at the Coliseum for at least one more year is pretty much a done deal after receiving approval from the Oakland City Council on Tuesday.

The agreement also includes two additional one-year extensions that could keep the Raiders in Oakland for the 2017 and 2018 football seasons as well.

A tentative agreement was announced by the Raiders and city of Oakland and Alameda County officials on Feb. 11.

The Oakland-Alameda County Joint Powers Authority, which consists of city and county officials who oversee the Coliseum complex’s operations, voted to approve it on March 25. The Alameda County Board of Supervisors then approved it at its meeting during the day on Tuesday and the City Council approved it Tuesday night.

Oakland City Councilman Larry Reid, who chairs the JPA, said today that the agreement technically must still be approved by the National Football League but that shouldn’t be a problem.

“The NFL will be fine with it if the Raiders are fine with it,” Reid said.

The lease agreement calls for more than tripling the amount of rent the Raiders will pay to the city and county for using the Coliseum and the publicly owned training facility in Alameda, from $925,000 to $3.5 million.

The rent for the Alameda training facility will remain the same at $525,000 a year but the rent for the stadium will increase from $400,000 to $2,975,000 annually.

The increase is intended to cover the costs the city and county incur on the days of football games.

The Joint Powers Authority said the Raiders and the city and county are still discussing longer lease extensions, as well as the possibility of building a new football stadium at the site.

Raiders owner Mark Davis has explored the possibility of moving the team to other cities such as Los Angeles, San Antonio, Texas, and Las Vegas, but when the tentative lease extension was announced in February, he said it would give the team the chance to work out a deal with the city and county to build a new stadium that would keep his team in Oakland for the long term.

Reid said the talks about extending the lease and building a new stadium were temporarily put on hold because the Raiders didn’t want to negotiate until the short-term lease agreement was approved.

“Now that the agreement has been approved, hopefully we will start negotiating again,” he said.

Jeff Shuttleworth, Bay City News

Please make sure your comment adheres to our comment policy. If it doesn't, it may be deleted. Repeat violations may cause us to revoke your commenting privileges. No one wants that!
  • lashawnda.butler

    I’ve made 104,000 bucks last year by freelancing from my house a­n­d I manage to do it by w­o­r­k­i­n­g part-time for few h daily. I was following an earning opportunity I was introduced by this company i found online and I am so excited that I was able to earn such great money. It’s really newbie-friendly a­­n­­d I’m just so grateful that i learned about it. This is what i do… http://statictab.com/gptmadp

  • I was paid 104,000 thousand dollars last year by freelancing from home a­­n­­d I was able to do it by w­orking in my own time f­o­r few hrs daily. I used a business model I found online and I am excited that i earned such great money. It’s really beginner friendly a­n­d I am just so blessed that i discovered it. This is what i do… http://statictab.com/dk8k8gt

  • I was paid 104 thousand dollars previous year by working online from my house a­­n­­d I did that by wo­rking part time f­o­r several h on daily basis. I used an earning model I stumbled upon from company that i found online and I am so happy that i made so much money. It’s very beginner friendly a­n­d I’m just so grateful that i discovered it. This is what i did… http://statictab.com/h8vxywm

  • I profited $104000 in last twelve months by working on-line a­n­d I manage to earn that much by wo­rking part-time f­­o­­r several h a day. I was following work opportunity I was introduced by this website i found online and I am so thrilled that i made so much money on the side. It’s so newbie friendly a­n­d I’m just so blessed that i discovered it. Here’s what I do… http://statictab.com/6x2fxzv

  • I profited 104 thousand dollars previous year by freelancing online a­­n­­d I did that by w­orking part-time f­o­r several hours every day. I’m using an earning model I found on-line and I am excited that i made so much money. It’s so user friendly a­­n­­d I am just so blessed that i discovered it. Here’s what I do… http://statictab.com/dntj48t

  • I was paid 104000 bucks previous year by doing an on-line job at my house a­­n­­d I was able to do it by wo­rking part-time for several hrs /day. I used work opportunity I stumbled upon from company that i found online and I am thrilled that i earned so much extra income. It’s very beginner friendly a­n­d I am just so thankful that i found it. Here is what i did… http://twitter.com/StinnettMargar1/status/835822769971437569

  • I profited 104,000 thousand dollars in last twelve months by working from my house and I did that by working part-time f­­o­­r several hrs /day. I was following an earning opportunity I found on-line and I am excited that I was able to earn so much extra income. It’s very newbie friendly a­n­d I’m so grateful that I found out about this. Check out what I do… http://twitter.com/StinnettMargar1/status/836103151308529665

  • I have profited 104 thousand bucks in 2016 by freelancing online and I did it by wo­rking part time f­o­r few h /day. I was following a money making model I came across from company that i found online and I am so thrilled that i earned so much extra income. It’s newbie friendly a­n­d I’m so grateful that i learned about it. Here’s what I did… http://easyurl.net/9861f

  • I was paid 104000 bucks in last 12 months by working on-line a­­n­­d I did it by wor­king in my own time for 3 or sometimes more hours daily. I used work model I was introduced by this website i found online and I am so excited that i earned such great money. It’s beginner friendly a­­n­­d I am just so blessed that i found it. Here’s what I did… http://safeandsecure65.weebly.com