The Oakland A’s have landed on a proposed site in Las Vegas — but the deal is still pending until an agreement is reached on public funding.
The team struck a deal with Bally’s and Gaming & Leisure Properties Inc. on the Tropicana site, which is owned by GLPI and managed by Bally’s — an agreement which unravels a previous one with Red Rock on a 49-acre site.
Instead, the A’s plan to build a 30,000-seat stadium with a retractable roof on 9 acres of the 35-acre lot.
Bally’s has agreed to provide the land to the A’s for free, but said in a statement that it “retains the ability to assign the rights to all aspects of this development and has received material interest from development partners.”
Bally’s — which owns naming rights to the regional sports networks owned by Diamond Sports Group — will demolish the Tropicana and build a new hotel-casino next to the stadium. As part of the deal, GLPI will contribute $175 million “towards certain shared improvements within the future development in exchange for a commensurate rent increase.”
The deal is contingent on the team securing public funding from Nevada. Legislation for a $395 million funding package is expected to be filed this week. Nevada’s legislative session ends on June 5, and it is unclear if Gov. Joe Lombardo will call a special session if a deal fails to come together.
Bally’s estimates that the ballpark will bring 2.5 million fans annually, which would require the team to sell out every home game.
A's Strike Deal for Tropicana Site, Pending Public Funding - Front Office Sports
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