BASEBALL

Oakland A’s, Bally’s announce formal stadium agreement

May 15, 2023, 9:26 AM

An exterior view shows the Tropicana Las Vegas. This location could be the new home of the Oakland ...

An exterior view shows the Tropicana Las Vegas on April 13, 2021 in Las Vegas, Nevada. Bally's Corp. has agreed to purchase the Las Vegas Strip property from landlord Gaming and Leisure Properties Inc. in a transaction valued at about $308 million. (Photo by Ethan Miller/Getty Images)

(Photo by Ethan Miller/Getty Images)

The Oakland A’s and Bally’s Corp. have reached an official agreement for a new baseball stadium along the Las Vegas Strip.

In the press release announcing the agreement, the two sides, along with Gaming & Leisure Properties, Inc. [GLPI], said the A’s will have access to nine acres on the 35-acre site located at Las Vegas Boulevard and Tropicana Avenue. GLPI also agreed to fund “up to $175 million towards certain shared improvements within the future development in exchange for a commensurate rent increase.”

The deal was announced Monday, May 15. No bill has yet been sent to lawmakers. The Nevada State Legislature adjourns in exactly three weeks on June 5.

The new ballpark will accommodate approximately 30,000 fans. This groundbreaking agreement is subject to the passing of legislation for public financing and related agreements, and approval of relocation by Major League Baseball. As part of the agreement, Bally’s retains the ability to assign the rights to all aspects of this development and has received material interest from development partners.

Major League Baseball must also approve the relocation.

“We are excited about the potential to bring Major League Baseball to this iconic location,” Oakland A’s President Dave Kaval said in the release. “We are thrilled to work alongside Bally’s and GLPI, and look forward to finalizing plans to bring the Athletics to Southern Nevada.”

The Nevada Independent initially broke the agreement earlier in May. While Monday’s press release doesn’t include many details, the Nevada Independent previously reported that the A’s are still looking for just under $400 million in public financing and hope to break ground in 2024 with a planned opening date of either 2027 or 2028.

This is the second “binding agreement” deal the Oakland A’s have announced this year. This past April, the team announced a binding purchase agreement for 49 acres of land in Las Vegas, where a new stadium could be built.

READ MORE FROM SACTOWN SPORTS:

Thank you for reading SactownSports.com. Follow us on Twitter, and be sure to subscribe to our YouTube channel.

Newsletter

Baseball

Logan Webb #62 of the San Francisco Giants pitches in the first inning during an Opening Day game a...

Amiliano Fragoso

Bip Roberts thinks the Giants won’t be a ‘pushover’ team in 2024

Former player Bip Roberts joined The Drive Guys Thursday to talk about opening day in the MLB and what it means to him.

14 hours ago

Logan Webb #62 of the San Francisco Giants pitches in the first inning during an Opening Day game a...

Field Level Media

Bob Melvin’s return to San Diego spoiled by Padres

Jake Cronenworth capped a four-run seventh inning with a two-run double Thursday afternoon as the San Diego Padres overtook the visiting San Francisco Giants for a 6-4 win in a matchup of new managers.

14 hours ago

A detailed view of the bases set to the side while the tarp is stretched across the infield during ...

Joseph Jarosz

Sac Bee writer explains why Sacramento is the perfect place for the A’s

Marcos Benton, Opinion Editor for the Sacramento Bee, joined "The Carmichael Dave Show with Jason Ross" on Thursday morning to dive into his recent piece, explaining why there's no downside for the state's capitol to temporarily host the Oakland Athletics.

19 hours ago

Sutter Health Park, home of the Sacramento River Cats....

Nijzel Dotson, KCRA Digital Producer

Sacramento River Cats ready for season amid talk A’s will share stadium in 2025

The Sacramento River Cats are ready for the upcoming season, with their home opener set for Friday against the Salt Lake Bees.

19 hours ago

Pablo Sandoval #48 of the San Francisco Giants prepares for a spring training game against the Texa...

Joseph Jarosz

Giants release Pablo Sandoval, solidify opening day roster

The comeback attempt by Pablo Sandoval is over, as the San Francisco Giants released Kung Fo Panda on Thursday.

20 hours ago

Logan Webb #62 shakes hands with Patrick Bailey #14 of the San Francisco Giants after they beat the...

Field Level Media

Giants RHP Logan Webb not worried about poor spring as he faces Padres

San Francisco Giants ace Logan Webb ended spring training with a 10.97 earned run average after allowing nine runs to the Chicago Cubs on Friday.

2 days ago

Oakland A’s, Bally’s announce formal stadium agreement