New bill to build Oakland Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
The Oakland Athletics are asking Nevada for $380 million for a 30,000 seat, $1.5 billion retractable roof stadium on the Las Vegas Strip
CARSON CITY, Nev. (AP) — A bill introduced late Friday in the Nevada Legislature would give the Oakland Athletics up to $380 million for a potential 30,000 seat, $1.5 billion retractable roof stadium on the Las Vegas Strip.
The bulk of the public funding would come from $180 million in transferable tax credits from the state and $120 million in county bonds, which can vary based on interest rate returns. Clark County also would contribute $25 million in credit toward infrastructure costs.
The A’s have been looking for a home to replace Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. The team had sought to build a stadium in Fremont, San Jose and finally the Oakland waterfront, all ideas that never materialized.
The plan in the Nevada Legislature won't directly raise taxes. It can move forward with a simply majority vote in the Senate and Assembly. Lawmakers have a little more than a week to consider the proposal before they adjourn June 5, though it could be voted on if a special session is called.
