Alameda County supervisors approved a significant decision to allow the African American Sports and Entertainment Group to purchase the Oakland Coliseum property from the county. This shift from the previous agreement with the A's opens the door for a multibillion-dollar redevelopment project on the 112-acre site. Community leaders expressed gratitude for this historic opportunity, emphasizing the potential for healing and local ownership. The finalization of the deal is noted to take until June 30, 2026, amidst ongoing complexities and additional negotiations required with the city of Oakland.
"This is part of a process that is going to bring healing to our community," said John Jones III, a member of the AASEG, underscoring the significance of this redevelopment.
Supervisor Nate Miley reminded the audience that closing the deal isn't going to happen until June 30, 2026, indicating that while the vote is a milestone, the process for finalization extends into the future.
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