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 by Elvis
1 decade 1 week ago
 Total posts:   41502  
 Joined:  Mar 28 2015
United States of America   Los Angeles
Administrator

http://www.insidesocal.com/nfl/2015/06/ ... ns-remain/

Big day for Raiders future in Oakland, but big questions remain
Posted on June 19, 2015 by Vincent Bonsignore

With the clock ticking on the NFL’s decision on who will relocate to Los Angeles and what site they will play, the Oakland Raiders hope to get some clarity soon on the viability of their future in the Bay Area.

Perhaps even today, when Floyd Kephart delivers a draft plan for a potential $900 million stadium for the Raiders to Oakland city and Alameda County leaders.

The stadium would anchor the Coliseum City development, a massive project on and near the city and county owned land where the Raiders, Oakland A’s and Golden State Warriors homes currently sit.

Kephart’s New City Development LLC has an exclusive negotiating agreement with the city and county on the project, and today’s presentation meets a June 21 deadline for providing key information. According to the ENA, the city and county have 15 business days to approve or reject New City’s plans. The ENA is set to expire in two months.

Meanwhile, Los Angeles beckons to the south as a potential landing spot.

The Raiders have partnered with the San Diego Chargers on a stadium project in Carson.

Meanwhile, St. Louis Rams owner Stan Kroenke is proposing a stadium plan in Inglewood.

The NFL hopes to decide which stadium plan they will back on what team – or teams – will relocate to Los Angeles by early 2016.

Kephart is confident he will answer all of the key questions – some of which were posed in this article from the San Francisco Business Times.

Namely:

“Who will pay for, own and operate the stadium?”

The Raiders will contribute $500 million to the stadium – including the $200 million from the NFL sponsored G-4 loan program.

Obviously, that means a $400 million funding gap must be dealt with.

Meanwhile, there are long-standing issues the city and county must also settle.

Among them, confirmation that:

1. Land will be made available to the Raiders.

2. The new, required infrastructure will be publicly financed.

3. The existing coliseum debt will not be transferred to the new stadium.

In addition, while Bay Area leaders insist they want to save the Raiders, A’s and Warriors, to date there has been no explanation of what economic considerations the city and county will provide to any of the three teams for them to stay.

Kephart is confident he will provide necessary answers on his end, and told the San Francisco Business Times he expects negotiations between the governments, New City and the Raiders to occur “over the next few weeks.”

But the county and city must also step up.

And with the NFL’s clock on Los Angeles relocation ticking loudly, time is of the essence.

 by BuiltRamTough
1 decade 1 week ago
 Total posts:   5357  
 Joined:  May 15 2015
Armenia   Los Angeles
Hall of Fame

If Floyd and the City/Country are 200 mill short or something then what do you think fellas? Can the NFL make it happen? Can they fund the rest?

 by den-the-coach
1 decade 1 week ago
 Total posts:   870  
 Joined:  May 22 2015
United States of America   Fifty-four Forty or Fight
Veteran

BuiltRamTough wrote:If Floyd and the City/Country are 200 mill short or something then what do you think fellas? Can the NFL make it happen? Can they fund the rest?


That would be the best alternative and then the Rams and Chargers (if they truly want to leave) in Los Angeles. Mark Davis wants to stay in Oakland and the NFL does not want Raider Nation anywhere else if to exist at all.

 by Hacksaw
1 decade 1 week ago
 Total posts:   24523  
 Joined:  Apr 15 2015
United States of America   AT THE BEACH
Moderator

BuiltRamTough wrote:If Floyd and the City/Country are 200 mill short or something then what do you think fellas? Can the NFL make it happen? Can they fund the rest?

