Wolff said the lease contains some out clauses based on what the Oakland Raiders decide to do about a potential new football stadium on the O.co Coliseum property.
A’s owner Lew Wolff appeared on Bloomberg TV Wednesday and said he expects the team to hammer out a lease extension in Oakland over the next few weeks.
After word of Tuesday night’s rejection from the A’s on a 10-year lease proposal to stay in Oakland, the Coliseum Authority is speaking out about about a debt they claim the team wants to be written off.
The team rejected a deal to play at the Coliseum, after being offered a 10-year lease extension by the Oakland Coliseum Authority.
A group trying to keep the A’s in Oakland has been lobbying for a stadium on the waterfront, saying it is taking the next steps toward making that dream a reality.
Major League Baseball commissioner Bud Selig formally informed the Oakland A’s this summer that the team’s bid to move San Jose had been denied.
Major League Baseball has suggested the Oakland A’s temporarily share AT&T Park with the San Francisco Giants for a couple of years as lease extension talks between the A’s and the Oakland-Alameda County Coliseum Authority have stalled.
State Controller John Chiang found Thursday that San Jose’s Redevelopment Agency improperly transferred $148.1 million for projects that included land to be given for an Oakland A’s ballpark, but a city official said the ruling does not jeopardize the stadium deal.
Oakland A’s owner Lew Wolff reiterated Thursday that his team needs a new home in the Bay Area and, after looking at the options, he thinks the best choice is San Jose.
KCBS, CBS 5 and Chronicle Insider Phil Matier said the team is working on a new lease that could mean they’ll stay in Oakland for a few more years.