The Raiders want a new deal that includes a stadium in their next lease
The Raiders lease to stay in Oakland is up after the 2013/2014 NFL season leaving a short time for a possible deal to get done. Owner Mark Davis has stated he wants to remain in Oakland, but wants an agreement that would include a new stadium to be part of the new lease. And not just any new stadium, the Raiders are looking to have the NFL’s smallest stadium built that would seat only 56,500 fans, including 6,000 club seats.
What would the price be for such a small stadium? A cool $800 million. The Raiders said they would chip in $300 million towards the project with hopes that the NFL and public financing would cover the rest.
The Oakland Raiders want to build the NFL’s smallest stadium at their current home, but the team might not be able to cover even half the costs, city and Alameda County officials learned Monday.
A team-commissioned study found enough demand in Oakland for a 56,500-seat football stadium, including 6,000 club seats, that would cost roughly $800 million, said David Stone, whose firm, AECOM, is advising Oakland and Alameda County officials on stadium construction.
Time is not on the city of Oakland’s side either. There is a chance that the Raiders could move back to Los Angeles, even though owner Mark Davis has previously stated he does not intend to leave Oakland.
There is a growing urgency in Oakland to strike a deal with the Raiders to keep the team from returning to Los Angeles, where a 75,000-seat stadium has been proposed in the nearby City of Industry.