OAKLAND, Calif. — Alameda County supervisors approved opening negotiations with an investment group on a proposed $1.3 billion stadium project that backers hope will convince the Oakland Raiders to stay in the city.
The Oakland City Council also will consider the issue Tuesday night. If the council approves as well, the parties can start negotiating a formal agreement for a stadium project that includes $350 million in public money by way of land and future revenue.
The push for a new stadium project is being led by Hall of Famer Ronnie Lott, who played for the Raiders and the San Francisco 49ers, and former quarterback Rodney Peete.