The chief negotiator for the Oakland-Alameda County
Coliseum, Ed De Silva, is working out the "final details of an
offer" to Raiders Owner Al Davis that includes major stadium
renovations and a commitment by the football team to return to
Oakland for at least 15 years. De Silva said the new offer --
"which could be brought to the Coliseum board of directors as
early as next month" -- involves the sale of bonds by the city of
Oakland and Alameda County to finance stadium reconstruction.
The Oakland proposal calls for city and county construction bonds
to be paid off with football revenues. De Silva "declined to
discuss specifics of revenue-sharing or stadium renovations,
saying details are still being worked out." The renovations
would be similar to those proposed during Oakland's '90 attempt
to lure back the Raiders. "One major difference" from the '90
offer is that the Raiders would not be guaranteed income. Any
offer to the Raiders would first need the approval of the
Coliseum board, the Oakland City Council and the Alameda County
Board of Supervisors (Judy Ronningen, S.F. CHRONICLE, 9/23).
