At the top of his mind, he said, was the "historic nature of a team that is from this community taking stewardship of this incredibly iconic site - a place that has represented so many important memories and events for all of us."
We were working night and day - through the clock. I know there was a lot of skepticism about whether we could reach an agreement that quickly. But it's because of the hard work of all these people and their commitment to the process that made it possible.
Many thought institutional capital was fleeing Oakland - it's not the case. When you are able to be innovative and think outside the box, you know what the Coliseum is. You know this is the place to be in the Bay Area.
Now the city will begin receiving payments, starting with $5 million that Mayor Sheng Thao said Tuesday is already "in the bank." The next deadline is for $10 million by the end of this month, which would help Oakland avoid drastic spending cuts amid its ongoing financial crisis.
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