Oakland has until Wednesday to present the NFL with a financing plan to give the Raiders a new stadium, but city officials say that no plan is forthcoming, Rachel Swan of The San Francisco Chronicle writes. Instead, Oakland will send a letter to league officials simply updating them on the city’s efforts to persuade the Raiders to stay in town. The NFL has been looking to pressure Oakland (as well as St. Louis and San Diego) into coughing up tax dollars to finance new stadiums, but right now it looks like Oakland is not willing to play ball.
Here’s more on the Raiders, Chargers, Rams, and Los Angeles:
- A decision on Los Angeles will happen within the month of January, an NFL source tells Vincent Bonsignore of the Daily News (on Twitter). A path to the 24 votes needed to relocate a team, he adds, will happen one way or another.
- The St. Louis Stadium Task Force announced that it has submitted its official proposal to the NFL today, a day ahead of the deadline to file, as Jason La Canfora of CBSSports.com tweets. The proposal calls for the Rams to contribute “no less than $250MM to the project, with the NFL investing $300MM.” Meanwhile, the plan calls for the city and state to invest $400MM through “traditional public funding sources.” The local stadium authority would work with the Rams to design a stadium that would include PSLs. The proposal calls for the Rams to hold a 30-year lease to go along with an “enforceable non-relocation agreement.” The plan also calls for the Rams to “accommodate a MLS tenant under a market rate lease term.” The total cost of the project? – a cool $1.1 billion.