Sarah Ravani of the San Francisco Chronicle reports new details in the ongoing litigation taking place between Alameda County and the city of Oakland (link). To recap, Alameda County engaged in negotiations with both the city of Oakland and the Oakland A’s organization in an attempt to offload its share of the Oakland Coliseum and the Oakland Arena. With the stipulation that the city would pay upfront, Alameda County offered to sell its share of debt to Oakland for $78MM back in February–that offer was ignored on Oakland’s part.
Interestingly, though, the plot thickened from there: as Ravani characterizes it, that “snub” prompted Alameda officials to pivot to the Athletics, to whom they offered to sell their debt for $85MM. This time, however, the county would allow the A’s seven years to pay off the sum–with the very important caveat that the A’s would have to remain in Oakland. “The A’s were able to spread their terms out … whereas the county wanted us to pay it all up front,” Oakland Councilman Loren Taylor says in Ravani’s article, “From my perspective, we still need to have a conversation about the same terms that the A’s were given.”
The city and county are currently embroiled in a lawsuit intended to block the county from selling its stadium stake to the A’s, which has put something in a wrench in the team’s plans to develop a new stadium project. This state of affairs caused commissioner Rob Manfred to comment that he was “very concerned” at the litigation and the overall lack of “concrete progress” toward a new playing site for Oakland. Oakland Mayor Libby Schaff later indicated to KTVU that Manfred has proposed the possibility of relocation to Las Vegas, with the Chronicle also relaying a similar suggestion on the part of Manfred.