Raiders Reportedly Eye $800M Stadium
OAKLAND (Bleacher Report) — The Oakland Raiders have one of the oldest and most unsightly stadiums in the NFL today. However, the Silver and Black might be able to ditch the O.co Coliseum—opened way back in 1966 — if they can garner enough support.
The Raiders are reportedly interested in building a 50,000-seat stadium in Alameda County, which would cost an estimated $800 million. The stadium would be the smallest in the league if it comes to fruition.
Despite that, there are major concerns regarding the Raiders’ ability to pay for it. The Raiders are reportedly willing to put up $300 million and also plan to borrow $200 million from the NFL as part of the league’s stadium loan program. That leaves $300 million, which would have to come from Oakland taxpayers, but it remains to be seen if such a proposal would be accepted.
READ MORE from Bleacher Report on the Raiders interest in a new stadium.
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