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In this important meeting the findings of the feasibility study will be discussed and the Friends of the Coliseum will present the shareholders with their ideas for the future of the Coliseum," he said.
The Authority has been working for some time to find the appropriate naming rights partner for the Coliseum," said Scott Haggerty, Vice-Chair of the Authority and Alameda County Supervisor.
In addition to the substantial value of the hotel property (the largest on Long Island) and its additional development rights, Wang acquires a forty-foot wide easement connecting the hotel to the Coliseum.
At that time Don Reid, a City Council member and former head of the taxpayer group Citizens for Effective Government, proposed selling the coliseum to Shinn for about $60 million, more than the debt the city owed on the arena.
The LAMCC and USC will work in partnership to sell naming rights to the Coliseum for an anticipated $4 to $6 million per year.
The party has been organised by the Friends of the Coliseum, a voluntary group who got together after the cinema closed in January.
Under the plans, a series of columns holding a steel frame would be built around the rim of the Coliseum, excluding the peristyle end and the press-box area.
In conjunction with this project will be the transformation of the Coliseum and associated state-of-the-art athletic complex and sports training facilities.
The jury did find that the Coliseum was liable on a theory of negligent misrepresentation, a verdict that the Coliseum will appeal.
Oakland-Alameda County Coliseum Authority (CA) (Oakland Coliseum Project) lease revenue refunding bonds series 2000C-1 (LOC: Bank of New York (The), California State Teachers' Retirement System), 'AA-/F1+';
The Save the Coliseum campaign aims to reopen the 80-year-old picture house, and ensure it stays profitable enough to remain open for future generations.