The city of Oakland received a financial plan for a potential Raiders stadium on Monday and they have 20 days to review it before deciding whether to accept it, reject it or ask for further information on the plan created by real estate developer Floyd Kephart.
Kephart was under a Monday deadline to deliver the plan, which needs to close a financing gap that Raiders owner Mark Davis said reached $400 million in order to make a new stadium in Oakland feasible. There’s a confidentiality agreement in place regarding the details of the plan, which is believed to ask the city and county for over $100 million in infrastructure financing and forgiveness for existing Raiders debt on the current Coliseum.