Oakland Raiders Coliseum Lease Talks Continue With 2020 As Target Before Las Vegas
The Oakland Raiders talks with the Oakland Alameda County Coliseum Joint Powers Authority about a lease extention continue, and with the target end date being the 2020 NFL Season.
According to a well-placed friend of mine, the details of the negotiations call for, as of this writing, a rent structure that essentially doubles each year to 2020. At that point the Raiders expressed concern that the proposed rent (said to be around six million at that point for 2020) was too expensive. It is. I’m told that the Coliseum JPA reportedly suggested the Raiders talk to Jed York about playing at Levi’s Stadium for the 2020 Season.
What this reflects is a clear belief amoung the Coliseum JPA minders that they have been both lied to and used as the Raiders continued to develop a process toward a new stadium. Many of the Coliseum JPA Board Members would love for the Oakland Raiders to reverse course and stay in Oakland. Many of the Coliseum JPA Board Members are also still very much (and the best way to characterize this is) pissed off that (in early 2016 and with evidence to prove it) the Raiders organization went behind the joint-powers authority’s collective back and made a deal to build a new stadium in Las Vegas.
By contrast, the Oakland Raiders never once made an earnest, focused, singular attempt to build a stadium in Oakland. Moreover, while holding talks on new stadium infrastructure costs that had already been determined years ago by the City of Oakland, the Raiders paid for the creation of a conceptual video of how the MANICA-designed Carson Stadium would look. And that design formed the basis for the Las Vegas Stadium that’s in the predevelopment and land preparation stage right now.
So it’s under that clouded recent history that the Oakland Raiders negotiations for a lease extension have taken place. In addition, the original proposed desire of the Raiders (perhaps pushed by Las Vegas politicians) to play at UNLV’s Sam Boyd Stadium was not met because upgrading the facility for the NFL team was said to have a $30 million price tag attached to it. The increase in rent at the Coliseum still comes nowhere near what the Raiders would have to pay to make a home in Las Vegas before the new stadium is ready.