Alameda County Blocked From Selling Coliseum Shares
A judge "issued a temporary restraining order" blocking Alameda County from "selling its share of the Oakland Coliseum to the A's," according to Sarah Ravani of the S.F. CHRONICLE. The decision "comes after Oakland sued the county in an attempt to block the sale and force the county to enter negotiations to sell the property to the city." Judge Frank Roesch said that the county can "continue to negotiate with the A's but cannot move forward with the sale of the 155-acre site until the issue is settled." A's President Dave Kaval said this poses another "complication with moving forward" with the Coliseum project, which includes a "robust" affordable housing plan and community benefits package. The A's and the county had "agreed on general terms" for the A's to buy the county's 50% share for $85M. Oakland Mayor Libby Schaaf said that she "hopes the lawsuit can be put on pause." City Council President Rebecca Kaplan claims that the "intent of the lawsuit isn't to prevent the A's from buying the county share," but rather to make the county "follow the process of the Surplus Lands Act." The Coliseum site is jointly owned by the city and county (S.F. CHRONICLE, 10/2). Proceeds from the housing, park and offices the team "wants to put on the site would help fund its downtown Oakland ballpark at Howard Terminal" (BIZJOURNALS.com, 10/1).