Monday 13th of July 2020 11:38:58 PM GMT

Why Warriors Owing Oakland Coliseum JPA $40 Million Is A Big Deal

why-warriors-owing-oakland-coliswhy-warriors-owing-oakland-colis
(Last Updated On: December 29, 2018)

ONN – Why Warriors Owing Oakland Coliseum JPA $40 Million Is A Big Deal

The Oakland-Alameda County Coliseum Joint Powers Authority won it’s most significant court judgement in its history when an arbitrator ruled that the Golden State Warriors owed $40 Million in outstanding bond payments.

For an organization that had been told the bond payments made primarily from the revenues from the base rental payments and the personal seat license system for the team seats were not the obligation of the Warriors, this sets a precedent that will cause shock-waves through sports legal circles.

The reason is the way the bond document was written, the Warriors intepretation, according to now Senior Vice President Raymond Ridder. In 2014 Ridder claimed that the “base rental payments” the team made were not really tied to the bond debt service. Thus, the Warriors seemed to think they could leave Oakland, build a new arena in San Francisco, and not deal with any debt obligations.

But, as I tried to tell Mr. Ridder in 2014 those payments were done by the Warriors and to help pay for an arena rebuilt so much it was brand new, and for the Warriors in 1998. What is now called Oracle Arena was so new in 1998 that the only remaining construct from the original venue was its cross-hatched exterior design and materials – the inside was all new.

Inspite of that, the Warriors new owner Joe Lacob introduced the idea that they were leaving Oakland almost as soon as he purchased the team in 2010. “It took a year to get our feet wet, examine the organization and make a lot of changes. Step two is starting the process of getting a new arena somewhere in the Bay Area. We’re a Bay Area team. We consider the whole Bay Area our market, whether we’re located in San Francisco or Oakland,” Lacob said at the time.

That was a slap in the face to majority minority Oakland, and sent the message that Lacob would prefer the Warriors be in a mostly-white San Francisco, rather than mostly black, Latino, and Asian Oakland.

Thus, when it became clear the Warriors planned to skip town without paying the rent, the idea that Lacob and company didnt like the place once called “Chocolate City” was cemented in place. Those of us who love Oakland had to sit back and watch as a beloved symbol of our town that should have been named “Oakland Warriors” was taken from us, and there was nothing we could do about it. Heck, we couldn’t even get the rent owed to us.

Not so fast. Thanks to the aggressive work of the Coliseum JPA led by Oakland City Councilmember Larry Reid and Coliseum JPA Executive Director Scott McKibben, as well as the legal work of the San Francisco law firm of Keker Van Nest, a judgment for Oakland prevailed. The Coliseum JPA won and not just for the Coliseum, but for the Soul of Oakland.

For a town that’s losing the Warriors and the Raiders, and some of that soul, and suffers under the weight of enormous changes in a market that for so long ignored Oakland because it was black, it was nice to get a win.

Stay tuned.

Oakland News Now Note: this post demonstrates the full and live operation of the latest version of an experimental mobile media video-blogging system network – part of a new approach to the production of media. The uploaded video is from a vlogger with the Zennie62 onYouTube Partner Channel, then uploaded to and formatted automatically at the Oakland News Now site and social media pages. The objective is real-time on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. We are constantly working to improve the system network coding and also seek interested content and media technology partners.

News
https://youtu.be/mEcZbREHNoY

OaklandNewsNow.com, Oakland News Now, Oakland-News-Now.com @OaklandNewsNow oaklandnewsblog.com is by Zennie62Media, Inc. with CEO Zenophon Abraham AKA Zennie62 YouTube Oakland News Now Commentary Vlog YouTube Partner, Oakland California blogger / vlogger Zennie Abraham @ZennieAbraham . Hire @Zennie62Media, Inc to tell your story.

Zennie62Media uses smartphones enabling our 98-blog network, specially-made blogs, website, social media platforms covering politics, news, sports, and tech, @Oaklandcitynews, Oakland City Council, North Oakland, East Oakland, Montclair, Adams Point, Uptown Oakland food culture, BBQ Becky Dr. Jennifer Schulte , Jogger Joe Henry Sintay, Oakland crime news, Bank of America loans, COVID-19 updates, homeless news, SF Bay Area news, Oakland artists, @breakingnewsbayarea, Emeryville, Atlanta news, Chevron Ecuador, Steven Donziger, Fayetteville GA news, @FayettevilleGA Fayette County Georgia, San Francisco news, San Jose news. Also, Academy Awards / The Oscars entertainment,Tom Hanks, Skyline High School, Oakland Sports, Oakland Panthers, Oakland Coliseum, Honda of Oakland, Oakland Arena, Oakland Raiders, Las Vegas Raiders, Las Vegas Stadium Construction, Allegiant Stadium, NBA, NFL, NFL Draft, NFL Combine, CES Las Vegas tech, San Diego Comic Con sci-fi. @GrandLakeTheater @LasVegasHotels, Penny Dreadful City of Angels, Academy of Motion Picture Arts and Sciences

Zennie62Media has content development and online reputation management clients like Insight Terminal Solutions @InsightTerminalSolutions and The Oakland Bulk and Oversized Terminal, with California Capital Investment Group Managing Partner Phillip Phil Tagami @PhilTagami co-developer, @JohnSiegel John Siegel as ITS CEO exposing coal and Oakland fake news. Zennie62 has helped Maria Ayerdi Kaplan @MariaAyerdiKaplan, developer of Salesforce Transit Center in San Francisco, Kofi Bonner, and Flowsent capture the Oakland Cannabis Delivery Dispensary @OaklandCannabis market with fitness model female bodybuilder Laura Ehlen and weedmaps help. We’ve partnered with CoLoursTV, CNN, YouTube, Google, NBC, Vice, Oakland Post / Post News Group, Landis PR, and other media organizations. Competition: The SF Chronicle, Las Vegas Review Journal, East Bay Express, Oakland Tribune, Oakland Voices

