There was a Sunday deadline for Floyd Kephart and the New City development group to deliver a financing plan for building a new stadium for the Raiders next to their current home at the Coliseum.
According to Raiders owner Mark Davis, there’s a $400 million gap in financing that has to close for the possibility of a new stadium in Oakland to be “a doable deal.” The San Francisco Chronicle reports that the framework of the deal is expected to include a sale of the land to the Raiders at fair market value as well as $100-140 million from city and county coffers for infrastructure improvements.