The Oakland-Alameda County Coliseum Complex is one of the City’s largest development sites and offers a major opportunity to bring investment, jobs, and amenities to East Oakland and the region. It is approximately 112 acres and is bound by the Damon Slough Channel to the North and East, South Elmhurst Creek Channel to the South and Interstate 880 to the West. The site consists of two parcels that include the stadium, arena, parking areas, circulation routes and loading areas. It served as the hallowed home of the Oakland Raiders, Oakland A’s, Golden State Warriors and now the Oakland Roots soccer club with additional sporting events, like cricket, and ongoing concerts and events.
The City and County each own a 50% undivided interest in the property, which means that the entities jointly own every part of the property. This co-ownership arrangement makes the management, sale and redevelopment of the site particularly complex. Currently, the City and County manage the property through the Oakland-Alameda County Joint Powers Authority.
The City began laying the groundwork for the redevelopment of the site with the adoption of the Coliseum Area Specific Plan in 2015. The plan defines a new mixed-use vision for the property, including new housing, retail, commercial space, sports, and entertainment uses. In the coming years the City and County each began efforts to sell their respective 50% interests in the property.
On December 23, 2019, the County entered into an agreement to sell its 50% interest to Coliseum Way Partners, LLC (CWP), which is an entity affiliated with the Oakland Athletics. CWP has made all required payments and is scheduled to take ownership of the County’s 50% interest in Spring 2026. CWP can assign the agreement to another buyer with the County’s consent.
In January 2023, the City Council authorized an exclusive negotiation agreement with the African American Sports and Entertainment Group (AASEG) to begin negotiating a sale of the City’s 50% interest. AASEG is an Oakland-based, Black-led developer that has partnered with Loop Capital, one of the largest Black-owned investment banks in the world. In June 2024, the City Council authorized a sale of the City’s 50% interest to AASEG for $105 million, with at least $60 million to be received by June 30, 2025 and requirements for at least 25% affordable housing and a process for negotiating additional community benefits. A month later the City entered into a corresponding sale agreement with Oakland Acquisition Company, LLC (OAC), which is an affiliate of AASEG, consistent with these terms. The City amended this agreement in September 2024 to restructure the payment schedule, increase the purchase price to $110 million and add $15 million in additional payments during redevelopment of the site, but the closing in 2025 remained the same.
In addition to the City’s 50% interest, OAC has been working to also secure the right to purchase the County’s 50% interest. This would allow for more effective property management and faster redevelopment of the site. To that end, OAC has been negotiating with CWP and the County to take-over CWP’s purchase contract. These negotiations have been protracted and so on May 6, 2025 the City Council authorized a delay in the City’s sale to OAC to facilitate a simultaneous sale of the City and County interests to this single buyer.
- If successful, this coordinated sale is expected to close in Spring 2026, once the City and County make a final payment on the last remaining bond that was sold years ago to finance improvements to the stadium and arena. Once the property is sold, the buyer can complete planning, financing and permitting for development. Commencement of new construction may still take several years.
Timeline
- March 31, 2015 – City Council adopts the Coliseum Area Specific Plan
- December 23, 2019 – Alameda County enters into sale agreement with Oakland A’s
- January 21, 2020 – City Council declares the property to be surplus land
- November 16, 2021 – City Council authorizes Exclusive Negotiation Agreement with AASEG
- January 25, 2023 – City enters into Exclusive Negotiation Agreement
- June 26, 2024 – City Council authorizes sale to AASEG or affiliate
- August 31, 2024 – City enters into sale agreement with OAC (an AASEG affiliate)
- September 23, 2024 – City amends sale agreement with OAC
- May 6, 2025 – City Council removes requirement for payments during Fiscal Year 2024-2025
