Oakland finalizes sale of iconic coliseum: Here's the Bay Area-based group that will own it
Briefly

Ray Bobbitt, founder of the African American Sports and Entertainment Group, expressed optimism about future plans for the Oakland Coliseum, saying, 'We really couldn't even do a planning permit because we didn't have the sites assembled, so now that we're in a position to do so we're very excited to start the planning.' This indicates a commitment to revitalization while ensuring that the Coliseum remains an integral part of the community.
The city of Oakland is projected to receive $105 million from the sale, which is significant for preventing cuts to essential services like police and fire departments. This financial influx aims to bridge budget gaps, although the Oakland Police Officers Association critiques this approach, labeling it as a temporary solution, or 'band-aid,' to deeper financial issues.
Read at ABC7 San Francisco
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