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VisitWhich major retailer will first announce a store in the Coliseum redevelopment project by the end of 2025?
Walmart • 25%
Target • 25%
Amazon • 25%
Other • 25%
Public announcements from AASEG, news reports, company press releases
Oakland Finalizes Coliseum Sale to AASEG for $230 Million Redevelopment
Aug 5, 2024, 02:32 PM
Oakland has finalized the sale of the Coliseum site to the African American Sports and Entertainment Group (AASEG). The deal, valued at $105 million, involves the sale of the city's portion of the site and aims to transform the area into a center for housing, hotels, and nightlife. The Oakland A’s baseball team has also agreed to sell its ownership stake in the Coliseum to AASEG for $125 million, completing the transfer of the massive sports and entertainment complex to the private sector. This historic agreement is seen as a major investment in the economic growth of East Oakland, providing substantial opportunities and benefits for the community.
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