# Coliseum Deal Shifts with New Terms | San Jose News

Page: https://stenobird.com/podcast/san-jose-news-today-2-min-news-the-daily-news-now-7463308/coliseum-deal-shifts-with-new-terms-san-jose-news
Text version: https://stenobird.com/podcast/san-jose-news-today-2-min-news-the-daily-news-now-7463308/coliseum-deal-shifts-with-new-terms-san-jose-news.md
Podcast: [San Jose News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/san-jose-news-today-2-min-news-the-daily-news-now-7463308)
Published: 2026-07-14T00:34:53+00:00
Episode link: https://sources.thednn.ai/d869f7a846ce4778
Audio file: https://api.fastcast.ai/audio/b721c866-0d69-4750-be24-09ad06b9d3c6.mp3
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Duration seconds: 116

## Resource

Oakland’s long-stalled Coliseum sale just got a major twist: the buyer, OAC, won’t pay upfront but will take an 8-year city loan with penalties for missed payments. They’re also eyeing a $100M flip to music mogul Irving Azoff’s group, who’ll fund arena upgrades and promise $40M in private cash. The city and Alameda County are both set to pocket $50M after the 2027 closing, plus OAC will pay 5% interest on payments and 6% of future ticket sales. City’s annual $6M operating costs vanish, and if OAC defaults, the city reclaims the property. Officials tout this as a taxpayer-neutral win that’ll pay down pension debt, create jobs, and revitalize the economy — though skeptics question OAC’s ability to pull it off without city backing. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/d869f7a846ce4778

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