The city of Oakland has reached an agreement to sell its 50 percent ownership share of the Coliseum to a local buyer, the African American Sports and Entertainment Group.

Mayor Sheng Thao’s office held a news conference Wednesday afternoon at Castlemont High School to announce details of the deal, which is for a minimum purchase price of $105 million over two years.

Continue reading for free

Sign in to read this story and receive the weekly roundup in your inbox.

Or

Terms & Conditions

Success! Your account was created and you’re signed in.
Please visit My Account to manage your account.

Kiley Russell writes primarily for Local News Matters on issues related to equity and the environment. A Bay Area native, he has lived most of his life in Oakland. He studied journalism at San Francisco State University, worked for the Associated Press and the former Contra Costa Times, among other outlets. He has covered everything from state legislatures, local governments, federal and state courts, crime, growth and development, political campaigns of various stripes, wildfires and the aftermath of Hurricane Katrina.