Oakland Raiders Reportedly Interested in $800 Million, 50,000-Seat Stadium

July 16, 2013   ·     ·   Jump to comments

The Oakland Raiders have one of the oldest and most unsightly stadiums in the NFL today. However, the Silver and Black might be able to ditch the O.co Coliseum—opened way back in 1966—if they can garner enough support. 
According to Matthew Artz of the Oakland Tribune, the Raiders are interested in building a 50,000-seat stadium in Alameda County, which would cost an estimated $800 million. The stadium would reportedly be the smallest in the league if it comes to fruition.
Despite that, there are major concerns regarding the Raiders' ability to pay for it. According to Artz, the Raiders are willing to put up $300 million and also plan to borrow $200 million from the NFL as part of the league's stadium loan program. That leaves $300 million, which would have to come from taxpayers, but it remains to be seen if such a proposal would be accepted.
Councilman Larry Reid admitted that Oakland sports could be in dire straits if a deal doesn't get...

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