I never intended to create a series of posts titled “Adult Conversation,” yet here they are:
…plus there are other related posts that had to do with Coliseum City in 2015:
- Schaaf proposal would allow competing proposals from Raiders and A’s
- Yesterday’s important takeaway is that City & County are on the same page
What happened since then? Besides the the Warriors leaving for SF and the Raiders’ announcement of their exodus to Vegas, not that much.
Now that the City and County are embroiled in a lawsuit over the sale of the County’s share of the Coliseum to the A’s, we’re stuck in a state of utter confusion. Quick recap: City sued County two weeks ago. Rob Manfred stepped in and threatened to move the A’s to Vegas if City doesn’t back down. This week, County threatens to stop negotiations on the Coliseum if City doesn’t back down.
Hold on a sec. Does anyone really know what the two sides are arguing about?
According to the City of Oakland, Alameda County went and took the offer from the A’s without seeking a counteroffer from the City. The previous working plan was that the County would pay off the debt, and the City would pay back the County over time to regain control of the entire complex, allowing the County to exit the sports venue business. That was the essence of the adult conversation. The City didn’t (and reportedly still doesn’t) have the money to pay for their share and pay back the County, so that went nowhere.
However, the City is now revealing a different wrinkle to the A’s deal. According to City Council member Larry Reid, the County is allowing the A’s to pay off the County’s remaining debt installments, a pitch that the County didn’t in turn make to the City. That sounds a lot like what the City wanted, right? This is what doesn’t make sense to me. The City wasn’t able to take over the debt, yet they say the County didn’t give City the option to try? (As far as I know, neither City nor County have the option to accelerate the payments to pay off their share early.)
Either the City or County is interpreting the terms of the arrangement wrong. And that is what I find most disappointing about all of this. The two sides, after back and forth periods of acrimony and harmony, literally had years to iron out the details of the Coliseum’s dissolution. That is what was supposed to be the eventual product of the adult conversation. Perhaps they got distracted by the pipe dream that was Coliseum City. There were certainly other more pressing civic priorities over the years. But the important takeaway from all of this is that the Coliseum JPA is about to get out of all of this without going broke in the process, though they certainly got close. Whether the land is sold back to the City or is sold to the A’s, both City and County will be made whole, instead of incurring even more enormous debt via a new complex of stadia as they were ready to incur.
That all said, part of me is hoping for the November hearing to go as currently scheduled, as it could finally put the matter to rest. The two sides are having closed-door talks right now to settle out of court. Maybe that’ll finally result in something. They had a chance to settle for years. What should cause them to strike a deal now, after all this time? Sometimes, the only thing you know is litigation.