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OAKLAND COLISEUM RENOVATIONS HINGE ON A'S, RAIDERS FATE
Published April 26, 1995
The $75M plan to modernize the Oakland Coliseum complex -- "complete with plans to enlarge seating capacity" for a Raiders return -- "hinges on the teetering Oakland A's sale" as well as the Raiders' commitment to come back, according to David Li in this morning's OAKLAND TRIBUNE. Coliseum President George Vukasin said East Bay officials do not want to go forward with any renovation plans until the A's sale is finalized. A "tentative deal" to transfer ownership from Walter Haas to a group led by Steve Schott and Ken Hofmann "still remains in doubt." Sources also note that the $75M renovation project would be tied to a 15-year Raiders lease and financed by construction bonds. Renovation plans include: increasing seating capacity from 55,000 to 67,000; adding up to 80 luxury suites to the existing 60; and new concession stands. The just-released Raiders schedule has the team playing two home games in September. On both Sundays, the A's are out of town. Raiders execs toured fields at the Alameda Naval Air Station this month, looking for practice facilities and dorms (OAKLAND TRIBUNE, 4/26). A'S SALE UPDATE: East Bay officials are back at the table with Schott and Hofmann, working out changes in their Coliseum lease. Schott & Hofmann are seeking control of the Coliseum year-round. Under the original deal, they would have controlled the stadium only during the baseball season. Several sources said they expect talks to "come to a head -- one way or another - - within the next two weeks." Haas: "We're working hard to get a resolution." There had been reports that Hofmann, who will own 50% of the team, wanted to pull out of the $85M purchase, but Vukasin "poohed-poohed that idea" (Judy Ronningen, OAKLAND TRIBUNE, 4/26).