The Oakland City Council and Alameda County Supervisors will soon hold a public hearing and vote on a term sheet for a stadium proposal designed to keep the Raiders in Oakland, the City of Oakland announced on Friday afternoon.
These actions will occur on Dec. 13, as local authorities attempt to expedite a stadium plan that will prevent the Raiders from being approved to relocate to the Las Vegas market.
Oakland and Alameda County have paired with Fortress Investment Group to create a stadium funding plan that does not include taxpayer dollars. The public will contribute to infrastructure improvements, but stadium construction will come from private sources.