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RAIDERS DEAL A BARGAIN COMPARED WITH OTHERS?
Published September 5, 1995
"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).