The Raiders should have some state-of-the-art scoreboards at their 2015 home games, flashy additions to a stadium they’d rather discard.
The Oakland Coliseum still has some life in it yet. A 10-year lease extension agreed upon between the Athletics and the Oakland-Alameda Joint Powers Authority (JPA) on Thursday goes through 2024 and, while out clauses remain, keeps the A’s tied to the stadium through 2017.
CSN A’s insider Joe Stiglich addressed the deal’s details and our man Ray Ratto gave his two cents earlier today, so we’ll stick with the extension’s impact on the Raiders.
Honestly, it’s not much. The Raiders remain free to pursue a new stadium on the Coliseum site – which remains Raiders owner Mark Davis’ chief objective – but there are some caveats on when/if a very-much-still-in-limbo project could break ground.
If the Raiders were to build an approved development next door to O.co Coliseum, they could break ground without hindrance.
For the Raiders to build an approved development on the exact O.co Coliseum footprint, the JPA would have to give the Athletics two years notice the Silver and Black could start construction.
In that scenario, a stadium developer would have to put $10 million into an escrow account.
The Raiders have a lease that ends following the 2014 season. Davis remains committed to finding a long-term solution in Oakland, but remains cautious after years without tangible progress.
Davis said a few weeks ago that the A's and Raiders are not rivals. They aren't working in concert, either. While Davis will continue his efforts to remain in the East Bay, the Athletics' efforts complicate matters some for the Raiders' quest for new stadium.