Zennie62 interviews celebrities like Lars Frykman, Bill Boyd, Arizona Cardinals QB Kyler Murray, Raiders Owner Mark Davis, Raider Legend Raymond Chester, Brianna Noble, NY Giants Owner John Mara, @SportsTalk Tony Bruno, Sports Agent Leigh Steinberg, Oakland City Charter, Henry Sintay Oakland’s “Jogger Joe”, Cam Newton, NFL Commissioner Roger Goodell, California Governor Gavin Newsom, Tanis Parenteau, Scott Kidd, Actors Richard Dreyfuss, Lou Ferrigno, Lindsey Vonn hot legs, Blake Neely, SDCC’s David Glanzer, Publicist Edward Lozzi. Topics like Oakland Apartment rents, WordPress, CVS Mail Order and Pharmacy, Kaiser Permanente, Rosa’s Home Cooking Restaurant, Oakland Community Kitchens, Lukas Oakland, Maria Alderete, The Studio Cafe, Black Lives Matter, Oakland hangman noose problem, Oakland NFL Football, Rayzin Schnitzer 11th Street Diner Miami, George Floyd Protests, Oakland City Charter, @OaklandCityCouncil, Mountain View, CA, London, England, Moscow, Russia, blacks in tech, Tackett Bartlett LLP @TackettBartlettLLP, Jameis Winston, Pinewood Studios Atlanta, Jeff Miller, Joceyln Moore, Derek Carr, Marcus Mariota, Regina Jackson, Barry Donelan, Yanqing Ye, UC Berkeley, NFL Owners Meeting, NFL Annual Meeting, Eli Lilly Coronavirus COVID-19 vacine, Summit Bank Oakland, Bank of America, Oakland protestors arrested, Juneteenth Rally, Len Raphael, Southern Evangelical Seminary, Richard Land, Mike Hutchinson Oakland, Alison Roessler, Brie Larson, Mayor Of Chicago, Robert F. Smith, coalition for police accountability

Indeed, airbnb, pinterest, credit karma, southwest airlines, mcdonalds, united airlines, drudge report, astros, 49ers, frontier airlines, tractor supply, warriors, alaska airlines, buffalo wild wings, horoscope, shein, raiders, uhaul, ted bundy, nba finals, michaels coupon, cheesecake factory, golden state warriors, kevin durant, realtor com, stephen curry, walgreens photo, drudge, facebook sign in, funny memes, hbo go, hbo now, oakland raiders, vistaprint, braves, san francisco 49ers, monday night football, newegg, travis scott, zion williamson, kohls coupons, lands end, nancy pelosi, kohls coupon, hotwire, kamala harris, harry potter, giants, craigslist sf, california earthquake, boston weather, las vegas weather, sf giants, san francisco weather, san francisco, los angeles weather, lord and taylor, jimmy garoppolo, hawaiian airlines, detective pikachu, clint eastwood, bed bath and beyond coupon, abercrombie, pewdiepie, sfgate, sc lottery, san diego weather, san antonio weather, southwest flights, pikachu, golden state, myatt, just mercy, french open, colourpop, cam newton, anna kendrick, klay thompson, harbor freight coupon, robin williams, portland weather, phoenix weather, north carolina, macbook, how, bath and body works coupon, googleflights, daytona 500, daily horoscope, ashton kutcher, andrew luck, alamo drafthouse, 49ers schedule, trump tweets, thanksgiving,How to, What is, How do I, What do I, Who is? , Electronic Frontier Foundation

Also Pat Abraham Yerger, Patricia Yerger, Oakland Mayor Libby Schaaf @LibbySchaaf, Councilmember Nikki Fortunato Bas, Dan Kalb of District 1, Loren Taylor, Lynette Gibson McElhaney, Sheng Thao, Noel Gallo, Robert Bobb, Rebecca Kaplan, Larry Reid, Tech Entrepreneur Sarah Lacy, Personal Trainer Megan Avalon Buffed Barbie, Social Media Pioneer Marc Canter, SF Mayor London Breed, Scott McKibben, CA Assemblymember Buffy Wicks, Schools Superintendent Tony Thurmond, Berkeley Councilmember Ben Bartlett @BenBartlett, Raiders Charles Woodson, 49ers Jerry Rice, Grand Lake Theater Oakland Owner Allan Michaan, Irvine City Manager John Russo, Guy Fieri, Oakland CAO Edward Reiskin, Raiders Coach Jon Gruden Running Back Josh Jacobs, Stanford HC David Shaw, Tri Ngo, Atlanta Falcons Coach Dan Quinn, Michael Mina, NFL Draft Mr. Irrelevant Head Melanie Fitch, Paul Satala. Subscribe to Zennie Abraham’s @Zennie62 YouTube Channel, today!

About the Author

Zennie Abraham
Zennie Abraham is the CEO of Zennie62Media
;

Ben Bartlett Berkeley Councilmember Introduces “Safety For All: George Floyd Community Safety Act

Councilmember Ben Bartlett, Coalition App For City Of Berkeley Virtual Town Hall April 22nd, 2020

Oakland News Now Recent Blog Posts