he's pursuing a lawsuit against the city for wrongful termination. Well, the bitter divorce between the A's and Oakland continue today, though some progress. Oakland announced plans to sell half of the Coliseum to a group of private developers. Price tag 105 million bucks. The question now what are the A's going to do? They own the other half of the Coliseum. Here's NBC's Robert Honda. Today's sales certainly clears up a lot of confusion and uncertainty over what Oakland wants to do, and the money will certainly help the city and both the mayor and the developers say this part of the project can go forward, even if the situation with the A's is still not resolved here in Oakland today, Oakland's mayor announced a plan to sell the city's half of the Coliseum to the Aasg. The African American Sports and Entertainment group made up mainly of Oakland based black developers and investors. The price tag is a minimum of $105 million, which could go up depending on how development goes. And the deal comes as Oakland is about to release a budget plan that had projected layoffs of police officers, city workers, as well as the possible closure of four fire stations at the sale announcement at Castlemont High School, Mayor Sheng Tao said General, today's deal will help the city's budget deficit, but emphasize the ultimate goal was not to close the deficit gap, but to revitalize East Oakland. It takes a partner that understands that there is a return on investment that doesn't necessarily show up on that balance sheet. That is just not all about the money, but it's about the community and making sure that they are thriving. The 112 acre stadium property has been part of numerous proposed plans. Oakland had publicly said it hoped to sell the entire site to developers, but ownership of the other half of the Coliseum has been murky. The A's bought the other 50% from Alameda County for about $85 million in 2019, but community groups are fighting to invalidate that deal in court. On top of that, the A's rejected an offer from the A's before. But Ray Bobbitt, the head of Ask, said cautiously this deal means project planning can still go forward. I'm under an NDA with respect to our negotiations with the Athletics, so I can't expand on that too much, but I can say that we are in healthy negotiations and they've continued and they are moving in a positive direction. Carol and C.J. Johnson of the community development group Black Cultural Zone, which has a goal to revive East Oakland, said she's optimistic. Talk about vibrancy, retail arts, culture, movies, sports, all of those things that we need to make a city, to make a town. The developers say they will show an actual site plan soon, which could include urban design plans submitted by students here at Castlemont High. The mayor says she will talk more about how this money will help the budget crisis. In a news conference on Thursday, and she expects the city council to vote on the
