This is not unexpected, yet strange.
— Matthew Artz (@Matthew_Artz) February 19, 2015
If memory serves, Davis still hasn’t paid the minuscule 2014 rent at the Coliseum, all while currently making improvements to the Alameda training facility. Seems like there’s a quick way to get everyone on the same page, especially if Davis’s request is just a first step towards completing a Coliseum City deal.
More from BANG’s Matthew Artz:
Looks like Davis’s go-it-alone strategy isn’t going so swimmingly, hence the pivot back to Kephart. Plus now Ron Leuty of the SF Business Times sheds additional light on the County’s resistance to Coliseum City.
‘Currently, (Alameda County) is not at the table,’ said Floyd Kephart, the lead executive of New City Development LLC told an Oakland business group Thursday, though he planned to meet Thursday afternoon with Alameda County Supervisor Scott Haggerty.
The City’s priority is clearly to work out the future of the Coliseum area, beyond the complex. The County’s appears to be fixated on the debt issue, which, while small in the grand scheme of things ($2-3 billion in total development), is plenty large enough to trip up any plan. Few entities can afford to write off $100+ million of debt. Packaging that debt creatively is a monumental task in and of itself. If the County wants to get tough on this, it’s their right and responsibility. Because without the County, there is no deal even if an EIR gets certified. So much for everyone being on the same page.
‘Just come to the bloody table and make a reasonable and fair attempt to see if we can keep the Raiders, build a stadium and do this development,’ said Floyd Kephart, a San Diego-based businessman who is trying to finance the city’s multibillion Coliseum City project, which envisions new stadiums for both teams at the Coliseum site.
Kephart’s remarks before a meeting of the West Oakland Commerce Association, didn’t sit well with Alameda County Supervisor Scott Haggerty who said the county was doing its due diligence. “I don’t know why people are insinuating that we are not at the table,” he said in a phone interview before a scheduled meeting with Kephart. ‘Just because you are asking questions doesn’t mean you are not at the table.’
So many moving parts. Davis wants to try his own bid, then gets back together with Kephart (how willingly is unclear). Haggerty, who is now the President of the Board of Supervisors, is taking on the role of chief inquisitor. Hey, nobody said it would be easy.