Posts Tagged ‘Oakland’

More than four months after the Golden State Warriors celebrated their 2017 NBA championship, the organization has finally paid the city of Oakland for its massive parade, fulfilling owner Joe Lacob’s promise.

A check for $786,988.11 was deposited into the city’s treasury department Tuesday, city spokeswoman Karen Boyd informed The Mercury News’ Matthias Gafni.

The cost was originally set at approximately $816,000, but the city later reduced the fee to reflect certain equipment charges.

Though it was initially estimated that the parade would cost $300,000, the city said costs soared due to the need for heavier security following terrorist attacks, as well as because of the increased attendance.

The city also wanted an extra $244,000 for the 2015 parade, the cost of which the Warriors had agreed to split down the middle. Oakland eventually removed the charge, attributing it to a “misunderstanding.”

“The parade was a safe and joyous community occasion for generations of Oaklanders, and the city appreciates the Warriors’ financial investment – few professional franchises can boast such a commitment to their home city,” the city said in an official statement in September.



During the Golden State Warriors’ 2017 championship parade, owner Joe Lacob addressed the crowd and informed them that the cost of the festivities would be covered by the organization as a gift to the city of Oakland.

It’s been nearly three months since the parade took place, and the Warriors reportedly haven’t paid a dime toward its cost, according to The Mercury News’ Matthias Gafni.

The final fee came in at roughly $816,000, according to the city, while the $244,000 bill for the 2015 festivities has also not been covered. The city is asking the Warriors organization to pick that up as well, per an invoice obtained by The East Bay Times.

The city sent a bill of $1 million to the Warriors on July 19 – to cover both the 2015 and 2017 festivities – and the due date for payment passed on Aug. 18 with no money being moved.

“We are in ongoing conversation with the Warriors; they have questions about some of these charges which we are in the process of answering,” city spokeswoman Karen Boyd said in an email. “The Warriors have given us no reason to doubt they will honor their commitments.”

“There’s been no determination of what a final bill is,” Warriors spokesman Raymond Riddler said.

A day after the most recent parade, Riddler said the team was set to pay $4 million to cover costs. Riddler said this week that those costs were mostly for elements that didn’t involve the government.


Marshawn Lynch is embarking on a new endeavor as a restaurant owner this summer.

The Raiders running back will be taking over Scend’s Restaurant and Bar, an Oakland-area soul restaurant that’s been around since 1967, following the retirement of longtime owner Cassie Nickelson in August.

“I’m comfortable with him and I like him,” Nickelson, 80, told KTVU.

The two also go way back.

“When he was 9-years-old, he came across the street to get a hamburger and French fries,” she recalled. “Twenty-five-cent French fries and a 75-cent hamburger.”


OAKLAND, Calif. – The Golden State Warriors, Oakland Athletics, and Oakland Raiders have presented a $750,000 check to aid victims and relief efforts from the deadly warehouse fire last month in Oakland.

For the presentation after the first quarter of Thursday night’s Pistons-Warriors game, Golden State President and COO Rick Welts was joined by A’s manager Bob Melvin, Raiders general manager Reggie McKenzie, Oakland Mayor Libby Schaaf and Trevor Riggen, regional CEO of the American Red Cross.

The City of Oakland and Red Cross accepted the funds, all of which will go directly to aid and relief efforts.

On Dec. 2, 36 people died in the ”Ghost Ship” warehouse fire.

Warriors players and coaches quickly pledged $75,000, while the three pro franchises in the East Bay teamed up to commit matching donations up to $50,000 – and more than 3,600 individuals had contributed to the fund as of Thursday, according to the Warriors.


OAKLAND, Calif. – Oakland and Alameda County leaders will vote Tuesday on a financial and development plan to build a $1.3-billion football stadium at the Coliseum site to keep the Raiders from moving to Las Vegas.

Mayor Libby Schaaf and other local leaders on Friday presented details of the plan reached with the Ronnie Lott Group and Fortress Investment Group that includes public money only being used for infrastructure upgrades.

”This term sheet agreement puts Oakland in the running to keep the Raiders in a way that is responsible to the team, the league, the fans, and the taxpayers,” Schaaf said. ”Everything the city, and county, and the investor team is doing is about putting forward the best offer to encourage the Raiders ownership and the NFL to keep the Raiders in Oakland, where the team belongs.”

The Raiders had no comment on the plan and owner Mark Davis is committed to moving to Las Vegas, where a $1.9-billion stadium project has been approved. Nevada will raise $750 million from a hotel tax to fund the stadium with billionaire casino mogul Sheldon Adelson contributing $650 million and the Raiders and NFL kicking in $500 million.

The Raiders must get approval from 24 of the 32 NFL owners before being allowed to move with a vote possible as soon as January.

