Oakland Raiders, Oakland A's New Stadium, Coliseum City Update | Coliseum City Oakland Gets Bay Investment Group: Rashid Al Malik, Colony Capital LLC http://www.zennie62blog.com/2013/10/01/coliseum-city-oakland-gets-bay-investment-group-rashid-al-malik-colony-capital-llc/ The Coliseum City Project (the focus of an Oakland City Council closed session meeting today) just got the "middle eastern investor" Oakland District Seven Councilmember Larry Reid was working on securing as far back as four months ago. That person is Rashid Al Malik, and he's teamed with an organization, Colony Capital LLC to form the Bay Investment Group. The Bay Investment Group's website tells little other than that they're located in The San Francisco Bay Area, but reads: "Bay Investment Group has experienced tremendous growth and at the urging of many investors, we are now negotiating possible investment strategy partnerships." While none of those investment strategy partnerships are listed, one of them is the Coliseum City Project. For those of you not into what's happening, Coliseum City Project is a planned development that will, hopefully, house stadiums for the Oakland Raiders, Oakland Athletics, and Golden State Warriors. In all, it's over 800 acres, includes hotels and office buildings, and would mark a significant alteration to the land around the Oakland Coliseum.

• published: 03 Oct 2013
• views: 426