The $105 million sale provides much-needed cash to Oakland, which would have faced more than $60 million in cuts to municipal services if the agreement hadn't been signed in the next month.
Gig companies backed Prop. 22 in 2020 to win themselves an exclusion from AB 5, which would have upended their business models by requiring them to consider their drivers and delivery workers as employees.
The plans, which are backed by a variety of wealthy Silicon Valley tech investors, faced sharp criticism from environmentalists and Solano County residents.