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Record of Proceedings

Alameda County Board of Supervisors Meeting on Coliseum Sale – May 29, 2026

Board of Supervisors — Friday, May 29, 2026
BodyAlameda County, California
SessionBoard of Supervisors
DateFriday, May 29, 2026
StatusFILED
Video Record
0:00 / 1:31:23
Transcript — Verbatim
0:01

Good morning, everyone.

0:02

I'd like to call our 10 o'clock meeting to order.

0:06

I'd like to ask the clerk to call the roll to establish our quorum.

0:10

Supervisor Marquez.

0:12

Present.

0:12

Supervisor TAM excused.

0:14

Supervisor Miley excused.

0:16

Supervisor Fortunato Boss.

0:17

Present.

0:18

President Hubert.

0:19

Present.

0:19

We have a quorum.

0:21

Very good.

0:21

I note that two of us are still yet to arrive.

0:27

That's okay.

0:28

They will be here shortly.

0:30

I am told.

0:32

I will begin the meeting by mentioning the first item before us is public comment on closed session items.

0:42

We will then recess into closed session and return as promptly as we can for the open session items.

0:50

We will have public comment on the open session item at that time.

0:55

That said, is there anybody online or in the room who would like to make comment on closed session items?

1:07

We have no one on closed session items.

1:10

Nobody online, nobody in the room for closed session items.

1:14

With that said, we will recess into closed session again to return as promptly as we can for open session and public comment available at that time.

1:24

We're in recess.

1:53

Present how we have a quorum.

1:55

County council, anything to report out from closed session.

1:58

Uh no, Mr.

1:59

President.

1:59

There was no reportable action taken in closed session.

2:02

Very good.

2:02

We'll take up our matter before us today.

2:06

The discussion of the Coliseum sale.

2:11

Is there a brief staff report?

2:14

Just to clarify for the community.

2:19

We're going to have a report from staff.

2:22

Questions and answers from the board.

2:26

Public comment and deliberation.

2:31

So staff report, please.

2:33

Thank you, Mr.

2:34

President.

2:35

The item item, the only action item on your agenda for today is item one is a request for approval of a non-binding term sheet setting forth terms for renegotiation of the conditional consent to assignment of the disposition agreement among the county of Alameda Coliseum Weight Partners LLC and Oakland Acquisition Company LLC, known as OAC, and the second amendment to the disposition agreement with OAC for the sale of the county's half undivided interest in the Oakland Alameda County Coliseum Complex.

3:07

We have a brief uh slide presentation.

3:09

The clerk of the board's going to post that up.

3:11

There are copies in the back of the room, and you should each have a copy of the presentation at your at your desk at your omedias.

3:19

So basically, going to address the terms for the disposal of the interest.

3:29

As you well know, December 23rd, 2019, the county entered into the disposition agreement with Coliseum Way Partners to convey your interest in the property.

3:51

Title to the your interest would transfer 30 days after the purchase price was paid in full, and all bond debt encumbering the property was satisfied.

4:00

The final bond debt for the stadium was paid in February of 25, and the final bond debt for the arena was paid earlier this year, February 1, 26.

4:10

Coliseum Way Partners has paid the full purchase price, and they have paid the subsidy through the end of last fiscal year.

4:17

They have a continuing obligation to pay on an annual basis.

4:24

In July of last year, 2025, your board approved a conditional consent to the assignment of the disposition agreement from Coliseum Way Partners to the Oakland acquisition Company.

4:35

Um there's a typo there, my apologies.

4:41

Little late night work.

4:43

And to OEC, and there, and then we also approved a second amendment to the disposition agreement between the county and OEC would not be effective until the assignment between Coliseum Way partners to OAC occurred.

4:56

That agreement required OAC to reimburse CWP for the purchase price that the Coliseum Way partners had paid to the county in exchange for the assignment of the disposition of the agreement.

5:09

Because there were revisions to the various agreements, it's not a full stepping into the shoes, but it that is generally what folks identify an assignment as in addition to the payment of CWP for them to step out of the way, there was a requirement that OAC negotiate an agreement with the petitioners or plaintiffs in what's referred to as the Goolsby Action, which is currently pending litigation challenging your board's ability to in fact sell to CWP based on surplus lands act and other requirements.

