A’s Renew Oakland Coliseum Lease Until 2000
The Oakland A’s extended their lease with the Oakland Coliseum until the year 2000, ending speculation that the American League franchise would relocate after this season. A’s President Roy Eisenhardt said speculation that the A’s were moving to Denver forced team and county officials to quickly settle.
The lease calls for the A’s to receive a five-year, $15 million loan from the Coliseum, to be paid back by 1990. The Coliseum board has also agreed to help the team find local investors able to purchase up to 25% of the team.
The agreement ended speculation that the A’s would move to Denver, Tampa Bay, Fla., or Vancouver, Canada, after the season.