https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8130453&GUID=5AFD9A11-F95D-42F4-B396-245C29D5D252Legistar15https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8130453&GUID=5AFD9A11-F95D-42F4-B396-245C29D5D2525AFD9A11-F95D-42F4-B396-245C29D5D252-2026-07-09-19-19-39Title: Subject: Second Amendment To Coliseum Complex Sale Agreement From: Economic And Workforce Development Department And Finance Department Recommendation: Adopt An Ordinance (1) Authorizing The City Administrator To Amend The Purchase And Sale Agreement Of The City Of Oakland’s Undivided 50% Interest In The Coliseum Complex Located At 7000 Coliseum Way, Oakland, California, To Allow The Simultaneous Sale Of The Arena Parcel For The Lump Sum Payment Of $50 Million And The Stadium Parcel For $60 Million With Seller Financing From The City, Crediting The $5 Million Deposit Held By The City Prior To The Sale; (2) Authorizing The City Administrator To Negotiate And Execute An Agreement Pursuant Which The Buyers Agree To Pay To The City 6% Of The Annual Gross Ticket Sales For Any Event At The Arena Parcel And The Stadium Parcel Less Applicable Taxes; (3) Amending Ordinance No. 13801 C.M.S. Conditioning The Sale To Require Development Of On-Site, Affordable Housing And Other Benefits To Solely The Sale Of The City’s Interest In The Stadium Parcel; (4) Authorizing The City Administrator TThu, 09 Jul 2026 19:19:39 GMT