Nevada’s Cost Capped at $380 Million for New Oakland Athletics Stadium on Las Vegas Strip Under New Bill

Nevada's Cost Capped at $380 Million for New Oakland Athletics Stadium on Las Vegas Strip Under New Bill

The Oakland Athletics, a Major League Baseball team, have been searching for a new stadium for years. Their current home, the Oakland Coliseum, is outdated and lacks the amenities that modern stadiums offer. The team has been exploring options in various cities, including Las Vegas. Recently, a new bill was introduced in Nevada that would cap the cost of a new stadium for the Athletics at $380 million if it were to be built on the Las Vegas Strip.

The bill, which was introduced by Nevada State Senator James Settelmeyer, would limit the amount of public funding that could be used to finance the stadium. The Athletics would be responsible for covering any costs that exceed the $380 million cap. This is a significant departure from many other stadium deals, where taxpayers are often on the hook for a large portion of the construction costs.

The proposed stadium would be located on a 63-acre site on the Las Vegas Strip, near the Mandalay Bay Resort and Casino. The site is currently owned by the University of Nevada, Las Vegas (UNLV), and would need to be leased or sold to the Athletics for the stadium to be built. The team has been in talks with UNLV about the site for several years.

The proposed stadium would be a state-of-the-art facility with a retractable roof and seating for up to 36,000 fans. It would also include restaurants, bars, and other amenities to enhance the fan experience. The stadium would be designed to host not only baseball games but also concerts and other events.

The Athletics have been exploring options for a new stadium for years. The team’s current home, the Oakland Coliseum, is one of the oldest stadiums in Major League Baseball and lacks many of the amenities that modern stadiums offer. The team has been in talks with various cities about a new stadium, including Portland, Oregon, and Montreal, Quebec. However, Las Vegas has emerged as a front-runner in recent years.

Las Vegas has a lot to offer the Athletics. The city is a major tourist destination, with millions of visitors each year. It also has a growing population and a strong economy. The city has already shown that it can support professional sports teams, with the success of the Vegas Golden Knights in the National Hockey League and the Las Vegas Raiders in the National Football League.

However, there are still some hurdles to overcome before a new stadium can be built in Las Vegas. The Athletics would need to secure financing for the project, either through private investors or public funding. They would also need to negotiate a lease or purchase agreement for the land with UNLV. Finally, they would need to gain approval from Major League Baseball to move the team to Las Vegas.

Overall, the proposed stadium on the Las Vegas Strip represents an exciting opportunity for the Oakland Athletics and for the city of Las Vegas. The $380 million cost cap ensures that taxpayers will not be on the hook for the majority of the construction costs, while the state-of-the-art facility would enhance the fan experience and bring more visitors to the city. While there are still hurdles to overcome, this bill represents a significant step forward in the effort to bring Major League Baseball to Las Vegas.

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