OAKLAND, CA-- The governing board overseeing the city's coliseum complex has agreed to spend $1 million studying new stadium proposals.

Dubbed "Coliseum City," the proposal calls for a construction of an entertainment and sports district on the 1,000 acres of land where the Oakland County Coliseum and Oracle Arena now stand.

Although the Oakland-Alameda County Coliseum complex currently houses three professional teams, only the Oakland Raiders appear willing to look at future options at the site. The Oakland Athletics have ruled the city out as a future home and the Golden State Warriors are seeking to construct a new arena in San Francisco.

The Oakland Raiders have agreed to work with city and county leaders in seeking studies to determine if Coliseum City is feasible. The team said it will help fund part of the $1 million approved Friday for two studies.

Click Oakland Tribune to read the full story.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.