The City of Oakland has shifted its approach regarding the sale of its share of the Coliseum. The City Council voted to delay a significant payment from the African American Sports and Entertainment Group (AASEG) until spring 2026, aligning with Alameda County's timeline for their half of the property. This follows the recall of former Mayor Sheng Thao, whose expedited sale plan was abandoned due to budgetary concerns. AASEG now has additional time to finalize the deal amidst ongoing negotiations over the land sale.
Now, the African American Sports and Entertainment Group, or AASEG, has received another year to square away its purchase of both the city's half of the Coliseum and the other half that the county was in the process of selling to the A's baseball franchise.
The council's vote Monday erased the last remnants of Thao's original plan: a Hail Mary gamble announced last May that sought to cram a complex land deal into a 12-month timeline.
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