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New Era: Oakland Coliseum Sold In $5 Billion Urban Redevelopment Deal

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Oakland city leaders are celebrating a new deal that will inject some much needed cash into the city. The iconic Oakland coliseum has been acquired by the African American Sports and Entertainment Group (AASEG) as a central part of their multibillion-dollar plan to redevelop the 112-acre site with affordable housing, commercial space, entertainment venues, sports facilities and more. Oakland is set to receive $105 million from the sale, being enough to avoid major cuts to police and fire departments due to financial problems the city is currently facing 

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The postNew Era: Oakland Coliseum Sold In $5 Billion Urban Redevelopment Dealappeared first onCultureBanx.

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