Posted July 15, 2013

Report: Raiders want $800 million, 50,000-seat stadium in Oakland

NFL
Raiders owner Mark Davis says that the team prefers to remain in Oakland. (Rob Carr/Getty Images)

Raiders owner Mark Davis says that the team prefers to remain in Oakland. (Rob Carr/Getty Images)

The Oakland Raiders want to build a 50,000-seat stadium after commissioning a study and determining that capacity fits their needs, The Oakland Tribune reported on Monday.

But there’s a catch: The Raiders say they won’t be able to cover even half of the projected $800 million cost, leaving a shortfall of about $300 million that could fall on taxpayers. The Raiders would kick in $300 million, while the NFL’s stadium-loan program would provide $200 million, according to the Tribune.

“Both sides are conducting studies to determine the demand and financial viability of the project,” Mike Taylor, the team’s director of public affairs, told the Tribune in a statement.

The Raiders’ current lease with the O.co Coliseum expires after the 2013 season. Owner Mark Davis has said he prefers to keep the team in Oakland. But there have been talks with other developers — particularly, with the potential of a 75,000 stadium in nearby Los Angeles.

“We’ve done plenty of talking in the past, and we still don’t have a long-term solution,” Davis told the San Jose Mercury News in June. “Oakland still is in the driver’s seat. We want to stay. We don’t want another short-term lease extension. We want something that will work for us, for the city and for the NFL.

“But if we can’t get something done, I’ve got to do what’s best for the team. For the last 10 years, we’ve been deficit-spending. But we signed the agreements, so it’s nobody’s fault but our own.”


29 comments
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C-TownC
C-TownC

What a joke of a capacity for a NFL franchise in a new facility; it would be the smallest capacity by about 13,000 and would lose about that many seats from O.co (including "expanded" seating). The kid is pushing hard for the LA market and wants the keys to a free palace...and not have to drop one dime on a joint that will make FirstEnergy Stadium in Cleveland appear to be Cowboys Stadium.

raiderhater
raiderhater

Now they're proposing building a minor leauge football stadium to house a minor leauge football team.

Lotsa luck... 

The city of Oakland is broke and after what Al Davis did to them and with still paying off Mt Davis to tune of $20mill a year they're not going to contribute. 

The NFL isn't going to kick anything on a loan. They made it clear they wanted the Raiders to share a stadium with the Niners. 
Raiders ignore what the league wants, the league ignores what the Raiders want. 
And their fans scream conspiracy 

The Davis family isn't rich. The Raiders are their only big asset. 
There's no billionaire waiting in the wings with a checkbook. Not in Oakland anyway. 
There's no corporate sponsorship coming from the east bay. 

And the Raider fans, who can't even fill a stadium, can you imagine asking them to pony up $80k for PSLs for the best seats. 
The TV blackout thing really doesn't hurt the revenue stream as much as selling only 50000 tickets. 
No, the only way they stay in the bay area is if they go in as subtennants in the Santa Clara. 
And how are you going to feel having to sit on red seats and walk past the 49ers hall of fame every other week?

CardinalRule6
CardinalRule6

Where are they going to find the 50k fans to fill it?

jojomogir
jojomogir

Yes, moving to LA makes a ton of sense, given that it worked out so well the last time they did that.

JamesMartin
JamesMartin

Hellllllo   San Antonio Raiders !!!!

NormanR
NormanR

"Nearby Los Angeles," you say?  Nearby?  The distance from Oakland to Los Angeles is 372 miles.  If the Patriots relocated from Boston ... not to Providence ... not to Bridgeport ... not to New York City or East Rutherford ... but to Philadelphia, would you say Philly was "nearby" Boston?  That distance is less than the distance from Oakland to LA!

doublejtrain68
doublejtrain68

Hey, if L.A. builds that Farmer's Field they've been talking about next to the Staples Center, I would go for it. If the city of Oakland has no interest in helping finance the stadium, they should go somewhere that will. L.A. is Raider territory anyway, and it would be a great fit. Farmer's Field could host Super Bowls, Final Fours, political conventions, college bowl games, Wrestlemania and big-time concerts. 

Matthew W
Matthew W

If the owners of a billion dollar sports franchise want a new stadium, then they're going to have to take out a loan to pay for it. Stop counting on Joe Taxpayer footing the bill for your Taj Mahals.

frangooch32
frangooch32

Who cares what the Raiders do? They are not relevant.

WilyCoyoteSuperGenius
WilyCoyoteSuperGenius

Utter nonsense. This is all a preamble to moving the team - starting with the trash about the region only supporting a 50K seat stadium.

