Oakland A and Nevada legislative leaders reach tentative agreement for new Las Vegas ballpark
CARSON CITY, Nevada — Republican Nevada Governor Joe Lombardo on Wednesday announced a tentative agreement between his office, state legislative leaders and the Oakland Athletics for a stadium funding plan after weeks of negotiations over the amount of the public aid that the state will contribute to a $1.5 billion baseball stadium in Las Vegas. , according to a joint press release.
The tentative agreement says a funding bill will be introduced in the Nevada Legislature in the coming days with less than two weeks until the end of the legislative session. It still needs to be approved by the Senate and the State Assembly.
The threat of a special legislative session looms if lawmakers fail to agree on the bill by the end of the June 5 regular session. Funding is also not a sure thing.
The bill follows the Oakland Athletics’ purchase of land at the south end of the Las Vegas Strip, where the Tropicana Las Vegas casino is located – a pivot of an earlier deal that would have required a price $500 million higher than many lawmakers reported was too high. The joint statement did not give a specific figure for the amount of public assistance the A’s will seek.
The project includes the most private investment of any Major League Baseball stadium, Nevada State Treasurer Zach Conine said in the statement.
“I am delighted that we have finally received the A’s proposal and are currently considering it,” Democratic State Assembly Speaker Steve Yeager said in the statement. “As I have continually stated throughout this process, no commitment will be made until we have evaluated the formal proposal and received feedback from interested parties, including affected community members.”
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The A’s have been looking for years for a home to replace the Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. They had sought to build a stadium in Fremont and San Jose before turning their attention to the Oakland waterfront.
Las Vegas would be the fourth home of a franchise that began as the Philadelphia Athletics from 1901 to 1954. It would become Major League Baseball’s smallest television market and the smallest market to house three major professional sports franchises. The team and the city hope to attract the approximately 40 million tourists who visit Las Vegas each year to help fill the stadium.
Earlier this month, the A’s reached a deal with the Culinary Union, Nevada’s politically most powerful union that represents more than 60,000 workers in the Las Vegas area, which ensures that A’s workers have the right to organize and negotiate union contracts.
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