"The deal to bring the Raiders back to Oakland is a bargain
compared with the amount of public money spent" in three other
cities to lure NFL teams, writes Peter Fimrite in this morning's
S.F. CHRONICLE.  Fimrite reports that while the Oakland Football
Marketing Assoc. (OFMA) has failed to sell the 80% of PSLs needed
to alleviate the city and Alameda County from paying for Colisuem
renovation, "the Oakland package is the only one to even attempt
to pay for itself."  Fimrite writes that "even a substantial cost
overrun in the Coliseum renovation and years of half-filled
stadiums would probably not lead to the amount of public money
spent in St. Louis."  Fimrite, who also examines the deals in
Charlotte and Jacksonville, concludes that if the gamble taken by
Oakland and Alameda County officials "pays off, the return of
professional football to Oakland will not only be a psychological
shot in the arm for the city, but could actually generate a
surplus" (S.F. CHRONICLE, 9/5).
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Franchises, NFL, Oakland Raiders

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