OAKLAND -- The city's dream of remaining the home of at least one professional sports franchise continued Friday as the governing board overseeing the coliseum complex agreed to spend $1 million studying new stadium proposals.
Dubbed "Coliseum City," the proposal calls for a construction of an entertainment and sports district on the 1,000 acres of land where the O.co Coliseum and Oracle Arena now stand.
The project models itself after the vibrant L.A. Live development in downtown Los Angeles anchored by Staples Arena that houses three professional sports teams. The development also has several entertainment options including a theater, restaurants and bars.
Although the Oakland-Alameda County Coliseum complex currently houses three professional teams, only the Oakland Raiders appear willing to look at future options at the site.
The Oakland Athletics have ruled the city out as a future home and the Golden State Warriors are seeking to construct a new arena in San Francisco.
The Oakland Raiders have agreed to work with city and county leaders in seeking studies to determine if Coliseum City is feasible. The team said it will help fund part of the $1 million approved Friday for two studies.
The studies will include a site plan and development scenarios with a focus on the Raiders being the anchor tenant.