OAKLAND, Calif. (AP) The authority that operates O.co Coliseum has approved a new lease extension for the Oakland Raiders that more than triples the team's rent to use the stadium and their training facility in nearby Alameda.
The Oakland Tribune reports (http://bayareane.ws/1RE90si ) Friday that the team will now shell out $3.5 million in rent, up from $925,000 it paid last season.
The Oakland-Alameda County Coliseum Authority approved the agreement at a meeting Friday morning. It now heads to the Alameda County Board of Supervisors and Oakland City Council, who must approve the deal.
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Coliseum Executive Director Scott McKibben says the rent hike accounts for increased costs for game-day security, among other factors, the newspaper reported.
Authority officials say the extension, which includes options to play in Oakland for two additional seasons, opens the door for a long-term stadium plan in Oakland.