5:44

That continues to be a requirement of the deal, and that is the dismissal with prejudice of the litigation and a full release of the county and CWP for all claims asserted by CBE, the petitioners.

6:00

So the second amendment from July of last year also contained a commitments from OAC to do certain things, including maintaining a net worth of 30 million dollars for two years beyond the current conveyance as security for obligations that they have made to your board in those documents.

6:19

Again, agreeing to release and discharge the county from claims related to preexisting conditions at the complex and agreeing to delete certain hazardous material representations and warranties and indemnification obligations that are in the current disposition agreement.

Discussion Breakdown — Share of Meeting
Economic Development█████████████████████████████████████████████82%
Land Use Planning███6%
Procedural██4%
Environmental Protection██3%
Pending Litigation█2%
Fiscal Sustainability█2%
Community Engagement█1%
Summary of Proceedings

Alameda County Board of Supervisors Meeting on Coliseum Sale – May 29, 2026

The Board of Supervisors convened on May 29, 2026, at 10:00 a.m. to discuss and vote on a non-binding term sheet for the renegotiation of the sale of the county's half interest in the Oakland–Alameda County Coliseum Complex. The meeting included a recess into closed session, a staff presentation, public comment from 21 speakers, board deliberation, and a final vote.

Consent Calendar

  • No consent calendar items were on the agenda.

Public Comments & Testimony

  • Lindsay Barons (President, Oakland Roots and Soul) expressed full support, citing potential for jobs, sports, and economic opportunity.
  • Reneel Bukan (hotel owner) supported the project, noting the need for more events to sustain local businesses.
  • Keith Brown (Alameda Labor Council) urged finalization to bring good union jobs and called for retaining workers and honoring collective bargaining agreements.
  • JP Anthony (Local Three Painters and Drywall Finishers Union) expressed support, emphasizing community pride and job creation.
  • Harry Konstantopolis (Local 107, theatrical stage employees) supported the sale, highlighting the arena's global recognition.
  • Nizel Jones spoke about lost business opportunities, urging passage to signal revitalization.
  • Lynn Turner supported the deal but stressed the importance of a fair environmental liability split.
  • Sean Paul (National Association of Minority Contractors) strongly supported, but also called for a fair environmental responsibility split to avoid delays.
  • Dexter Visitant (former board liaison) expressed gratitude and support.
  • Jason Lindsay (Iron Workers Local 378) voiced strong support.
  • Fatima A (Women's Premier Basketball Association) strongly supported the sale for economic and generational impact.
  • David Newton (Longshoreman, JPA commissioner) supported, emphasizing union jobs and local hiring.
  • Gideon Price (firefighter) supported the project for revitalizing the Hegenberger Corridor.
  • Kiana Canada (Youth Uprising) supported, speaking on behalf of Deep East Oakland youth.
  • Mary Tony Jones (business owner) asked for clear assignment of environmental obligations.
  • John Jones III urged a yes vote, calling the project a source of hope for East Oakland.
  • Keote Atkins (Youth Uprising) supported, recognizing the importance of stewardship and timely action.
  • Ray Bobbitt (founder of AASEG/OAC) apologized for frustration at the previous meeting, thanked the board, and urged approval.
  • Ken Houston (Oakland City Council member) supported the project but stressed it must be in the best interest of city and county.
  • Henry Gardage praised Ray Bobbitt and recommended a wise decision.
  • Final speaker (unidentified) reiterated that delay on the carve-out would impact their project.

