Oakland negotiated a new deal for the Coliseum. Then Mayor Sheng Thao’s opponents pounced

Allen Matkins partner, Nathaniel Touboul, was recently quoted in the San Francisco Chronicle about the recent deal negotiated between the City of Oakland and an investor group interested in purchasing the Oakland Coliseum. Some controversy has arisen about the deal due to a termination clause that allows investors to terminate the deal in November, which is after the mayoral election. Nate confirms in the article that the termination clause is a "normal part of the process" and allows the City to keep any money held in escrow for the deal, regardless of whether the deal is terminated. Read the full article here (subscription required).