Oakland Mayor Reaches Agreement for New Stadium

Raiders

Despite all the talk of moving to Las Vegas, the mayor of Oakland announced this week that the city has reached a framework agreement for a new stadium, in hopes of keeping the Raiders in Oakland.

According to ESPN, Oakland has reached an agreement with the Ronnie Lott group.

Although this may be exciting for residents, the framework agreement does not include the Raiders, nor has owner Mark Davis agreed to stay. It would still need to be approved by the Board of Supervisors and the Oakland City Council before the groups could move forward.

In October, Davis told ESPN he plans to keep the Raiders in Oakland for, at least, the next two seasons at the current Oakland Coliseum... even if the team gets approval from the NFL to move to Las Vegas. At the time, he said: "We want to bring a Super Bowl championship back to the Bay Area."

The Raiders currently have a financing plan in place for a $1.9 billion stadium in Las Vegas, after the Nevada state legislature approved a tax plan in October to raise $750 million toward the project.

Stay tuned...