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VisitWhat will be the main source of financing for Las Vegas ballpark by end of 2024?
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Oakland Athletics Unveil Plans for $1.5 Billion Las Vegas Ballpark with 33,000 Capacity for 2028 Season
Oct 17, 2024, 02:18 PM
The Oakland Athletics have revealed extensive plans for a new $1.5 billion multi-purpose, enclosed ballpark on the Las Vegas Strip, which is set to become their home by the 2028 baseball season. The development includes lease, development, and non-relocation agreements to ensure the team remains in Las Vegas for a set number of years. The financing for the ballpark is reportedly in place, with the team’s owner having the equity to support the project. The Las Vegas Convention and Visitors Authority (LVCVA) CEO Steve Hill confirmed that public discussions on the financing will commence in December. The proposed ballpark will have a capacity of 33,000 fans and will be flanked by two Bally’s Corp. hotel towers, each standing 495 feet tall. The site plan also includes a new casino-resort and detailed renderings of the stadium and surrounding areas. The Las Vegas Stadium Authority and the Athletics are set to present updated development plans today, with approval expected by December 5, including $120 million in bonds to fund construction. The Tropicana site will see 14.7 acres dedicated to the Bally’s resort, 11.37 acres of shared space, and 9 acres for the A’s ballpark.
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