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Oakland Raiders Owner Mark Davis Doesn’t Have $500 Million For Las Vegas NFL Stadium

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On Monday, October 17th, Oakland Raiders Owner Mark Davis will stand with Nevada Governor Brian Sandoval, perhaps Las Vegas Sands CEO Sheldon Adelson, and other local elected officials (The Mayor of Las Vegas Carolyn Goodman has not put out an official statement about the Nevada Legislature signing the bill that would presumably provide the $750 million bond subsidy for an NFL Stadium), the media will write that ‘the Raiders are putting $500 million into the deal’.Watch. Well, the Raiders don’t have $500 million – or even $400 milion – to put into any deal in Las Vegas.

 

 

In 2014, at the NFL Owners Spring League Meeting held in Atlanta, and in Buckhead, Oakland Raiders Owners Mark Davis and I started talking about a stadium in Oakland.

 

 

 

It was my first lengthly conversation about anything with Mr. Davis, and so I was excited to have the chance, even after Oakland Raiders Team President Marc Badain was unusually defensive about me doing so, until I reminded him that as a fellow Oaklander with a long history that almost brought them the Super Bowl, we’re all like family. Badain then relaxed and we all had a cool talk.

 

 

 

I assumed Mark Davis knew the architect of the original Raiders Bond Deal that upgraded the Coliseum and even provided for a new headquarters for the team in Alameda, California, Oakland Assistant City Manager Ezra Rapport.

 

 

 

“No, I don’t know who that is,” Davis said. In fact, as we progressed in our conversation, I realized Mark didn’t know anything about the history of the Raiders with respect to relocation or the Oakland stadium situation at the time. But when it came to present day matters, Davis shifted his attitude gears and said “I know I have $400 million for a stadium in Oakland.”

 

 

 

After we finished our talk, I went over to the press conference room and made this video blog to report the news (beating the NFL Network in the process):

And then broke down what the $400 million would consist of:

 

 

  • $200 million in the total amount in amortized stadium revenue from club seats and luxury suites he is willing to part with over a period of years – generally about 15 years to 30 years.
  • $200 million in NFL G3 (now G4) loan money.

 

 

Oakland Raiders Mark Davis Doesn't Have $500 Million For Las Vegas Stadium

Oakland Raiders Mark Davis Doesn’t Have $500 Million For Las Vegas Stadium

So that, obviously is not money that comes from the Raiders own revenue reserves, and not those of, say, Michaan’s Auctions in Alameda. What’s interesting is, the very next year, that amount jumped from $400 million to $500 million. It wasn’t due to anything other than Mark Davis deciding he was going to add an extra $100 million into the number spiel he was reciting to the media.

 

 

 

So, it was $500 million for San Antonio. And then it was $500 million for Carson. And now it’s $500 million for Las Vegas.

 

 

 

In point of fact, what the Raiders have is nothing, and especially in the Las Vegas case. Zero. And this is so not only because they don’t have a stadium under construction, but they don’t have one even approved. And in the Las Vegas case, the NFL Constitution (and this is noted in several areas of the document) specifically prohibits use of the loan for a project that “involve(s) any relocation of or change in an affected club’s ‘home territory.”

 

 

 

The Raiders “home territory” is Oakland, so from the perspective of the NFL Constitution, Davis can’t even correctly and officially say that the G4 loan money is available to him for the purpose of any Las Vegas Stadium Projects – but it’s certainly there if he works to build a stadium in Oakland.

 

 

 

 

But in either case, Mark Davis doesn’t have the money – he’s (to use an expression appropriate for Las Vegas) betting on the come.

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Activism

Oakland Post: Week of April 17 – 23, 2024

The printed Weekly Edition of the Oakland Post: Week of April 17 – 23, 2024

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Activism

Oakland Schools Honor Fred Korematsu Day of Civil Liberties

Every Jan. 30, OUSD commemorates the legacy of Fred Korematsu, an Oakland native, a Castlemont High School graduate, and a national symbol of resistance, resilience, and justice. His defiant stand against racial injustice and his unwavering commitment to civil rights continue to inspire the local community and the nation. Tuesday was “Fred Korematsu Day of Civil Liberties and the Constitution” in the state of California and a growing number of states across the country.

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Fred Korematsu. Courtesy of OUSD.
Fred Korematsu. Courtesy of OUSD.

By Post Staff

Every Jan. 30, OUSD commemorates the legacy of Fred Korematsu, an Oakland native, a Castlemont High School graduate, and a national symbol of resistance, resilience, and justice.

His defiant stand against racial injustice and his unwavering commitment to civil rights continue to inspire the local community and the nation. Tuesday was “Fred Korematsu Day of Civil Liberties and the Constitution” in the state of California and a growing number of states across the country.
One OUSD school is named in his honor: Fred T. Korematsu Discovery Academy (KDA) elementary in East Oakland.

Several years ago, founding KDA Principal Charles Wilson, in a video interview with anti-hate organization “Not In Our Town,” said, “We chose the name Fred Korematsu because we really felt like the attributes that he showed in his work are things that the children need to learn … that common people can stand up and make differences in a large number of people’s lives.”

Fred Korematsu was born in Oakland on Jan. 30, 1919. His parents ran a floral nursery business, and his upbringing in Oakland shaped his worldview. His belief in the importance of standing up for your rights and the rights of others, regardless of race or background, was the foundation for his activism against racial prejudice and for the rights of Japanese Americans during World War II.

