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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.
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