The Oakland Raiders announced on Thursday that they have agreed to a lease extension to remain in O.Co Coliseum in Oakland for at least one more year.
But that wasn't the only piece of news coming out of the press conference. Owner Mark Davis also announced that the organization has hired senior real estate Larry MacNeil to the Oakland stadium development team.
MacNeil spent 10 years as the Chief Financial Officer of the San Francisco 49ers and was in charge of the development of Levi's Stadium in Santa Clara. He will now represent the Raiders' interests in negotiations with the City and County to explore opportunities for a new stadium in Oakland.
MacNeil's record in complex development projects is extensive, having spent 12 years as a partner with a management consulting firm delivering financial solutions. He is also a proven negotiator, have executed more than $5 billion in acquisitions, sales and financing transactions.
The Raiders need all the help they can get as they appear to be back at square one, looking for a new stadium deal in Oakland.