A preliminary framework for a new Raiders stadium proposal was submitted to Oakland city officials on Monday, according to a spokeswoman for mayor Libby Schaaf.
While a complete financing plan isn’t due until August, Raiders owner Mark Davis said last month that seeing a preliminary plan was an important step in the effort to keep his NFL team in Oakland. It is, however only the start of a larger process to determine whether a stadium and urban redevelopment proposal dubbed Coliseum City is a truly viable project.
San Diego-based developer Floyd Kephart and his New City development group was required to provide the framework of a stadium proposal to keep the Raiders and possibly MLB’s Athletics in Oakland as part of large urban development project on the Oakland Coliseum site around this time.