LAS VEGAS (AP) — The owner of the Athletics, John Fisher, along with his family, has announced a significant commitment of $1 billion for the development of a stadium in Las Vegas. Additionally, U.S. Bank and Goldman Sachs have agreed to provide a loan of $300 million, as confirmed by club executive Sandy Dean during a recent event.
During a special meeting of the Las Vegas Stadium Authority board, Dean indicated that key documents will be submitted at the upcoming authority meeting on December 5. These documents will detail the construction plans and financing arrangements, with the expectation that final approvals will be granted at that time. This will pave the way for the $1.5 billion project, which aims to create a state-of-the-art domed ballpark with a seating capacity of 33,000.
Dean expressed optimism about the project, stating, “We feel like we’re on the right path and it will become clearer in the months ahead.” He emphasized that construction is slated to commence in the spring, with hopes of having the stadium ready for the start of the 2028 season.
Public funding is expected to contribute approximately $380 million towards the construction costs of the stadium, which will be strategically located on the Las Vegas Strip, on the former site of the recently demolished Tropicana.
In the interim, the Athletics will continue to play their home games in West Sacramento, California, for at least the next three seasons. This follows the conclusion of their 57-year tenure in Oakland, California, which wrapped up this year.
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