(KRON) -- The City of Oakland has reached a deal to sell its share of the Oakland Coliseum Complex, KRON4.com has confirmed. The potential landmark deal will see the city unload its 50 percent share of the facility's ownership to the African American Sports and Entertainment Group (AASEG). A spokesperson for Oakland Mayor Sheng Thao called the deal a "massive win for Oakland." Proceeds from the sale could help Oakland stave off a proposed $63 million in budget cuts and avoid significant layoffs that would have impacted city services. Person used blowtorch to set fires near I-880 in Oakland: officials "This isn't just a short-term solution that keeps police and fire station
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