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When a loan is not a ‘loan’: city officials use wordplay to elide the truth about the Coliseum sale
Oakland lends its Coliseum buyer half the price — and the buyer plans to immediately flip the Oakland Arena for cash. We map the deal to the city's own…
Jul 21
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Alex Montana
15
7
3
Oakland set to give Ray Bobbitt’s company public financing at below-market interest rate to buy the Coliseum
We compare the proposed loan to what commercial lenders charge — and estimate the below-market public financing is essentially a giveaway of roughly $45…
Jul 13
•
Alex Montana
8
19
3
The Bank of Oakland: City to loan $60 million to developer Ray Bobbitt’s company
Committee reviews plans to front the money for purchase of the Oakland Coliseum Complex. The County is also considering giving a loan.
Jul 9
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Alex Montana
8
16
3
Oakland proposes closing streets to stop prostitution on ‘The Blade.’ But past barricades just moved the problem.
Council member Charlene Wang’s proposal to barricade 9th, 10th, and 11th Avenues has no cost estimate and no baseline data.
Jul 7
•
Sean S. Reinhart
6
11
Union raises ‘endanger’ Oakland school finances as board set to approve $1.2 billion budget
Alameda County superintendent of schools warns that Oakland Unified can’t afford its new teacher contract unless it finds $30 million in cuts it has yet…
Jun 23
•
Sean S. Reinhart
11
4
1
Oakland city council pay raises: the charter reform provision no one is discussing
Oakland's charter reform could raise council pay up to 125%, pushing total compensation past $300,000 — yet the provision has been nearly absent from…
Jun 15
•
Alex Montana
11
13
3
Oakland’s ‘unanticipated’ financial emergency set to enter its fourth year
City council intends to once again declare a ‘severe and unanticipated financial event’ — suspending multiple voter-approved mandates in order to divert…
Jun 12
•
Sean S. Reinhart
21
20
4
Oakland’s charter reform process: the questions it was built not to ask
Mayor Barbara Lee’s charter reform ‘working group’ was hand-picked to diagnose Oakland’s dysfunction. But the group was set up to rule out the reforms…
Jun 2
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Alex Montana
13
6
3
‘Oakland deserves better’ — Alameda County approves Coliseum buyback term sheet
Developer Ray Bobbitt sought to ‘carve out’ the Oakland Arena from liability for environmental cleanup, but the supervisors rejected his changes.
May 29
•
Sean S. Reinhart
5
7
1
Alameda County is back in the Oakland Coliseum business — set to buy back from A’s, sell to developer
Developer Ray Bobbitt has missed nearly every major payment to the City of Oakland. Now the county is stepping back in to help after selling its share…
May 28
•
Oakland Report
8
3
2
Oakland failed to collect $12 million in taxes: ‘they did not know what was happening’
New audit finds the city let business taxes go uncollected. Meanwhile the city sits on hundreds of vacant positions, claims “extreme fiscal necessity…
May 11
•
Sean S. Reinhart
24
8
2
Oakland’s homeless population is growing by 1,000 people per year
The city plans to spend $1.06 billion to cut homelessness 50% in five years – and it isn’t enough. Oakland Agenda Watch
Mar 17
•
Sean S. Reinhart
8
5
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