NFL receives plan to keep Raiders in Oakland ahead of March meeting

Ronnie Lott’s group has finally made its move to keep the Raiders in Oakland.

Fortress Investment Group has sent the NFL and the Raiders a formal proposal to build a new stadium for the team, according to a Sports Business Daily report. An NFL spokesman confirmed the report to Las Vegas Review-Journal’s Jon Mark Saraceno, noting that the proposal included details for a 55,000-seat stadium, worth an estimated $1.3 billion, in Alameda County.

The Oakland City Council and the Alameda County Board of Supervisors voted in mid-December to support a plan to enter into an exclusive negotiating deal with Lott’s investment team to build a new stadium for the Raiders.

Fortress’s initial plan was accepted by the Oakland council with a 7-0 vote, while the county board voted 3-1. The league, however, rejected the proposal and asked the group to resubmit it with more information.