Report: A’s stadium deal not passed by Nevada lawmakers
Jun 6, 2023, 9:00 AM
Extra innings are now needed if the Oakland A’s want to get a stadium deal done in Las Vegas.
According to multiple reports, the Nevada Legislature adjourned Monday without passing SB-509, a public financing deal that would have seen Nevada award the A’s $380 million to help fund a $1.5 billion stadium.
Nevada Gov. Joe Lombardo said in a statement Monday night that a special session would be called Tuesday. But, according to the Nevada Independent, “a spokesperson for the governor’s office declined to comment on whether the governor plans to convene a special session for the A’s stadium bill.”
Last month, MLB Commissioner Rob Manfred said a relocation vote could happen as early as June. But following Monday’s news, the Las Vegas Review-Journal reports that is no longer being considered for the June owners meeting.
Oakland A’s stadium deal timeline
The team began the process of relocating to Las Vegas earlier this year, when they announced not one, but two binding land deals.
First, the A’s announced an agreement with Red Rock Resorts to purchase 49 acres of land in Las Vegas. Less than a month later, a second binding agreement was announced between the A’s and Bally’s Corp. As time progressed, the two sides formally announced an agreement for a new baseball stadium along the Las Vegas Strip at the site of the Tropicana Hotel.
In the agreement between the team and Bally’s Corp., the Oakland A’s will have access to nine acres on the 35-acre site located at Las Vegas Boulevard and Tropicana Avenue to build a 30,000-seat stadium with a retractable roof. The Gaming & Leisure Properties, Inc. [GLPI] also agreed to fund “up to $175 million towards certain shared improvements within the future development in exchange for a commensurate rent increase.”
If the plan goes through, the team could break ground on the new stadium in 2024 with games beginning in Las Vegas as early as 2028. Total construction is estimated to be around $1.5 billion.
If the move comes to fruition, Las Vegas would be the fourth home for the franchise. The team originates from Philadelphia where they played from 1901-1954. The Athletics then moved to Kansas City until 1968, when they relocated to Oakland. The A’s lease with the Oakland Coliseum ends after the 2024 season.