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Story summary
- Oakland City Council voted 6-1 on July 13, 2026 to sell its 50 % stake in the Oakland Coliseum for $110 million.
- Mayor Barbara Lee said the sale will give the city 6 % of ticket revenue and $15 million after permits, and will create jobs and revitalize East Oakland’s Hegenberger Corridor.
- Oak View Group will buy the arena parcel for $100 million and the stadium parcel for $60 million seven years after a $5 million deposit.
