OAKLAND, Calif.--(BUSINESS WIRE)--Today, the City of Oakland, Alameda County, the Lott Group and Fortress, who have been working in concert to develop a fully-financed local stadium proposal for the Oakland Raiders, shared publicly documents detailing the strength of the Oakland plan.
Specifically, they made public for the first time, their most recent correspondence to the NFL. The letters and accompanying documents were sent in follow-up to a March 6, 2017 presentation Mayor Libby Schaaf and former NFL player and real estate investor Ronnie Lott made to the NFL’s Joint Stadium and Finance Committee that outlined the economic advantages to the league and the team of staying in Oakland.
“We’re not giving up in the fourth quarter,” said Oakland Mayor Libby Schaaf. “Since I took office two years ago, I have been focused on taking a team-centered approach that is responsible to the Raiders, the NFL, the fans and the taxpayers of Oakland. We’ve been successful in doing the environmental clearance, aligning the City and the County which jointly own the land, engaging the league and bringing partners to the table in the Lott Group and Fortress who have the financial backing, compassion for this community and intimate knowledge of the game -- on and off the field -- to get a deal done. All that’s missing is the Raiders.”
“I know how passionate the Bay Area is about the Raiders,” said NFL Hall of Famer Ronnie Lott. “To rip this team away from Oakland for a second time would be heartbreaking and entirely unnecessary given that we have a viable option on the table that keeps them here and helps this community and the team grow. We have a sophisticated financial partner in Fortress. We have done the due diligence, and it is clear that the only fully-financed, ready-to-roll option for the Raiders is in Oakland.”
Oakland Mayor Libby Schaaf, City Council President Larry Reid, whose district is home to the existing Coliseum and the proposed new stadium site, Lott Group partner and former NFL quarterback Rodney Peete and Fortress Managing Director Drew McKnight plan to gather with fans, local business leaders, nearby residents and other community members to demonstrate support for the Oakland stadium plan at events planned for Saturday, March 25. This is the day before NFL owners begin a series of meetings during which they are expected to discuss, and possibly vote on Raiders’ owner Mark Davis’ request to move the team to Las Vegas.
City of Oakland
Erica Terry Derryck