NEW: The city of Oakland strikes a historic deal with the African American Sports and Entertainment Group to revitalize the Coliseum complex.
Oakland city leaders on Thursday entered a historic agreement that could revitalize the Coliseum complex and possibly bring a new sports team to the East Bay's largest city.
As the Athletics entertain relocation prospects, many Oakland community members have been wondering what will happen to the Coliseum. Thursday's deal is the initial step toward the future. The Oakland-based AASEG was founded in 2020 with a mission to use sports and entertainment to create a path for enhanced economic equity for the black community. The group wants to transform the hundreds of acres of land surrounding the Coliseum site into a center for sports, entertainment and residential use.
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