Not another dime of taxpayer money to PROFESSIONAL sports teams.

RandallAllen
RandallAllen

I thought the NFL required teams to play in stadiums with a minimum capacity of 65,000.  If that's not the case, the Vikings could have kept playing at the Met and simply renovated it every ten years or so.  If I'm wrong about minimum capacity, someone enlighten me...

stagger
stagger

The NFL and the individual teams need to cover any new stadiums, unless it is going to be used as a multipurpose facility by the state/county in which it resides. Demanding tax payers to foot a portion of the bill and then turn around and charge an obscene amount to those same tax payers to buy tickets, concessions, etc. is ridiculous. What I think they're failing to realize is, the stadium gameday experience is already falling behind TV/Multimedia as the preferred way to watch a game now anyway. I quit going years ago. Not just because of the ever growing prices, but because now I can BBQ, turn on the big flat screens, drink beer without paying $8 each, and see more of the actual gameplay than I could in the stadium. And when it's over, no traffic!

Richard A
Richard A

The Raiders are going to Los Angeles. Oakland can't afford to help them build a new stadium. The area can no longer support any major league teams, the Warriors are gone, the A's are going, the Raiders are next. Davis is giving the city one last chance to keep the team in Oakland. A 50,000 seat stadium is too small for the NFL. In LA they can host Super Bowls in a brand new stadium. The Raiders are already SoCALs team, like it or not.

BrandonZumwalt2
BrandonZumwalt2

The Oakland taxpayers should offer the Raiders $10 million for every win this year.  That should get them about $30 million dollars towards the new stadium.

nathan l
nathan l

 "The Raiders say they won’t be able to cover even half of the projected $800 million cost, leaving a shortfall of about $300 million that could fall on taxpayers."

Wow. The NFL makes $9 billion annually, yet the Lucky Sperm Club owners of that Idiot Proof League are always crying poormouth and looking for taxpayer handouts when it comes time to build new stadiums. LAME, LAME, LAME!!!

AceSlater
AceSlater

Time to come back home to Los Angeles and yes we do want u in LA, We ve been waiting! The tie is now! New era! and thats Los angeles baby!

DavidMalcolmCarson
DavidMalcolmCarson

You can forget about them coming to LA -- they're not wanted here.

gooniegoogoo4
gooniegoogoo4

A team is moving to LA.........and its going to be either the RAIDERS, JAGS, CHARGERS or RAMS.....all 4 of those teams are able to leave their cities now

John4
John4

A few issues.  Los Angeles is NOT nearby to Oakland as the article states.  And why go to LA?  LA is not a football town.   Now, a 50,000 seat stadium?  Huh?  Are the Raiders trying to lose money?  You need at least 20K more seats AND luxury boxes in order for an NFL team to be competitive financially.  Mark Davis does not seem to be the sharpest knife in the set.  He actually comes across as clueless.  Now the borrow $300 Million from the NFL?  That I like.  The $300 Million the Raiders do have.  ONLY in the NFL can you seriously try to buy something that costs $800 Million when you have $300 Million.  This looks like another farce, and like something that will not happen.  Why would it?  Do they REALLY think California taxpayers would accept the burden of paying $300 Million so a richy rich second generation owner can get a new stadium at such a high cost to taxpayers?  Why in the world would they think that?  

The best scenario:  Have the 49ers and Raiders share a stadium.  That is a LOT more feasible than this foolish plan.  The Raiders pay $300 Million, the 49ers pay $300 Million both teams borrow from that "NFL Stadium loan program" and the taxpayers do not get stuck with such an expensive burden.  

Fifilo
Fifilo

Or else they will let the franchise decay into a less than mediocre punchline.

Mel
Mel

Let em go to L.A....they will be back in a decade anyway. Apparently Mark Davis didn't learn from daddy's mistake...

Saqalicious
Saqalicious

@John4 According to reports, the Niners, whose new stadium in Santa Clara is opening after this season, allegedly offered the Raiders a chance to share the stadium, but Al Davis turned it down. So Mark Davis is right about one thing - it's nobody's fault but their own.

John4
John4

@Nonfantasylandman @John4 Someone has to "have accounting" down quite well.  What was/is the Raiders solution?  Have $300 Million, try to buy something for $800 Million, have the taxpayers pay too much (as usual), and then pretend a 50,000 seat stadium is what they need.  Are the Raiders trying to lose money while costing taxpayers an indefensible amount?  It appears as if that's their plan.