Oakland Raiders Could Move To Torrance, Ca; Coliseum City, Stadium Project Doomed By Financing Problem




According to Zennie62.com, The Oakland Raiders may move back to the Los Angeles Basin, and to Torrance, CA, but only if a business man succeeds in his effort to buy the organization. This was told to me by a high-ranking source and the same person also explained that the expected financing for the Oakland Coliseum City project, a proposed 800-acre sports and entertainment complex, did not “come through.”



A key Oakland official was expected to present the exclusive negotiating agreement (ENA) document this week (a contract that is the guiding organ for talks between the City of Oakland and a developer) but the financing snag has delayed that. That ENA would be between JRDV Urban International, the project manager, and its organizational team: HKS Sports and Entertainment, a stadium developer, and Forest City Real Estate Services.



More at Zennie62.com: Oakland Raiders Move To Torrance, Ca? Coliseum City Financing Problem Dooms Stadium Project - http://www.zennie62blog.com/2013/06/29/oakland-raiders-move-to-torrance-ca-coliseum-city-financing-problem-dooms-stadium-project-60292/




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