Developer Says New Raiders Stadium in Oakland Is Feasible - NBC 7 San Diego

Developer Says New Raiders Stadium in Oakland Is Feasible



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    OAKLAND, CA - DECEMBER 21: Derek Carr #4 of the Oakland Raiders hsnds off to Latavius Murray #28 of the Oakland Raiders against the Buffalo Bills at Coliseum on December 21, 2014 in Oakland, California. (Photo by Ezra Shaw/Getty Images)

    OAKLAND, Calif. -- A San Diego businessman says his latest plan for a new Raiders stadium in the city of Oakland has a 50-50 chance of succeeding, but he's revealing little else about it.

    Floyd Kephart's proposal first called for the Raiders, the NFL and future stadium revenues to finance the proposed $900 million facility.

    The Oakland Tribune reports an undeterred Kephart refused Tuesday to release his latest proposal, but hinted at several changes from his original plan.

    He says that there would be no attempt from his investors to purchase a piece of the Raiders. Originally, he proposed the team selling a 20 percent stake for $200 million with half of the sale price going toward stadium construction.

    The Raiders also are working with the San Diego Chargers on a $1.7 billion stadium in the Los Angeles suburb of Carson.