The Oakland City Council has approved a resolution authorizing the city to negotiate with an investment group to build a new football stadium for the Oakland Raiders.
OAKLAND, Calif. (AP) — The Latest on a $1.3 billion stadium financing deal for the Oakland Raiders (all times local):
Alameda County supervisors authorized opening negotiations earlier Tuesday,Wholesale Authentic Jerseys.
The agreement to negotiate does not include the Raiders at this stage.
The former athletes are working with the Fortress Investment Group,Off White Nike Vapormax 2018.
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The vote gives the investment group anchored by Hall of Famer Ronnie Lott and former quarterback Rodney Peete the right to negotiate a formal agreement for a $1.3 billion stadium that includes $350 million in public money,Cheap MLB Jerseys China.
Team owner Mark Davis already has committed to moving the Raiders to Las Vegas, where a $1.9 billion stadium project has been approved.