The deal was approved Thursday by the Oakland-Alameda County Coliseum Authority. The deal still needs to be formally approved by the Oakland City Council and Alameda County Board of Supervisors later this month.
The deal settles all outstanding issues between the two sides, including a dispute of past rent owed by the A's. The A's will spend more than $10 million on a new scoreboard and the Coliseum Authority will pay for any structural improvements that will be in place by opening day 2015.
The rundown Coliseum has had multiple sewage problems in the past year and an outage affecting the outfield lights on June 14.