OAKLAND, Calif. – The long-delayed sale of the Oakland Coliseum cleared another hurdle after a unanimous vote from the Alameda County Board approved a term sheet for the sale on Tuesday, signaling a step forward.
The board has a 30-day negotiation period with the African American Sports and Entertainment Group (AASEG) to sell the county’s 50% stake in the Coliseum before finalizing the deal.
“Today’s vote is a critical step in showing the public that the Board of Supervisors is committed to closing the Coliseum deal,” Supervisor Nikki Fortunato Bas said.…