Even though the A’s have not gotten official permission from Major League Baseball to move to Las Vegas, the owner of the Tropicana land where the Athletics plan to build a Major League Baseball stadium says the project is moving at a rapid pace.
The rapid pace may be a necessity if the A’s want the stadium to be ready for the 2028 baseball season opening date.
Most of the people involved feel that Major League Baseball approval will be granted and after that, we will start to see a timeline come out for the demolition of the current site that’ll permit the physical construction of the stadium to begin.
The A’s are planning to construct a $1.5 billion, 30,000-seat stadium on at least 9 acres of the 35-acre Tropicana site, of course, the old resort will have to be demolished to make way for the ballpark.
Peter Carlino is the CEO of GLPI, the real estate investment trust that owns the Tropicana land, has said his company executives are confident that the 9 acres designated for the stadium project would be enough to accommodate the plan the property’s operator, Bally’s Corp., has worked out with the baseball team.
GLPI, Bally’s, and the A’s all have entered into a binding letter of intent for developing a stadium with a capacity of at least 30,000. The letter of intent says that the A’s will pay all the costs related to the design, development, and construction of the stadium, and Bally’s will pay all costs for the redevelopment of the casino and hotel resort. GLPI has committed $175 million to fund infrastructure that would benefit both the stadium and the resort.
The Nevada Legislature, in a special session in June, approved a $380 million public funding package that includes $180 million in transferable tax credits and $25 million from Clark County for infrastructure improvements to support the stadium. Taxes generated from the stadium site also would support bonds paying for stadium construction.
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