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When a loan is not a ‘loan’: city officials use wordplay to elide the truth about the Coliseum sale
Oakland lends its Coliseum buyer half the price — and the buyer plans to immediately flip the Arena for cash. We map the deal to the city's own…
Jul 21
•
Alex Montana
14
7
3
Oakland set to give Ray Bobbitt’s company public financing at below-market interest rate to buy the Coliseum
We compare the proposed loan to what commercial lenders charge — and estimate the below-market public financing is essentially a giveaway of roughly $45…
Jul 13
•
Alex Montana
8
19
3
The Bank of Oakland: City to loan $60 million to developer Ray Bobbitt’s company
Committee reviews plans to front the money for purchase of the Oakland Coliseum Complex. The County is also considering giving a loan.
Jul 9
•
Alex Montana
8
15
3
Union raises ‘endanger’ Oakland school finances as board set to approve $1.2 billion budget
Alameda County superintendent of schools warns that Oakland Unified can’t afford its new teacher contract unless it finds $30 million in cuts it has yet…
Jun 23
•
Sean S. Reinhart
11
4
1
Oakland city council pay raises: the charter reform provision no one is discussing
Oakland's charter reform could raise council pay up to 125%, pushing total compensation past $300,000 — yet the provision has been nearly absent from…
Jun 15
•
Alex Montana
11
13
3
'Our babies are drinking lead and we wonder why they’re fighting at First Friday'
Oakland city council argues over budget amendments and declares a "severe and unanticipated financial event" for the fourth year in a row, ten days…
Jun 13
•
Oakland Report
14
4
2
5:59
Oakland’s ‘unanticipated’ financial emergency set to enter its fourth year
City council intends to once again declare a ‘severe and unanticipated financial event’ — suspending multiple voter-approved mandates in order to divert…
Jun 12
•
Sean S. Reinhart
20
20
4
Oakland’s charter reform process: the questions it was built not to ask
Mayor Barbara Lee’s charter reform ‘working group’ was hand-picked to diagnose Oakland’s dysfunction. But the group was set up to rule out the reforms…
Jun 2
•
Alex Montana
13
6
3
Oakland city union warns of a strike if city council does not approve pay raises, other demands
"I stood in a photo with you before I knocked doors for Measure E on Saturday." IFTPE Local 21 union members remind council members who "worked really…
Jun 2
•
Oakland Report
16
21
1
2:15
‘Oakland deserves better’ — Alameda County approves Coliseum buyback term sheet
Developer Ray Bobbitt submitted last-minute changes to ‘carve out’ the Oakland Arena from liability for environmental issues at the Oakland Coliseum…
May 29
•
Sean S. Reinhart
5
7
1
Alameda County is back in the Oakland Coliseum business — set to buy back from A’s, sell to developer
Developer Ray Bobbitt has missed nearly every major payment to the City of Oakland. Now the county is stepping back in to help after selling its share…
May 28
•
Oakland Report
8
3
2
'We have a spending plan... that is a plan.' Mayor Barbara Lee, public unions hold a rally for Measure E
Today mayor Barbara Lee, council President Kevin Jenkins, and firefighters union boss Seth Olyer spoke at a rally with public employees to gin up…
May 19
•
Oakland Report
8
33
1
7:23
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