That put pressure on Bay Area officials to put together an alternative plan to keep the Raiders from moving. The parties have identified $1.25 billion in potential financing for a project that may cost upward of $1.3 billion for a stadium that would open in 2021.

The city will invest $200 million on infrastructure in the area as well as provide land worth $150 million. The Lott Group will contribute $400 million to the project with the NFL and the Raiders contributing $500 million. The NFL has already pledged $300 million to a stadium in Oakland when it prevented the Raiders from moving to Los Angeles earlier this year.

The city and county still must figure out how to deal with the nearly $100 million in debt on the current stadium before finalizing the deal.

Under the deal, the city and county will convey approximately 105 acres to Lott Group/Fortress for a football stadium with about 55,000 seats that will be built along with mixed-use development for possible office or retail space, hotels, residential housing, and parking.

There will also be 15 acres reserved for a new baseball stadium for the Athletics if they choose to stay at their current site. If the A’s decide to move to a different location that land will be added to the mixed-use development. Also, the 10 acres occupied by Oracle Arena could be added to the development if the Warriors move to San Francisco and the city and county decide not to keep using the arena.

”This is the best plan the city and county have ever achieved in attempting to keep the Raiders in Oakland,” councilmember Larry Reid said. ”We are offering control of the land, a respected investment team, and no risk to taxpayers in putting this deal together. This shows the public, the Raiders ownership, and the NFL that there is a viable plan to remain in Oakland.”

Hall of Famer Ronnie Lott has teamed with former NFL player Rodney Peete to head the Oakland Pro Football LLC, which is working with global investment manager Fortress Investment Group LLC on the project.

”This is about what it means to be from Oakland, and the values we share as a region,” Lott said. ”If we put those things forward, we believe we have a fighting opportunity to keep the Raiders here and join in revitalizing the community around the Coliseum.”


LAS VEGAS — A plan to build an NFL stadium that could attract the Raiders to Las Vegas hit another milestone on Wednesday, with Gov. Brian Sandoval signaling support for the project and saying he intends to call Nevada lawmakers into a special session early next month to consider a public financing plan.

The Republican governor said he spoke with Oakland Raiders owner Mark Davis this week and thought Davis was ”committed and resolute in the team’s interest in relocating to our state.”

Sandoval said the stadium, along with a convention center and police force expansion that were also recommended to him, were an opportunity to invest in Nevada’s foundational industry of tourism.

”We can and must usher in a new era for tourism in the Las Vegas market, while keeping our citizens and visitors safe, and ensuring our position as the global leader in entertainment and hospitality,” he said in a statement.

The Southern Nevada Tourism Infrastructure Committee last week recommended raising hotel taxes in the Las Vegas area to help put $750 million toward a 65,000-seat stadium. Las Vegas Sands casino magnate Sheldon Adelson plans to put $650 million toward the venue, which is projected to cost nearly $2 billion.

Three-quarters of NFL owners would need to approve any team relocation, and they could do so when they meet in January. Officials in Oakland, and NFL Commissioner Roger Goodell, said they’re hopeful the team can stay in the Bay Area.

”You never want to see a community lose their franchise once, much less twice,” Goodell said Sunday. ”I think we can do it in Oakland. I think there’s a solution there, but it takes the community to help identify it.”

Meanwhile, county commissions in the Reno and Las Vegas areas plan to meet next week to fill five vacancies in the Nevada Legislature. Raising hotel taxes would require two-thirds support among the 63 state lawmakers.

Sandoval said he wants to allow time for newly appointed lawmakers to review the proposal, then he plans to begin a special session no earlier than Oct. 7 and no later than Oct. 13, depending on his conversations with legislative leadership.

Ronnie Lott

Hall of Fame defensive back Ronnie Lott is among a group of investors attempting to keep the Oakland Raiders from moving to Las Vegas.

Lott, leading a team of financiers that also includes former NFL quarterback Rodney Peete, is hoping to get a deal done for a new stadium that would replace Oakland Coliseum and keep the Raiders in the Bay Area.

The move would have to fit the approval of owner Mark Davis, who has shown interest in moving his franchise to Vegas, where the city could be willing to help fund a new stadium project.

Oakland’s mayor Libby Schaaf is cautiously optimistic about the investment group.

“I think it would be great to have them involved,” Schaaf told Matthew Artz and Jerry McDonald of the San Jose Mercury News. “…but I’ve got to be very respectful of what I’ve heard very clearly from the NFL, that this needs to be a team-centric development.”

Schaaf is sticking to her guns when it comes to keeping the Raiders in Oakland, refusing to use public funds to finance a new stadium. It seems the investment group would only purchase a piece of the stadium, meaning the rest of the funding would have to come from other outside investors or Davis himself.