TODAY: The LVSA board has approved the three agreements, as reported by Akers. Now, the Athletics are set to meet with Clark County officials to finalize a separate ballpark development agreement and other issues before construction can commence. Dean stated, “We’re in the early stages with Clark County, but our meetings have been productive. Clark County is eager to collaborate with us and meet the necessary timelines for our opening in April of ’28.”
DECEMBER 1: The Las Vegas Stadium Authority Board is scheduled to convene on Thursday to address significant aspects of the Athletics’ plans for a new ballpark in Vegas for the 2028 season. Akers provides details on the ballpark-related matters on the agenda, including letters regarding project financing from the A’s, owner John Fisher, U.S. Bank, and Goldman Sachs.
The project’s cost has increased from $1.5 billion to $1.75 billion, attributed to additional features in the ballpark and general construction cost escalation. Clark County and the state of Nevada will cover up to $380MM, while a $300MM loan from U.S. Bank/Goldman Sachs will contribute. The Fisher family and the Athletics will cover the remaining costs, potentially seeking minority partners to share construction expenses.
Three crucial agreements will be discussed at Thursday’s meeting, addressing construction, lease length, and provisions for the end of the lease term. This meeting is deemed the most crucial in the Athletics’ progress towards beginning the project. If all goes well, construction will commence this spring with a target date for the ballpark’s completion by Opening Day 2028. In the interim, the A’s will play at Sutter Health Park in West Sacramento for the 2025-27 seasons.
