An auction of the property earlier this year saw zero bidders step forward.
The headquarters of the Oakland Raiders is seen in Alameda, Calif. on Monday, March 27, 2017. The team has received approval from NFL team owners to relocate to Las Vegas. for multiple professional sports teams, including the Raiders, has been sitting empty for months, with no one willing to buy it.
The compound sits on 16 acres divided into two parcels on Alameda’s Bay Farm Island, a stone’s throw from the coast and a few miles from the Oakland Airport. Oakland expects to take in nearly half of that and put it toward a $360 million deficit that earlier this year led the city to squeeze some of its departments and leave job positions unfilled.
Oakland is rapidly losing its professional sports teams, but the property isn’t dedicated to athletics; after Candlestick Park changed hands, the San Francisco ballpark was razed because its new owners cared more about the land underneath it.
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