Source: New York Post
Oakland lawmakers on Monday advanced a controversial deal to unload the city’s stake in the decaying Coliseum — despite the buyer previously missing a key payment deadline and documents newly obtained by The Post revealing a competing bid from the Oakland Arena’s longtime operator. The revised agreement, which heads to a final City Council vote next week, would keep alive a transaction first brokered under ex-Mayor Sheng Thao, who was criminally indicted on bribery and corruption charges. It comes as the once-proud sports complex, which includes the Arena, has been hollowed out by the departures of the Warriors, Raiders and Athletics — and now even the Oakland Roots soccer club is preparing to ditch the aging stadium after its second Coliseum season.
