The Warriors are leaving and the A’s want to leave, but the Raiders want to stay.
The report states that the Raiders are willing to pay $300 million, and under its stadium loan program, the NFL would contribute another $200 million. That leaves $300 million that will have to come from another source, otherwise known as the citizens of Oakland.
“Both sides are conducting studies to determine the demand and financial viability of the project,” the Raiders said in a statement to the Tribune.
The 50,000-seat stadium — if it were to be built — would be the smallest stadium in the NFL, even smaller than the 53,200 that the O.Co Coliseum, their current home, can hold.
The Raiders lease on the Coliseum ends after next season, and there is a chance that the team could once again bolt for Los Angeles should the stadium issue not be resolved.
“If we can’t get something done, I’ve got to do what’s best for the team,” Raiders owner Mark Davis told the San Jose Mercury News last month.
The Raiders played in Los Angeles from 1982-1994 before moving back to Oakland and remaining there ever since.
“My primary concern is this is a city that always had three major league teams and that now there is the possibility that we will have none,” said Oakland councilman Larry Reid.
It’s been no secret that the Coliseum is in need of a serious upgrade, currently serving as the only stadium used by both a baseball and football team.
Last month, in an exclusive interview with GoldenGateSports.com, former A’s executive Andy Dolich proposed a solution.
“You could do a retrofit on the existing O.Co Coliseum and make it a football-only stadium, and build a baseball-only stadium on the Coliseum site,” he said.
So far, there has been little progress made on finding a new stadium for the A’s, as owner Lew Wolff has made clear his desire to relocate to San Jose.
With the Warriors planning to move in 2017 and the Raiders situation in limbo, this new 50,000-seat stadium proposal could be a starting point to ensure that Oakland keeps at least one of its sports teams.