Oakland Alameda Coliseum Officials say Raiders likely to stay through 2020
Coliseum officials are optimistic that the Raiders will remain in Oakland through the 2020 NFL season as they wait for their $1.9 billion Las Vegas stadium to be built. The team’s current contract with the authority will last through the 2018 season. Under the current agreement, the Raiders pay $3.5 million in rent, and its revenue from parking, concessions, beverages and club dues are split with the public agency. The city and county pay the game-day expenses, such as police overtime and converting the field when the A’s and Raiders seasons overlap. Scott McKibben, executive director of the Oakland Alameda County Coliseum Authority, states:
For sure we are talking about a one-year extension and there’s a real likelihood we could be talking about two years.
McKibben has been having informal conversations in recent weeks with Raiders President Marc Badain and said that while there’s no pressure to hammer out a lease extension, “it’d be to everyone’s benefit” to get it done in the incoming months. Clark County officials in Nevada wanted the 65,000-seat domed stadium to be built in time for the 2020 season, but reports indicate that there are a number of problems around parking and transportation, a community benefits deal and a joint-use agreement with the University of Nevada, Las Vegas. However, some East Bay officials are less eager than McKibben to keep the team in town. Oakland Council President Larry Reid, who’s vice chair of the Coliseum Authority, said that he might vote against a lease extension. Raiders fans in Oakland will be happy to hear that their team might stay just a bit longer before they move on to Las Vegas.