Athletics, Nevada legislative leadership reach tentative agreement for new ballpark - MLB

CARSON CITY, Nev. — Republican Nevada Gov. Joe Lombardo announced a tentative agreement between his office, legislative leaders in the state and the Oakland Athletics for a stadium funding plan after weeks of negotiations over how much public assistance the state will contribute to a $1.5 billion ballpark in Las Vegas, according to a joint statement.

The tentative agreement indicates a funding bill will be introduced in the Nevada Legislature in the coming days with less than two weeks until the legislative session’s end. It still needs approval from both the state Senate and Assembly.

The threat of a special legislative session looms if lawmakers can’t agree on the bill by the end of the regular session on June 5. The financing is not a sure thing either.

The bill comes on the heels of the Oakland Athletics’ purchase of land on the southern end of the Las Vegas Strip where the Tropicana Las Vegas casino resort sits – a pivot from an earlier agreement that would have required a heftier $500 million price tag that many lawmakers signaled was too high. The joint statement did not give a specific number for the amount of public assistance the A’s will ask for.

The project includes the most private investment of any stadium in Major League Baseball, Nevada state treasurer Zach Conine said in the release.

“I am excited that we have finally received the A’s proposal and we are currently reviewing it,” Democratic state Assembly Speaker Steve Yeager said in the release. “As I have continuously said throughout this process, no commitment will be made until we have both evaluated the official proposal and received input from interested parties, including impacted community members.”

The A’s have been looking for years for a home to replace Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. They had sought to build a stadium in Fremont and San Jose before shifting their attention to the Oakland waterfront.

Las Vegas would be the fourth home for a franchise that started as the Philadelphia Athletics from 1901-54. It would become the smallest TV market in Major League Baseball and the smallest market to be home to three major professional sports franchises. The team and the city are hoping to draw from the nearly 40 million tourists who visit Las Vegas annually to help fill the stadium.

Earlier this month, the A’s reached a deal with the Culinary Union, Nevada’s most politically powerful union that represents more than 60,000 workers in the Las Vegas area, which guarantees that A’s workers have the right to organize and negotiate union contracts.

CARSON CITY, Nev. — A bill introduced 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.

The Athletics have agreed to use land on the southern end of the Las Vegas Strip, where the Tropicana Las Vegas casino resort sits. Oakland Mayor Sheng Thao has said he is disappointed the team didn’t negotiate with Oakland as a “true partner.”

The team and Las Vegas are hoping to draw from the nearly 40 million tourists who visit the city annually to help fill the stadium. The 30,000-seat capacity would make it the smallest MLB stadium.

MLB Commissioner Rob Manfred said a vote on the Oakland Athletics’ prospective move to Las Vegas could take place when owners meet June 13-15 in New York.

The plan faces an uncertain path in the Nevada Legislature. Democratic leaders said financing bills, including for the A’s, may not go through if Republican Gov. Joe Lombardo vetoes the five budget bills, which he has threatened to do as many of his priorities have stalled or faded in the Democratic-controlled Legislature.

Under the bill, the Clark County Board of Commissioners would create a homelessness prevention and assistance fund along the stadium’s area in coordination with MLB and the Nevada Resort Association. There, they would manage funds for services, including emergency rental and utility assistance, job training, rehabilitation and counseling services for people experiencing or at risk of homelessness.

The lease agreement with the Las Vegas Stadium Authority would be up for renewal after 30 years.

Nevada’s legislative leadership is reviewing the proposal, Democratic state Assembly Speaker Steve Yeager said in a statement.

“No commitment will be made until we have both evaluated the official proposal and received input from interested parties, including impacted community members,” Yeager said.