The Oakland A’s offered to buy the Coliseum complex this week, in a letter to the Oakland mayor and city council. On Wednesday, Mayor Libby Schaaf responded by granting the A’s exclusive negotiating rights to both of their leading potential stadium sites: the Coliseum, and Howard Terminal.
Schaaf’s statement (or see video below):
“I am so excited to be supporting exclusive negotiating agreements at both the Coliseum and Howard Terminal, so that we double our chances to keep the A’s rooted in Oakland.”
When the A’s offered to purchase the Coliseum in exchange for paying off the city’s $135 million in remaining debt on the site, the biggest initial question was whether any other interested parties might outbid them for the land.