Like many visitors to Las Vegas, the Oakland Athletics They are said to change plans after re-evaluating their financial circumstances.
The club has reached a new agreement with casino operator Bally’s Corporation to build a $1.5 billion stadium on the current site of the Tropicana Las Vegas casino, According to the Nevada Independent.
The deal will reportedly see Bally demolish the Tropicana and allow the A’s to build a 35,000-seat retractable roof stadium on nine acres of the 34-acre site located on the Las Vegas Strip. Meanwhile, Bally’s will build a new 1,500-room hotel and casino on the other side of the stadium, separate from the stadium.
As reported, the agreement would reportedly be spoiled The “binding” agreement announced three weeks agoas the club was to purchase 49 acres of land near the Strip from Red Rock Resorts.
Tropicana Las Vegas has been an institution on the Strip since it opened in 1957, with appearances by the Rat Pack and scenes shot in “Diamonds are Forever” and “The Godfather,” but has fallen on hard times lately. It was sold to Bally’s last year for $148 million, while Penn National Gaming still owns the land and leases it through a subsidiary.
It may not have been how Rob Manfred wanted MLB to demolish something with “Tropicana” in its name, but he’d probably take anything at this point if it meant a new top-flight stadium.
Why would the A’s change course with Las Vegas?
The original Red Rocks deal Like the death knell for the club’s chance of survival in Auckland, but seems to have its own problems. Most notably, the A-Team struggled to get a motion before the Nevada legislature to approve a tax bill that would have given the A-team a $500 million tax break.
The team is still facing the clock, as the legislative session is scheduled to end on June 5.
Apparently, the A’s have struggled enough to find the legislative support they are They reportedly began contacting their backup pitches to find a more palatable deal. The Tropicana location was one such location, as was the Rio Hotel and Casino.
This new deal will reportedly see the $500 million tax bill reduced to $395 million. It also reportedly means that the A’s no longer plans to attempt to build an entertainment district around its new stadium, an idea that has become increasingly popular among sports teams that want to take advantage of off-field areas.
While the location and scope of plans for the athletics stadium change, their schedule reportedly still puts them in 2024 with a planned opening date of 2027, or 2028 if the construction schedule changes.