It appears that the Raiders will remain the Oakland Raiders. Reports are that a new stadium deal is almost finalized. Will this help the team to start winning, though?
A new Raiders stadium offer worked out by Oakland Mayor Jean Quan’s development people calls for giving free land to the team and for city and Alameda County taxpayers to pay off $120 million they still owe for the 1990s overhaul of the Coliseum – which would be demolished.
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Now, Zach Wasserman, an attorney representing backers of a hoped-for sports, housing and retail complex called Coliseum City, says the “basic terms” of a financial deal have been worked out among his group, the city’s negotiators and the Raiders.
“I expect it to be executed soon,” he said.
In other words, everyone’s waiting for the thumbs-up or thumbs-down from Raiders owner Mark Davis – who has been very publicly looking at other cities.
[h/t Bleacher Report]