The Las Vegas Stadium Authority received the draft development agreement for a new ballpark for the Oakland Athletics.
Athletics
The development agreement will break down how the stadium will be financed by the A’s and the construction plan for the Strip stadium,.
Progress continues on the Oakland Athletics’ plan to build a $1.5 billion ballpark in Las Vegas. Senate Bill 1 became law a year ago, but steps remain before shovels hit the ground on the Strip.
As part of the Oakland Athletics’ nonrelocation agreement, the team could play seven home games per season away from Las Vegas and its planned Strip ballpark.
The 10-day event, with a $11.5 million prize purse, has sold out 360 consecutive performances at the Thomas & Mack Center.
The nonrelocation agreement, presented to the stadium authority board Thursday afternoon, is the third of four major agreements that must be approved by the authority.
The Nevada Supreme Court rejected a teachers union effort to put public funding for the Oakland Athletics’ planned Las Vegas ballpark on November’s ballot.
The Oakland Athletics plan to build a ballpark on the site of the Tropicana, but Bally’s says where the stadium will sit on that site is still being determined.
An executive explained why Bally’s is in no hurry to produce plans for a resort that would be attached to the Oakland Athletics’ stadium at the Tropicana site.
The Oakland Athletics are considering hiring an investment firm to assist team owner John Fisher in securing financing for construction of their planned Strip ballpark.
The Tropicana was profitable right up to its April 2 closing date, and operators didn’t close early because it was losing money, according to executives of the company that owns the resort’s land.
Tropicana owner Bally’s Corp. filed for a commercial demolition permit with Clark County as preparations continue to build a ballpark for the Oakland Athletics.
The Oakland Athletics filed a motion to intervene in a teachers union-backed lawsuit aimed at halting the team’s public stadium financing.
The Oakland A’s have found a temporary home to use as their Las Vegas ballpark is built. While they’re in that interim home, they will simply go by the Athletics or A’s.
Oakland officials and the Athletics remain “far apart” on striking a lease extension for the MLB team at the Coliseum.