Or is that what our owner was talking about?

 by moklerman
1 decade 1 week ago
 Total posts:   7680  
 Joined:  Apr 17 2015
United States of America   Bakersfield, CA
Hall of Fame

I wonder how/if the Warriors winning it all will affect the Raiders' situation? I mean, civic pride couldn't be any higher right now for Oakland so maybe if a vote is taken right now, the money will be there?

 by BuiltRamTough
1 decade 1 week ago
 Total posts:   5357  
 Joined:  May 15 2015
Armenia   Los Angeles
Hall of Fame

moklerman wrote:I wonder how/if the Warriors winning it all will affect the Raiders' situation? I mean, civic pride couldn't be any higher right now for Oakland so maybe if a vote is taken right now, the money will be there?

It's supposed to be private funding so I don't think there will be a vote. 500mill Raiders/NFL and 400 mill Floyd.

Only maybe for the infrastructure, 150-200 mill I heard. But will see when Floyd releases the proposal.

 by den-the-coach
1 decade 1 week ago
 Total posts:   870  
 Joined:  May 22 2015
United States of America   Fifty-four Forty or Fight
Veteran

Elvis wrote:Kickstarter? I'm in for a sawbuck...


Hell, if it gets the Rams back in Los Angeles I'm in with a Grover Cleveland!
Image

 by Elvis
1 decade 1 week ago
 Total posts:   41502  
 Joined:  Mar 28 2015
United States of America   Los Angeles
Administrator

http://www.insidesocal.com/nfl/2015/06/ ... city-plan/

A’s throw cold water on Coliseum City Plan
Posted on June 22, 2015 by Vincent Bonsignore

As detailed financing plans get delivered today on a massive Oakland project that includes potential new homes for the city’s three professional sports teams, it looks like Oakland A’s owner Lew Wolff wants no part of any plan in which the A’s remain neighbors of the Raiders.

According to the San Jose Mercury News, Coliseum City point man Floyd Kephart’s plan suggests the possibility of three sports venues plus housing, retail and office space on the same but expanded site, but the A’s don’t see that.

The club is investigating building a facility on the Coliseum site, but Wolff told the Mercury News his plans means the A’s being the only tenant. Even if Kephart’s report says the plan is doable and the Raiders decide to spurn Southern California to build a stadium at the Coliseum site, Wolff indicated the A’s will be back to square one looking for a new home.

“We have thoroughly investigated things,” Wolff told the Mercury News. “And there is no good way to put two brand-new venues at the Coliseum site. If the Raiders are going to be there, then I don’t know what will happen. We’ll have to sit down with (baseball commissioner) Rob (Manfred) and see what to do.”

According to two league sources, Wolff’s move is not unexpected. The belief for sometime is the A’s want to push the Raiders out to create leverage from which they can negotiate an exclusive deal.

Wolff told the Mercury News he does not believe the Coliseum City plan is good business for his franchise.

“I don’t want this fellow (Kephart) telling the A’s what to do,” Wolff said. “We have no desire to compete with the Raiders for PSLs (personal seat licenses) and sponsors. We just don’t see that. The timetable is for something to be known by June 21. That’s today. I’m very interested in knowing what he’s come up with.”

Meanwhile, according to the San Francisco Business Times, some of the Coliseum City details are beginning to trickle out

The New City proposal would include selling a chunk of land on the Coliseum complex to the Raiders — but ask the city and county to bankroll up to $140 million in infrastructure improvements, according to San Francisco Chronicle columnists Matier & Ross.

The Raiders have $500 million to put to the new stadium, including $200 million from the NFL sponsored G-4 loan program. Figuring out a way to close the $400 million gap has long been the challenge.

Meanwhile, the Raiders have teamed with the San Diego Chargers to build a stadium in Carson as a fall-back plan to stadium efforts in Oakland and San Diego.

The Carson plan is one of two Los Angeles area stadium proposals along with St. Louis Rams owner Stan Kroenke’s Inglewood project.

The NFL hopes to decide by the end of 2005 – or early 2016 – what team or teams will relocate to Los Angeles and where they will play.

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14 posts Jul 03 2025