A preliminary framework for a new Raiders stadium proposal was submitted to Oakland city officials on Monday, according to a spokeswoman for mayor Libby Schaaf.
While a complete financing plan isn’t due until August, Raiders owner Mark Davis said last month that seeing a preliminary plan was an important step in the effort to keep his NFL team in Oakland. It is, however only the start of a larger process to determine whether a stadium and urban redevelopment proposal dubbed Coliseum City is a truly viable project.
San Diego-based developer Floyd Kephart and his New City development group was required to provide the framework of a stadium proposal to keep the Raiders and possibly MLB’s Athletics in Oakland as part of large urban development project on the Oakland Coliseum site around this time.
Details of the New City submissions will be absorbed and evaluated by public officials and the Raiders in the coming weeks, but the details will not be released due to a confidentiality agreement, according to the Bay Area News Group.
Kephart was charged with finding innovative ways to help bridge a $400 million funding gap for an estimated $900 million stadium project. The Raiders and the NFL can contribute $500 million. In addition to a stadium, Coliseum City would include housing, office space, restaurants and shops.
The A's currently share a stadium with the Raiders, but have not been cooperative with Kephart’s efforts. They would like to use the same parcel of land to build a new baseball-only stadium. The A’s don’t want to put two separate stadiums on that land, creating a possible scenario where Oakland keeps the A’s or Raiders and loses the other team.
NBA’s Golden State Warriors, who play at neighboring Oracle Arena, are set to move to San Francisco in 2018.
“We are directly engaging all of our teams with a strict focus on keeping them in Oakland,” Schaaf said in a statement. “At the same time, we’re analyzing the viability of the submission from Mr. Kephart, whose development group is in an exclusive negotiating agreement with the City and County that also allows direct negotiations with the teams.
"We’re taking this multi-pronged approach so we have as many options available as possible for stadium development without the use of City of Oakland general fund dollars, that works for the teams, the fans and the taxpayers of Oakland.”
Mayor Schaaf has long pledged not to use public funds for stadium construction, though the possibility for infrastructure improvements remains a possibility.
That will reportedly be asked of the city.
The San Francisco Chronicle reported Sunday that a few details of this proposed framework have emerged. Kephart’s group is expected to ask that a portion of Coliseum complex land be sold to the Raiders at market value. The city of Oakland and Alameda County will reportedly be asked to fund infrastructure improvements that could cost up to $140 million.
Also, New City is requesting that the Raiders be cleared of debt service on remaining Oakland-Alameda Coliseum expansion costs that brought the Raiders back from Los Angeles in 1994.
New City’s framework and financing plan must be acceptable to the team and public officials, meaning there are many miles to trudge in a quest to keep the Raiders in Oakland. If it is not, Kephart’s exclusive negotiating agreement could be allowed to expire in August. The team and Oakland/Alameda officials will continue to explore all possible options to keep the team in Oakland.
The Raiders want to stay in Oakland but are also moving forward on a stadium proposal in Carson to build a venue in the Los Angeles area that would be shared with the NFL’s Chargers, who currently play in San Diego.
The St. Louis Rams, Raiders and Chargers all have at least one eye on LA, and the NFL seems ready to put one or possibly two teams in the lucrative market for the 2016 season.