Oakland to Sell A’s Stadium as MLB Team Exits for Las Vegas (1)

With the Oakland Athletics playing their final season in Oakland, the city has agreed to sell its stake in the stadium where the baseball team has played since 1968.

The city is selling its one-half share of the 155-acre complex for a minimum of $105 million to the African American Sports & Entertainment Group, whose plans for the site include residential and commercial uses. Oakland will use the proceeds to help offset a projected $292 million budget deficit over the next two fiscal years and avoid layoffs.

“Oakland is committed to bringing new investments to our communities to help boost ...