Amid City Hall turmoil, Oakland City Council faces crucial budget decision relying on Coliseum sale

Nearly a week after the FBI search of Oakland Mayor Sheng Thao's home threw City Hall into turmoil, the City Council faces a crucial decision on the mayor's budget proposal. The council has a Friday deadline to pass Thao's budget plan, which relies on selling the city's half of the Oakland Coliseum site to avoid major job cuts and service reduction. In the meantime, the council is working on a backup plan if that falls through, which could lead to some painful choices.

FBI raid at her home just the latest obstacle for Oakland Mayor Sheng ThaoA council meeting on Wednesday was not the official budget discussion, but it certainly involved a big piece of it. 'I also want to make it very clear that the item in front of us is about the purchase and sale agreement for this project, for future economic development at the Coliseum. Our budget item is a separate item that we will discuss on Friday.

Defiant Oakland Mayor Sheng Thao denies any wrongdoing in 1st comments following FBI raidWithout the Coliseum land sale city officials are now considering an alternative budget contingency that would declare a kind of financial emergency, cutting some $60 million, freezing 78 police positions, and five fire companies.'So basically it's almost impossible for a city Council to support those things.

Sale of city's Coliseum share gives Oakland budget breathing roomCity staff said the sale negotiations are continuing every single day but there's no timetable. And there are more questions about how the payments would be delivered.'And what I like to know, based on what we've heard is that y'all on the first the first escrow deposit you're only going to get X, Y and Z, on the second one you get this amount,' said District 5 Councilmember Noel Gallo.

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