https://www.youtube.com/watch?v=IcjtGRqAmVU
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Oakland Coliseum City Was Ahead Of Its Time But Not Done – Can AASEG Change That In Time?
The Oakland Coliseum City Development was originally just an idea for shops and restaurants next to the stadium and arena. Proposed by Frank Dobson, Robert Leste, and Steve Lowe, “Coliseum City” rose up through the informal process of political meetings before it became the darling of Oakland District Seven Councilmember Larry Reid’s eye in 2009. Then, a series of failed efforts by two developers working with the City of Oakland’s economic development department stalled the project.
Over that time, from 2009 to present day, Oakland lost the Golden State Warriors, Oakland Raiders, and Oakland Athletics. And not just the Coliseum City idea went not done, but the Howard Terminal Ballpark Development, too.
Now, a new organization called The African American Sports and Entertainment Group (AASEG) and its business arm The Oakland Acquisition Company is just a few transactions away from owning the Oakland Coliseum Complex, and with an eye toward building a modern version of Coliseum City. But now come revelations that the sports-themed community concept will be the “next big thing” in development trends. That means Oakland, once ahead of its time, wasted it mired in politics and incompetence. Can AASEG right the ship before demand goes away?
According to Front Office Sports, a new white paper commissioned by Klutch Sports Group and RBC points to the coming boom in mixed-use developments attached to new arena projects. New sports stadium and arena projects built with corresponding mixed-use development are projected to attract $100 billion in investment over the next 15 years, Can AASEG get Coliseum City developed within that time?
Let’s explore that question in this livestream.
Read: https://riseofsportsdistricts.com/klutch-white-paper.pdf
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