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City and county officials approved opening negotiations with an investment group on a possible $1.3 billion stadium project that supporters hope will sway the Oakland Raiders to stay. The approvals Tuesday give an investment team anchored by Hall of Famer Ronnie Lott and former quarterback Rodney Peete the right to negotiate a formal agreement for a $1.3 billion stadium that includes $350 million in public money. The Alameda County Board of Supervisors voted earlier Tuesday, with the Oakland City Council voting later in the night.
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