The sale of a 16-acre athletics compound in Alameda, valued at $24 million, is uncertain after Prologis, Inc. backed out, straining Oakland's financial resources.
The city is counting on the sale of its share of the property to raise crucial funds, while the Oakland Coliseum deal, though pending, offers little immediate relief.
With a lower-division men's team, Oakland Roots SC, and a women's team, the Soul, currently leasing the facilities, the potential for local ownership emerges as a new avenue.
The Oakland City Council will meet to explore changes that could allow the Roots and Soul’s parent company, Oakland Pro Soccer LLC, to pursue purchasing the property.
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