An Oakland-based developer has assumed full ownership of the Oakland-Alameda County Coliseum, paving the way for the revitalization of the deteriorating California complex.
The Alameda County Board of Supervisors unanimously approved a $125 million deal to offload a 50% stake in the property to an affiliate of the African American Sports & Entertainment Group on Tuesday, giving the developer complete control of the Coliseum. The group purchased the other 50% stake earlier this year.
AASEG can now move forward with its proposal to spend $5 billion transforming the 112-acre complex. The company has announced plans to develop new sports facilities, ...
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