Thursday, July 14th, 2011 at 5:50 pm in Uncategorized.
This belongs to the “better late than never category.” Tomorrow morning the Coliseum board will start the ball rolling on whether to extend the contract of SMG, the company that manages the complex – home to the Warriors, A’s and Raiders — or whether to open the job up to another company. AEG, which operates STAPLES Center is one of the companies interested in taking over. Here’s the agenda. The contract with SMG expires June 2012. I’m not going to go into all the details about how the A’s tenancy is different from the Raiders’. This story describes the basics of how the coliseum is organized. It’s helpful to figuring out who’s who and cutting through the jargon.
What you need to know at a minimum tomorrow is that SMG is offering the Oakland-Alameda County Coliseum Authority $1.5 million to extend its contract. There’s going to be a sweetener no matter who gets the contract. And there might not have been any discussion at all since the county is not required to put out a bid for professional contracts, according to Chairman Ignacio De La Fuente. (I had thought any kind of contract required a request for proposals.) So tomorrow the board will either send coliseum staff to the negotiating table to come up with a contract extension for SMG, which will be voted on at a future meeting. Or, the board can ask staff to prepare a request for proposals and circulate it to companies who might want to take over. One of them, like I said is AEG, who recently sent a letter of interest to the board, AEG spokesman Michael Roth said. He said he didn’t have details on what AEG offered.
Either way, the board won’t vote on the extension tomorrow.