The "clock is ticking" for both the city of Oakland and Alameda County to "approve the proposed" $1.3B Raiders stadium deal ahead of the NFL owners' meeting next week in Dallas, according to Matier & Ross of the S.F. CHRONICLE. While the deal is "still a work in progress, the intent is to have something ready in time for the NFL owners to take it up when they meet Dec. 14." The goal is not to "forge a final agreement but rather to present a working outline to the NFL stadium committee in time to counter Las Vegas' attempt to lure the Raiders there." Oakland City Councilman Larry Reid said, "We are meeting on (Wednesday) in a closed session." Matier & Ross note five supervisors are "scheduled to review the latest proposal from the city," along with Pro Football HOFer Ronnie Lott, former NFLer Rodney Peete and their financial backers at Fortress Investment Group. As it stands, the Raiders stadium package "calls for" $600M from Lott’s team and FIG, a combined $500M from the Raiders and the NFL, and $200M in infrastructure money from Oakland. The A’s, who share the Oakland Alameda-County Coliseum with the Raiders, will be "offered 15 acres on the north side of the property if they decide to stay." Sources said that the supervisors have "questions about the land transfer, and that they hadn’t seen any 'stress tests' on the finances to make sure the taxpayers wouldn’t be exposed" (S.F. CHRONICLE, 12/6).
DOING DUE DILIGENCE: In Las Vegas, Michael Davidson noted local research firm Applied Analysis will "continue to play an integral role in bringing a stadium to the Las Vegas Valley" after the Stadium Authority Board temporarily hired it during its inaugural meeting yesterday. The board -- "tasked with choosing the site and approving contracts" for a planned $1.9B domed stadium -- "met for a little longer than 90 minutes at UNLV’s Stan Fulton Building." The firm has been "involved with efforts to build a 65,000-seat stadium in Clark County for the past 18 months and guided the proposal through the Southern Nevada Tourism Infrastructure Committee and Nevada Legislature." The board’s charter "allows it to meet for 12 months, with an ability to extend that for six more months." The board will "become permanent once the NFL authorizes a team to come to Las Vegas" (LAS VEGAS REVIEW-JOURNAL, 12/6).
