Stop the presses! Oakland may have a developer for its planned “Coliseum City” stadium and entertainment complex! Or, well, has a developer maybe interested in building it, though it’s not clear that they’re interested in being the ones to pay for it:
The investment group is composed of Colony Capital LLC, which manages investments totaling $32 billion, and Rashid Al Malik, an investor who recently served as deputy CEO of a multibillion dollar aerospace firm founded by the uncle of Dubai’s ruling sheik.
Operating under the banner Bay Investment Group, LLC, Al Malik and Colony are slated to join Oakland’s master-planning team for the Coliseum complex and help fund a new stadium feasibility study.
More importantly, they also want to take the lead in redeveloping the Coliseum complex, which is surrounded by parking lots and cut off from surrounding neighborhoods and city life.
The Coliseum City idea has been kicking around for a couple of years, and would potentially include new venues for the Raiders, A’s, and Golden State Warriors, though since I don’t think anyone’s put a price tag on any of this, it’s all complete wishcasting at this point. Still, the fact that there’s at least one developer who doesn’t think this is a totally crazy idea, plus Raiders owner Mark Davis’s insistence that he only wants a new stadium if it can be in the exact same place as the old stadium, already has people speculating that this spells the death knell for the A’s in Oakland. Like, for example, Forbes “contributor” (read: unpaid blogger) Alicia Jessop:
While some may see this move as the A’s waiving the white flag and succumbing to life in Oakland, the Raiders may slowly riding in as the A’s knight in shining armor. The shield that the Raiders hold in this case, is that team’s desire to build a new facility on the current coliseum site.
The A’s have made it clear that they have no desire to rebuild or build a new stadium on the current coliseum site. Thus, if the Raiders’ new stadium plan is approved the possibility exists that the A’s will be left without a place to play when construction is ongoing. Thus, if this situation arises, might MLB be more inclined to allow the team to move to San Jose?
How should I put this? “No.” Though the image of Lew Wolff calling Bud Selig (or his successor) and crying into the phone, “They’re going to put all our stuff on the curb! Puhleeeeeze tell the Giants they have to let us move now!” is pretty amusing.
Also, note that the white flag is now available to any other A.L. team on waivers. Either that or Forbes doesn’t bother to proofread its “contributors,” and surely that can’t be the case.