Oakland A's Sell Coliseum Stake to Black Development Group for $125M
The deal grants full ownership to the African American Sports & Entertainment Group, aiming to revitalize the East Oakland site.
- The African American Sports & Entertainment Group previously acquired the city's 50% share for $105 million.
- Plans include a sports, entertainment, educational, and business district with affordable housing.
- The Coliseum and Arena will continue hosting events, including concerts and sports.
- The Oakland A's will temporarily relocate to West Sacramento before moving to Las Vegas.
- The development aims to enhance economic equity for Black residents in East Oakland.