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Vote On Oakland Raiders Lease A Formality, Coliseum Is Home For 2019-2020 – Live Talk

The Raiders Lease is done. The Oakland-Alameda County Coliseum Joint Powers Authority plans to meet this Friday morning to officially approve the deal via a board vote. A public board and a closed session vote.

The item, Item 6A, reads as follows: “NEW BUSINESS
6a. RESOLUTION APPROVING AND AUTHORIZING THE EXECUTION OF SUPPLEMENT NO. 7 TO THE MASTER AGREEMENT AND EXHIBITS TO THE MASTER AGREEMENT BETWEEN THE OAKLAND RAIDERS AND THE OAKLAND ALAMEDA COUNTY COLISEUM AUTHORITY AND APPROVING AND AUTHORIZING THE EXECUTION OF A SETTLEMENT AGREEMENT FOR A PARKING REVENUE DISPUTE BETWEEN THE OAKLAND RAIDERS AND THE OAKLAND ALAMEDA COUNTY COLISEUM AUTHORITY”

The next item is “7a. Pursuant to California Government Code Section 54956.8: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Property: 7000 Coliseum Way Oakland, CA 94621
Agency Negotiator: Scott McKibben, Executive Director Oakland Alameda County Coliseum Authority
Negotiating Parties: Mark Davis, Principal Owner and Managing Partner, Oakland Raiders
Under Negotiation: Price and terms of payment for license agreement extension”

That language is standard for closed session meetings where the Raiders are involved.

So, given the theater of last Wednesday, when a vote in public was expected and a closed session vote, and what happened was the Coliseum JPA Board only had what amounted to a briefing, this is entirely different. Expect an affirmative vote in public and in closed session.

The Raiders lawyers and the City of Oakland and County of Alameda Lawyers have been involved in this issue to this point. There would not be a vote had the matter not been resolved.

More on the livestream sports talk show. A short one for this evening.

Stay tuned. via IFTTT

Oakland Raiders Lease Finished, NFL Will Return To Oakland For 2019-2020

Oakland Raiders Lease Finished, NFL Will Return To Oakland For 2019-2020.

Zennie62Media was just informed that the Oakland Raiders have agreed to return to the Oakland Coliseum, according to Coliseum JPA Exec Director Scott McKibben.

The Public meeting to sign the deal will be this Friday March 14th at Oracle Arena.

The lease extension consists of two levels of rent: $7.5 million and $10.5 million in 2019 and 2020 respectively. The teams game day expenses will continue to be paid by the Coliseum JPA. But the deal returns a gain of $2 million to the Coliseum Authority. That is the most money from a single transaction, not annualized, in the history of the Oakland Coliseum.

Stay tuned. via IFTTT

Oakland Coliseum JPA, Raiders Lease Talks Done, NFL News On Monday

Oakland Coliseum JPA, Raiders Lease Talks Done, NFL News On Monday

Oakland Raiders Coliseum Lease Extension Update: Coliseum JPA Exec Dir Scott McKibben told me “Terms sheets have been exchanged and lawyers are doing final reviews. We should know late Monday if we have a fully agreed upon deal.”

A “term sheet” is just a set of bullet points that outline a deal. The lawyers exchange term sheets in an effort to produce one final agreement. The end result would be good for the Coliseum in that it would be the largest single amount of money to the Coliseum JPA in its history.

That reflects decades of mismanagement prior to the arrival of McKibben in 2014.

Stay tuned. via IFTTT

Oakland Coliseum JPA, Raiders Lease Talks Done, NFL News On Monday

Oakland Coliseum JPA, Raiders Lease Talks Done, NFL News On Monday

Oakland Raiders Coliseum Lease Extension Update: Coliseum JPA Exec Dir Scott McKibben told me “Terms sheets have been exchanged and lawyers are doing final reviews. We should know late Monday if we have a fully agreed upon deal.”

A “term sheet” is just a set of bullet points that outline a deal. The lawyers exchange term sheets in an effort to produce one final agreement. The end result would be good for the Coliseum in that it would be the largest single amount of money to the Coliseum JPA in its history.

That reflects decades of mismanagement prior to the arrival of McKibben in 2014.

Stay tuned. via IFTTT

Oakland Coliseum JPA Raiders Lease 2019 Update

Oakland Coliseum JPA Raiders Lease 2019 Update

As this is uploaded, The Oakland Raiders and Oakland Coliseum Joint Powers Authority Executive Director Scott McKibben have been negotiating and will through Saturday. This next day is pivotal in the future of the Raiders in Oakland. via IFTTT

Jussie Smollett Indicted On 16 Felony Counts For Lying To Chicago Police

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Jussie Smollett Indicted On 16 Felony Counts For Lying To Chicago Police

The Empire Star allegedly lies to Chicago Police about being attacked for being black and gay. As it turned out, Chicago Police learned that Smollett staged the attack himself, paying two other actors to beat him up for $4,000. via IFTTT

Captain Marvel Movie Review Cinemark 17 Fayetteville GA

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Captain Marvel Movie Review Cinemark 17 Fayetteville GA

Captain Marvel is one of the best superhero origin movies ever made. It stars Brie Larson, Samuel L. Jackson, and Jude Law, in the middle of a film that as as much a loving 90s period piece as it is a coming of age super woman story. via IFTTT