At the start of the war, Korematsu was turned away from enlisting in the National Guard and the Coast Guard because of his race. He trained as a welder, working at the docks in Oakland, but was fired after the bombing of Pearl Harbor in 1941. Fear and prejudice led to federal Executive Order 9066, which forced more than 120,000 Japanese Americans out of their homes and neighborhoods and into remote internment camps.

The 23-year-old Korematsu resisted the order. He underwent cosmetic surgery and assumed a false identity, choosing freedom over unjust imprisonment. His later arrest and conviction sparked a legal battle that would challenge the foundation of civil liberties in America.

Korematsu’s fight culminated in the Supreme Court’s initial ruling against him in 1944. He spent years in a Utah internment camp with his family, followed by time living in Salt Lake City where he was dogged by racism.

In 1976, President Gerald Ford overturned Executive Order 9066. Seven years later, the 9th Circuit Court of Appeals in San Francisco vacated Korematsu’s conviction. He said in court, “I would like to see the government admit that they were wrong and do something about it so this will never happen again to any American citizen of any race, creed, or color.”

Korematsu’s dedication and determination established him as a national icon of civil rights and social justice. He advocated for justice with Rosa Parks. In 1998, President Bill Clinton gave him the Presidential Medal of Freedom saying, “In the long history of our country’s constant search for justice, some names of ordinary citizens stand for millions of souls … To that distinguished list, today we add the name of Fred Korematsu.”

After Sept. 11, 2001, Korematsu spoke out against hatred and discrimination, saying what happened to Japanese Americans should not happen to people of Middle Eastern descent.
Korematsu’s roots in Oakland and his education in OUSD are a source of great pride for the city, according to the school district. His most famous quote, which is on the Korematsu elementary school mural, is as relevant now as ever, “If you have the feeling that something is wrong, don’t be afraid to speak up.”

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Bay Area

Port of Oakland Commission Votes to Change Oakland Airport to ‘San Francisco Bay Oakland International Airport’

The Port of Oakland Commission voted unanimously to change the name of Metropolitan Oakland International Airport to San Francisco Bay Oakland International Airport at a commission meeting Thursday afternoon. The Port initially announced the name change on March 29, claiming that the change will attract more passengers and enhance the airport’s visibility. They contend that the airport often gets neglected by the public’s lack of knowledge of Oakland’s proximity to San Francisco.

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Port of Oakland commissioners voted unanimously to change the name of the Metropolitan Oakland International Airport to San Francisco Bay Oakland Airport at Commission meeting on April 11.
Port of Oakland commissioners voted unanimously to change the name of the Metropolitan Oakland International Airport to San Francisco Bay Oakland Airport at Commission meeting on April 11.

By Magaly Muñoz

The Port of Oakland Commission voted unanimously to change the name of Metropolitan Oakland International Airport to San Francisco Bay Oakland International Airport at a commission meeting Thursday afternoon.

The Port initially announced the name change on March 29, claiming that the change will attract more passengers and enhance the airport’s visibility. They contend that the airport often gets neglected by the public’s lack of knowledge of Oakland’s proximity to San Francisco.

“We want people to know where Oakland is and how beautiful our city is. We want them to visit, we want them to spend their money, and we want to keep our money into our local economy,” Port Commission President Barbara Leslie said at the meeting.

The commissioners shared anecdotal experiences and research to explain how this new name change will elevate and add to the growth of Oakland, not take away from their Bay Area neighbors.

The Port claimed that local residents had been asking for more options in domestic and international flights, but in order to do that, outside travelers need to be aware of Oakland’s presence first.

Since the announcement of the new name, San Francisco leaders strongly opposed the suggestion for a change, the City Attorney going as far as threatening legal action.

SF City Attorney David Chiu announced Monday that his team sent a letter to the Port of Oakland, writing that if Oakland goes forward with the name change, the city will go forward with a lawsuit to prevent the use of their trademarked name.

San Francisco owns U.S. federal trademark registrations for the marks “San Francisco International Airport”, the letter says.

Chiu further claimed that the name change will only cause confusion and chaos for travelers who are used to seeing the San Francisco name in the SFO trademark.

“We want to see the entire Bay Area thrive as a tourist destination and expand our offerings to visitors, but this proposal is not a legal or practical way to go about it. If Oakland moves forward with this proposal, San Francisco will pursue legal action to prevent misuse of our trademark,” Chiu said.

SF Mayor London Breed joined Chiu’s letter, stating that Oakland does not need to add the internationally popular city to its brand in order to grow its services.

“[Oakland] is rich in culture and wonderful people and has its own unique identity. It does not need the name San Francisco as part of its airport to stand out,” Breed wrote.

The Port defended its proposed actions, saying that if the vote did go forward, they would “take all appropriate measures to defend its right to use this accurate geographic identifier.”

“The proposed name modification will clarify, not confuse. The new name identifies where OAK is actually located, which is on the San Francisco Bay,” a spokesperson said on behalf of the Port.

Support for the name change extends beyond the Port. Several regional leaders, airlines and community members have come out in support of the name change, including Oakland Mayor Sheng Thao.

“This adjustment isn’t just about signage—it’s about inviting travelers to discover all that Oakland and the region have to offer. From our local dining scene to unique shopping spots and cozy hotels, there’s something here for everyone. Let’s work together to ensure that Oakland Airport continues to serve as a welcoming gateway for visitors and a source of pride for our community,” Thao said.

Because of public outcry amongst residents and leaders in Oakland and San Francisco before and during the Commission meeting, the Board decided to extend the second reading for the proposed name change from the end of April to the first meeting in May. This decision will allow commissioners to connect with community groups and leaders over their concerns for the change.

The Port Commission is scheduled to hold a second reading of the proposed name change on May 9.

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