The A’s are at an impasse with Nevada legislators over public funds for $1.5B stadium construction
The Oakland Athletics ‘still have significant hurdles to overcome before the Las Vegas relocation takes place…with the team seeking $395 MILLION in public funding from Nevada lawmakers to build a $1.5 billion stadium in Sin City’
- The A’s are set to build a new stadium on a lot owned by Tropicana on the strip.
- MLB franchise seeks $395 million in public funds from Clark County
- DailyMail.com provides the latest international sports news
<!–
<!–
<!–
<!–
<!–
<!–
The Oakland Athletics have yet to agree on a set amount allocated to funding their Las Vegas stadium with Nevada lawmakers as the MLB franchise looks to leave the Bay Area by the end of the season.
The A’s are seeking $395 million in public funds to build a $1.5 billion stadium on the Tropicana lot owned by Gaming & Leisure Properties Inc. and managed by Bally’s.
What’s more, the A’s would receive nine free acres of the land, worth an estimated $180 million, from Bally’s, pending the team finding a compromise with the Nevada legislature.
The A’s were believed to be negotiating for $320 million, according to the Las Vegas Review Magazinewith the nine-time World Series champions also negotiating with Clark County for the remaining $75 million.
However, lawmakers only agree to provide $150-$195 million in funding, the nevada independent informed.
The Tropicana’s owners hope that an agreement reached with the A’s that will commit nine acres on the Las Vegas Strip at no charge will help push a $1.5 billion MLB ballpark project to completion.
However, the A’s have yet to agree on a set amount in public funds with Nevada lawmakers.
State lawmakers were then said to only be willing to issue $195 million, according to fox5 las vegasalthough the state could injunct Clark County for a $125 million bond.
The Nevada legislature is in the home stretch of a six-week session that is held every two years. A funding bill of this nature would be exempt from a deadline that has passed for bills to be introduced and approved in their first committees.
In April, Nevada’s Republican Gov. Joe Lombardo said he remained committed to a campaign promise not to raise taxes, a spokesman said in a public statement.
“The prospect of bringing new jobs, more economic development and an exceptional MLB team to Las Vegas is exciting on so many levels,” Lombardo said. “As we continue to navigate this opportunity, I am in regular communication with the A’s, Major League Baseball, legislative leadership, and local and state stakeholders.”
Nevada Gov. Joe Lombardo said he would approve the A’s move to Las Vegas if he doesn’t raise taxes.
Others were generally supportive while speaking in general terms.
Democratic Assembly Speaker Steve Yeager highlighted the city’s recent success in hosting sports teams.
“It’s important that we consider both the benefits and the impacts to Las Vegas and the state,” Yeager added.
Republican Senate Minority Leader Heidi Seevers Gansert made a similar comment in a statement that also said she hoped to review the proposal.
Republican Assemblywoman Danielle Gallant said her group “will continue to support our governor as he navigates possible ways to diversify our economy and bolster the existing industries that make Nevada unique.”
The A’s were set to build a new stadium on the 49-acre Red Rock Resorts site in Paradise, a suburb of Las Vegas, but switched to the Tropicana site late in the process.
.