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Oakland Officials Prepare For Raiders Stadium Plan Push

OAKLAND (CBS SF) -- The City of Oakland is getting ready to make what could be it's final play to keep the Raiders on Monday as city officials prepared to vote on the proposed stadium plan.

The deal outlined so far has Ronnie Lott and Rodney Pete with partners from Fortress Investments putting in $600 million, the Raiders and the NFL putting in $200 million and the public providing $350 million in land and infrastructure.

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Some are wondering how this deal is different from the last one that wound up leaving Oakland, Alameda County and local taxpayers holding the bag.

"It's less on smoke and mirrors this time," said Alameda County Supervisor Scott Haggerty.

While that may be, there are still a lot of unanswered questions, including concerns about the terms being offered for the land.

The city and county will be turning over 130 acres valued at $150 million for the deal, but it has yet to be determined if the land is being sold or leased.

Either way, officials tell KPIX 5 that taxpayers likely won't be paid back for years.

"We won't see money off the land for a while," explained Haggerty.

Then there is the $200 million from the City of Oakland to fix up the site. Assistant City Administrator Claudia Cappio outlined some of what those funds were projected to be covering.

"Sewer, storm drains, water, lighting, parking, roadways," said Cappio.

Again, that money is to be paid back from in taxes brought in over time by the stadium project

Another concern is the $60 million still owed on the adjacent Oracle Arena.

"That will be a large part of the discussion about the future use of the Oracle Arena," said Cappio, admitting that element is still undetermined.

One big change from the last deal; this time if the project goes over budget or tickets don't sell, the developer covers the cost

"The city and county are completely off the hook," said Cappio.

That is an important point, since the city and county are still paying off $20 million a year on that old raider deal, which has meant years of less police, fire and other services.

When asked what he would say to critics who complain that at a time when the city can't afford hire fire inspectors and building inspectors, Oakland leaders are getting involved with a Raider deal of this size, longtime city councilman Noel Gallo said, "This is a different opportunity. For me, its more like a business transaction and we have to treat it that way."

"It says that we are serious to the NFL," said Haggerty.

It is projected that it could still take another year to hammer out all the details of the Raiders stadium proposal. Nonetheless, city and county officials are set to vote on the plan Tuesday prior to sending it off to Raiders owner Marc Davis and NFL officials.

Meanwhile, NFL owners will soon be getting an update on the competing plan to move the Raiders to Las Vegas.

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