COLISEUM AUTHORITY | The morning after the Oakland Raiders unveiled a surprise joint proposal with the San Diego Chargers to build a stadium in Southern California, the Oakland Coliseum Joint Powers Authority (JPA) postponed a decision to approve a one-year lease extension for the team to play another season at O.co Coliseum.
No official reason was offered for the postponement, which was announced after the JPA officially named former Oakland Tribune publisher Scott McKibben as its new executive director. A vote by the JPA on the Raiders lease, however, could occur at a special meeting scheduled for early March, said Alameda County Supervisor Nate Miley, a member of the stadium authority.
JPA Commissioner Chris Dobbins said the move should not be seen a response to a report Thursday evening in the Los Angeles Times revealing that the Raiders and Chargers had recently purchased land at a landfill in the city of Carson, near Los Angeles, for a new 68,000-seat stadium to be shared by the rival football teams.
“The city wants to get its ducks in a row. We don’t want something to happen like last summer with the A’s where the city and county looked like they were playing stupid,” said Dobbins, referring to negotiations last year in which the Oakland City Council balked at a deal that the county had agreed to with the A’s. Dobbins, like other JPA commissioners, did not know about the Raiders and Chargers’ stadium plans before last night.
Other members of the JPA, including Alameda County Supervisor Nate Miley, said they first heard of the stadium plan from news reports and that Oakland Councilmember Larry Reid was alerted by Raiders officials shortly before the LA Times article was posted online.
“It’s still posturing, but even so, the Raiders are still saying they want to stay here. It really puts it on us to make something happen. Historically, we haven’t gotten anything done,” said Dobbins.
JPA officials agree that time is running out on keeping the Raiders in Oakland, while giving hints to some of the terms potentially being negotiated with the city, county, and the Coliseum City development group, known as New City Development, led by San Diego businessman Floyd Kephart.
“The clock is ticking,” said Miley. “The deadline is approaching.”
In an interview following the JPA meeting, Miley placed the current odds of the Raiders building a stadium in Oakland at “fifty-fifty.” But, he added, the Raiders are growing more comfortable with New City Development. Oakland officials recently approved a ninety-day extension of its Exclusive Negotiating Agreement (ENA) with New City. Miley added that he believes the county will eventually join the ENA. However, neither government body nor the Raiders have seen details on how New City plans to finance Coliseum City, he said.
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We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
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FOR LEASING OF BG/SBLC
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We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
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GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
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We Facilitate Bank Guarantee (BG) & Standby Letter of Credit (SBLC) Instrument Direct Mandate Provider of Fresh Cut Bank Instrument for Lease/Purchase such as BG, SBLC, MTN.
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We are major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
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We can deliver financial services instrument(BG/SBLC/MTN/DLC/LC) at affordable price to our customers in other to derive maximum utility. We understand that finding the right company to provide financial instrument is not easy. We are certified financial company that delivers banking instrument for lease which we adhere to our terms and condition. Over 96% of our clients are satisfied with our work whether it is business or financial service.
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We arrange Following Bank Instruments
Letter of Credit ( LC)
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Used For Import / Export Business and Trade Finance .
90/180DAYS
Bank Guarantee ( BG )
Fresh Cut
Slightly Seasoned
Seasoned
Stand By Letter of Credit ( SBLC )
90DAYS / 180/ 365DAYS
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Maxie Saviel
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Given the amount of money the NFL and the team owners are making from football, they can afford to finance their own stadium. I'm one paycheck away from financial ruin. Why should I pay for a stadium that I will never, ever use?
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