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Oakland Votes on Coliseum Sale | Oakland News
Oakland’s city leaders face a pivotal decision this Monday as they vote to sell their 50% stake in the Coliseum complex for $110 million, with an additional $15 million expected later. The deal includes a revenue-sharing agreement: the city will earn 6% of all future gross ticket sales from events at both the arena and stadium. Proponents argue it’s a win-win—freeing the city from costly upkeep while unlocking new economic opportunities, jobs, and event-driven revenue. Mayor Barbara Lee will lead a press conference with entertainment heavyweights like Irving Azoff to unveil the plan, marking…
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