Oakland Raiders Eyeing 50,000-Seat Stadium

The Oakland Raiders want to build a new 50,000-seat stadium at the site of their current home, the Oakland Tribune reported Monday.

The capacity, which would be the smallest in the NFL, was determined after a team-commissioned study determined the demand in the area.

“Both sides are conducting studies to determine the demand and financial viability of the project.” Mike Taylor, the team’s director of public affairs, said in a statement about the study’s findings.

According to David Stone, a consultant working with Oakland and Alameda County (Calif.) officials on stadium construction, the new stadium would cost approximately $800 million. The Raiders have proposed contributing about $300 million, Stone said, with the remaining amount to be funded by the NFL ($200 million) and public financing (about $300 million).

Source: Kevin Patra, NFL.com