The Newest: Metropolis OKs negotiations for $1.3B Raiders deal


OAKLAND, Calif. (AP) – The Newest on a $1.three billion stadium financing deal for the Oakland Raiders (all occasions native):

10:20 p.m.

The Oakland Metropolis Council has accredited a decision authorizing the town to barter with an funding group to construct a brand new soccer stadium for the Oakland Raiders.

The vote provides the funding group anchored by Corridor of Famer Ronnie Lott and former quarterback Rodney Peete the suitable to barter a proper settlement for a $1.three billion stadium that features $350 million in public cash.

The previous athletes are working with the Fortress Funding Group.

Alameda County supervisors approved opening negotiations earlier Tuesday.

The settlement to barter doesn’t embrace the Raiders at this stage.

Staff proprietor Mark Davis already has dedicated to shifting the Raiders to Las Vegas, the place a $1.9 billion stadium venture has been authorised.

___

9:00 p.m.

The Oakland Metropolis Council is taking over a proposal to open negotiations with an funding group to construct a brand new soccer stadium which may sway the Oakland Raiders to remain.

The Alameda County Board of Supervisors accepted the thought earlier Tuesday.

If the town council agrees, the county and metropolis can begin negotiating a proper settlement for a $1.three billion stadium challenge that features $350 million in public cash.

The settlement to barter doesn’t embrace the Raiders at this stage.

The push for a brand new stadium is being led by Corridor of Famer Ronnie Lott and former quarterback Rodney Peete, who’re working with Fortress Funding Group.

Workforce proprietor Mark Davis already has dedicated to shifting the Raiders to Las Vegas, the place a $1.9 billion stadium undertaking has been accepted.

___

2 p.m.

Alameda County supervisors have permitted opening negotiations for a $1.three billion stadium undertaking that supporters hope will maintain the Oakland Raiders on the town.

The Oakland Metropolis Council is scheduled to vote on the venture Tuesday night time. Approval by each boards is required to permit the town and county to barter a proper settlement for a stadium undertaking that features $350 million in public cash.

The supervisors’ vote was three sure, one abstention and one towards.

The settlement to barter doesn’t embrace the Raiders. Workforce proprietor Mark Davis already has dedicated to shifting the Raiders to Las Vegas, the place a $1.9 billion stadium challenge has been accredited.

A transfer to Nevada is just not sure, though a vote by the NFL on whether or not to permit the transfer is feasible as quickly as January. The Raiders should get approval from 24 of the 32 NFL house owners to maneuver.

___

eleven:25 a.m.

The Alameda County Board of Supervisors is assembly to vote on a $1.three billion stadium challenge that would hold the Oakland Raiders on the town.

Soccer Corridor of Famer Ronnie Lott, who’s spearheading the trouble, stated earlier than the listening to that they’ve a singular alternative to do one thing that many individuals did not assume they might do.

Lott is working with former quarterback Rodney Peete and an funding group.

A number of Raiders followers are within the room to induce the board to provide its approval so directors might then negotiate a proper settlement for a stadium venture that features $350 million in public cash.

Staff proprietor Mark Davis already has dedicated to shifting the Raiders to Las Vegas, the place a $1.9 billion stadium venture has been authorised.

___

10 p.m.

Metropolis and county officers are anticipated to vote Tuesday on a deal for a $1.three billion new stadium that supporters hope will hold the Oakland Raiders on the town.

If the Alameda County Board of Supervisors and the Oakland Metropolis Council approve, directors might then negotiate a proper settlement for a stadium challenge that features $350 million in public cash.

Workforce proprietor Mark Davis already dedicated to shifting the Raiders to Las Vegas, the place a $1.9 billion stadium challenge has been permitted. Oakland Mayor Libby Schaaf vowed to proceed engaged on a counter-proposal to attempt to maintain the staff in Oakland.

A transfer to Nevada just isn’t sure, though a vote by the NFL on whether or not to permit the transfer is feasible as quickly as January. The Raiders should get approval from 24 of the 32 NFL house owners to maneuver.

Copyright 2016 The Related Press. All rights reserved. This materials will not be revealed, broadcast, rewritten or redistributed.



Source link