Discussion Items

  • Staff Presentation: County counsel presented the non-binding term sheet, which includes:
    • County pays Coliseum Way Partners (CWP) $115 million to extinguish CWP's interest.
    • Oakland Acquisition Company (OAC) pays county $115 million in three installments with 5% compound interest starting one year after planned development approvals (or by June 2031).
    • County receives at least $50 million (or half of net proceeds) from sale of the arena parcel to a third-party buyer.
    • Arena buyer assumes arena operations and existing contracts on commercial close (anticipated June 30, 2026).
    • Joint Powers Authority (JPA) continues operating the remaining complex; OAC may assume operations under a management agreement.
    • Environmental liability: provisions shift county obligations to OAC, except OAC requested a carve-out for the arena parcel.
  • Board Questions:
    • Supervisor Miley clarified environmental liability: under current deal with CWP, county remains on hook; term sheet improves position but not perfect. OAC requested a carve-out for the arena parcel, which is not in the posted term sheet.
    • Supervisor Marquez asked about payment history: CWP paid $85 million purchase price plus $11.64 million in net subsidy payments (total $96.64 million). The new deal includes 5% interest, improving on the original zero-interest deal.
    • Supervisor Fortunato Bass raised concerns about workers: agreements should retain staff and honor collective bargaining agreements.
    • Supervisor Marquez asked about due diligence: county has not done environmental due diligence; CWP conducted phase one and two studies.
    • Discussion of Goolsby litigation: dismissal with prejudice and release are prerequisites to closing.
    • Supervisor Miley noted the non-binding nature allows further negotiations, particularly on environmental issues.
  • Deliberation:
    • Supervisor Marquez made a motion to adopt the term sheet as posted (without the OAC-requested arena environmental carve-out). The motion was seconded.
    • Supervisor Miley strongly supported the motion, stating it is fiscally prudent and keeps the county in a strong negotiating position. He highlighted the long history of the Coliseum and the need to avoid repeating past failures.
    • Supervisor Fortunato Bass expressed cautious support, balancing economic opportunity with the county's fiduciary duty and the need to protect safety net services amid a $91 million budget deficit.
    • Supervisor Tam concurred with previous speakers.

Key Outcomes

  • Vote: 5–0 in favor of adopting the non-binding term sheet as posted (excluding OAC's requested arena environmental carve-out).
  • Next Steps: County negotiating team, with Supervisor Miley as observer, will continue working with OAC to finalize a binding agreement by the June 30, 2026 commercial close. Environmental liability and the arena buyer's role remain topics for future negotiation.

Meeting Transcript

Good morning, everyone. I'd like to call our 10 o'clock meeting to order. I'd like to ask the clerk to call the roll to establish our quorum. Supervisor Marquez. Present. Supervisor TAM excused. Supervisor Miley excused. Supervisor Fortunato Boss. Present. President Hubert. Present. We have a quorum. Very good. I note that two of us are still yet to arrive. That's okay. They will be here shortly. I am told. I will begin the meeting by mentioning the first item before us is public comment on closed session items. We will then recess into closed session and return as promptly as we can for the open session items. We will have public comment on the open session item at that time. That said, is there anybody online or in the room who would like to make comment on closed session items? We have no one on closed session items. Nobody online, nobody in the room for closed session items. With that said, we will recess into closed session again to return as promptly as we can for open session and public comment available at that time. We're in recess. Present how we have a quorum. County council, anything to report out from closed session. Uh no, Mr. President. There was no reportable action taken in closed session. Very good. We'll take up our matter before us today. The discussion of the Coliseum sale. Is there a brief staff report? Just to clarify for the community. We're going to have a report from staff. Questions and answers from the board. Public comment and deliberation. So staff report, please. Thank you, Mr. President. The item item, the only action item on your agenda for today is item one is a request for approval of a non-binding term sheet setting forth terms for renegotiation of the conditional consent to assignment of the disposition agreement among the county of Alameda Coliseum Weight Partners LLC and Oakland Acquisition Company LLC, known as OAC, and the second amendment to the disposition agreement with OAC for the sale of the county's half undivided interest in the Oakland Alameda County Coliseum Complex. We have a brief uh slide presentation. The clerk of the board's going to post that up. There are copies in the back of the room, and you should each have a copy of the presentation at your at your desk at your omedias. So basically, going to address the terms for the disposal of the interest. As you well know, December 23rd, 2019, the county entered into the disposition agreement with Coliseum Way Partners to convey your interest in the property. Title to the your interest would transfer 30 days after the purchase price was paid in full, and all bond debt encumbering the property was satisfied. The final bond debt for the stadium was paid in February of 25, and the final bond debt for the arena was paid earlier this year, February 1, 26. Coliseum Way Partners has paid the full purchase price, and they have paid the subsidy through the end of last fiscal year.

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