An early reason for Thanksgiving? Well, let’s not get ahead of ourselves yet. Floyd Kephart, the point man for the rejuvenated Coliseum City effort, has a meeting with Lew Wolff scheduled for Monday.
The encouraging news is that Kephart may have put together a plan to keep either the A’s and/or Raiders while paying off the outstanding Mt. Davis debt. That previously was not on the table, at least under the Raiders-centric plan.
As of this writing, there are 58 days left in the recently-extended Coliseum City ENA. Kephart has to deliver at least one team and a master developer to sign on, otherwise CC is toast.
Or is it? Is there anything stopping yet another 3 or 6 months? Presumably the Raiders will have to decide whether to make a run for LA in January or February, when the NFL’s relocation window opens. Mark Davis, Stan Kroenke, and Dean Spanos will all be tempted to be first movers, if only to stake the first claim to LA despite the lack of concrete new stadium plans. What would happen if the relocation window and the ENA both expired with no action by Davis? Davis would be forced to work on a lease extension somewhere, whether at the Coliseum, Levi’s, AT&T Park, wherever. The JPA and the City of Oakland would prefer to keep the Raiders locked into a multiyear lease, which would buy them additional time while they waited for Coliseum City to magically pencil out. Naturally, Davis would be most comfortable with a year-to-year agreement. Inevitably, it all comes down to Davis being the first domino. Little else substantive can happen without his involvement, at least if Oakland wants to keep the Raiders within city limits.
A hidden issue for all three potential relocation candidates is the need for a practice facility and headquarters. The Chargers might be able to get away with keeping theirs temporarily in San Diego. The Raiders could also keep theirs in Alameda via a lease extension while flying down to LA for games, though the JPA may choose to slam the door in Davis’s face if he brings in the moving vans. Kroenke has vast land holdings, including that Hollywood Park purchase from earlier in the year, so if he wanted to build a facility in conjunction with the move, there’s little to stop him. However, that would take at least a year to complete with no temporary facility in place, and the NFL would prefer that these teams not use a local JC or high school in the interim.
Going back to Wolff, there’s little reason to think he’ll be significantly swayed by Kephart. Wolff already has his own designs on the Coliseum complex, so a third party would add needless complication. Kephart might have a third way that suits Wolff and New City’s investors, though it’s hard to see what that is. Perhaps if Wolff gets the complex to develop, while New City takes the area between the complex and the BART station and the “Area B” west of 880, all parties may be satisfied. It was always assumed that the $500-600 million funding gap made using all 800 acres necessary. Since the A’s would probably need only a fraction of that for the ballpark, there stands to be more wiggle room for all parties. For a project as large as this it’s not unusual to have several developers handling different sections and phases. Getting them all on the same page, making their respective contributions, and not getting too greedy – that’s the hard part.