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A’s enter binding agreement to buy Las Vegas ballpark site


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Once the politicos in Nevada sign off on this, its a done deal basically, so hopefully by sometime this summer if not sooner, we should have a real resolution to the A's finally.

Oakland is a fucking dump so they deserve to lose all their teams, its a shit hole anyway.

Their local leaders dont really give a fuck and have made it nearly impossible for the A's to stay there, thwarting effort after effort to stay.  

Now let's get the Tampa situation resolved and we can press forward with expansion.

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1 hour ago, SilverBullet said:

Good for them. I'd hate for them to leave Oakland but it's been far too long so I don't think Oakland really wants to keep them that badly.

1 minute ago, Das Texan said:

Once the politicos in Nevada sign off on this, its a done deal basically, so hopefully by sometime this summer if not sooner, we should have a real resolution to the A's finally.

Oakland is a fucking dump so they deserve to lose all their teams, its a shit hole anyway.

Their local leaders dont really give a fuck and have made it nearly impossible for the A's to stay there, thwarting effort after effort to stay.  

Now let's get the Tampa situation resolved and we can press forward with expansion.

 

Yeah, at least publicly, the A's have put out several plans and renderings at several different sites, and they've all been squashed for various reasons.  Clearly Oakland doesn't want to keep their last professional team....

 

This move also takes Vegas off the table for an expansion team.  Right now it seems somehow the Rays may stay in TB (which I wouldn't have predicted).

That leaves Nashville, Montreal, Portland, Vancouver, and maybe Charlotte as likely locations......Salt Lake also had a group recently appear.

Since they'll have to add at least 2 teams for it to be even, I think Nashville and Montreal get the two slots.  Though I do see a desire to add a team closer to Seattle.

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  • 3 weeks later...

https://www.mlbtraderumors.com/2023/05/as-change-target-site-for-stadium-in-las-vegas.html

The A's have apparently now picked a different Vegas site that they think will have a better chance of getting done.

 

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The A’s plans for a stadium proposal in Las Vegas have changed. According to reports from both Mick Akers of the Review-Journal and Howard Stutz of the Nevada Independent, the A’s have entered into a new land agreement for the construction of a stadium at the current site of the Tropicana hotel on the Vegas Strip.

Initially, the organization had been focused on a site just west of the Strip. They even announced a land deal last month, but the Nevada Independent reported yesterday the franchise was looking into alternatives due to concerns about the extent of the public funding for their previous plan. They’ve quickly settled on a new location and are moving on from the land they’d planned to build on a few weeks ago.

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The A’s had been set to propose a plan that called for $500MM in public funding via county-issued bonds to be paid by tax dollars related to the stadium project. Both the Nevada Independent and Review-Journal report that the team’s public funding ask for the new site will be $395MM. The hope is that by reducing their ask on public funding by $105MM, their proposal will be more palatable whenever it’s formally put in front of the Nevada legislature.

 

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Latest on the A's Vegas site:

 

https://www.mlbtraderumors.com/2023/05/as-likely-to-file-funding-request-with-nevada-legislature-this-week.html

 

The Athletics are continuing to pursue their potential relocation to Las Vegas and will likely be filing their funding bill with the Nevada Legislature in the coming week, per Mick Akers of the Las Vegas Review-Journal on Twitter, who adds that there will be enough time to get the deal done during the current legislative session.

The timing is significant on a couple of fronts. The current Nevada legislative session adjourns on June 5 and there’s no even year session, meaning there won’t be another chance for the A’s to file until early 2025, after the 2024 election. Under the terms of the recent collective bargaining agreement between Major League Baseball and the MLBPA, the Athletics have until January 15 of 2024 to sign a contract for the construction of a new facility in order to retain their status as revenue sharing recipients.

It was reported last month that the club had agreed to purchase 49 acres of land west of the Las Vegas Strip, though a later report indicated the club had pivoted to the site of the Tropicana hotel on the Strip. That hotel is owned by Bally’s Corporation, on land leased from Gaming and Leisure Properties Inc. The former plan would have involved asking for $500MM in county-issue bonds but the latter plan involves a lesser ask of $395MM.

Akers’ report provides some details on the latter plan, indicating that Bally’s and Gaming and Leisure Properties Inc. will be giving nine acres of the land to the A’s. Akers speaks with Bally’s Corp. Chairman Soo Kim in the piece, who estimates that land on the Strip is worth about $20MM per acre, making the total value of that land around $180MM. Once the 30,000-seat stadium with retractable roof is completed, the A’s would contribute the land to the Las Vegas Stadium Authority, following a similar path to the Raiders and Allegiant Stadium.

 

More at the link above.

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  • 2 weeks later...

https://www.mlbtraderumors.com/2023/05/athletics-reach-tentative-stadium-funding-deal-with-nevada-lawmakers.html
 

The Athletics and lawmakers in Nevada have reached a tentative agreement on a stadium funding structure, per reports from both Mick Akers and Steve Sebelius of the Las Vegas Review-Journal and Tabitha Mueller and Howard Stutz of the Nevada Independent.

….

Per both reports, the agreed-upon deal includes a total of around $380MM in public money heading to the project. That is composed of $180MM from the state in transferable tax credits, with $90MM to be repaid over time from stadium revenues. Then there’s $120-125MM coming from Clark County in the form of bonds and another $25MM for infrastructure improvements. There will also be a 30-year property tax exemption issued by the county, which has an estimated value of $55MM.

—-

Nevada governor Joe Lombardo has given his stamp of approval, formally announcing the tentative agreement in a press release (Twitter link via Akers).

The agreement will be introduced in Nevada Legislature “in the coming days to be publicly debated and considered,” per the press release.

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So let me get this straight......They've been trying to get a new park for .....however long now......and then they're getting one....and they make the seating bowl look basically the same as the dump they're leaving, complete with massive foul territory??

 

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