With the Raiders gazing at Las Vegas and sticking one foot out the door, Oakland is making a last-minute plea to hang onto them.
Oakland Mayor Libby Schaaf on Friday shared details of investors' plans for the first time for a stadium on the current Coliseum site, and vowed that she and the city are doing all they can to keep the team.
"We're not giving up in the fourth quarter," Schaaf said in a statement.
In a letter to the NFL, Schaaf shared new detailed renderings of what the $1.3 billion, 55,000-seat football-only stadium would look like, and assured the league that Oakland would expedite the environmental review and other bureaucratic moves that could bog down the project.
On the financial side, the New York hedge fund Fortress Management Group is willing to work on terms for a $600 million contribution similar to the one Bank of America is offering for the Las Vegas stadium, Schaaf's letter said. The group's involvement was previously reported by The Associated Press and others, but this is the first public airing of details of the hedge fund's role. NFL Hall of Famer Ronnie Lott is working with the group and among those seeking to keep the team in California.