The Oakland Raiders need a new home and the fans are torn between the two options. Having found success in both Oakland and Los Angeles, the Raiders are a rarity in that they have loyal fans all over California. Unfortunately for those fans living in Oakland, with every day that passes, it appears less likely that the team will be able to stay in city where the team was founded.
The most recent report comes from Matier and Ross, two well-known investigative reporters with the San Francisco Chronicle, who claim that the deal is “gurgling blood.” According to their sources, there are three big problems facing the stadium project: money to build the stadium (shocker), cost of land on which to build it, and the presence of the Oakland Athletics.
Between the Raiders and the NFL, $500 million has been dedicated to the building of a new stadium, but as Oakland Mayor Libby Schaaf has repeatedly noted, the city will not provide public funds for the construction of a sports facility. Unfortunately, up to this point there is no solid source of funding from private investors that would account for the remaining money needed (likely at least another $500 million).
Then there’s the issue of where it will be built. According to Matier and Ross, the Raiders want free land. The City of Oakland, not surprisingly, doesn’t believe that is reasonable or feasible. The details of price for the land in Carson have not come out, but many believe the land was all but gifted to the Raiders and Chargers in an effort to get them to come. It appears the Raiders may be expecting the same treatment in Oakland, but are not likely to get it.
Finally, there are the Oakland Athletics who are also hanging out in stadium purgatory while a new home is figured out. According to Matier and Ross, owner Mark Davis insists that the old stadium gets knocked down as soon as the new one is started and that he does not want the Raiders to play in a construction zone while any project for the A’s is being built.
Anyone paying close attention to the stadium issues in Oakland knew it was a long shot that the city would be able to keep the Raiders. Now, thanks to Matier and Ross, we have a better idea as to what exactly is standing in the way of a new football stadium being in the same place as the original home for the Silver and Black.