Raiders' lease for Coliseum gets final approval

Oakland Raiders logo: MGN Online
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Thursday, March 21, 2019

OAKLAND, Calif. (AP) -- The Raiders have gotten final approval for their lease to remain in Oakland for at least one more season.

The Oakland City Council voted Thursday to approve the lease for 2019 with an option for 2020. The Alameda Board of Supervisors had voted earlier in the week in favor of the lease that had been formally approved by the Coliseum Authority last week.

The Raiders will pay $7.5 million in rent for the Coliseum and the
practice facility in Alameda in 2019 and have a $10.5 million option for 2020 in case their new $1.8 billion, 65,000-seat stadium in Las Vegas isn't ready by then.

Barring any unforeseen setbacks in Las Vegas, this likely will be the Raiders' final season in Oakland after moving back from Los Angeles in 1995. The Raiders began playing at the Coliseum in 1966 and were there through the 1981 season before going to Southern California.