Lawyer From Sacramento Good With Vegas A’s Stadium Details: Reviews Las Vegas Stadium Board Meeting To Find A’s Want Permission to Play As Many As Seven Games Away From Vegas Stadium
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By Alan Snel, LVSportsBiz.com Publisher-Writer
Lawyer Jeremy Koo of Sacramento, California is careful with details.
That’s why Koo reviewed the video of a May 16 Las Vegas Stadium Authority Board meeting and realized that the A’s are seeking to have the right to play six or seven home games away from the planned $1.5 billion stadium that is proposed for the Strip at Las Vegas Boulevard and Tropicana Avenue.
So, the number is not eight A’s home games away from Las Vegas. But as Koo pointed out in a letter to the stadium board Thursday, he pointed out, “This does not detract from my overall points that:”
Koo pointed out in his letter to the stadium board, “Given this legislative history, granting the A’s an option to relocate six or seven home games away from Vegas every year, the equivalent of relocating 2 or 2 1/2 home seasons of baseball over the 30-year term of the non-relocation agreement, without obtaining compensation of forgone tax revenue for exercise of that option over-and-above the typical MLB practice, would be a betrayal of the trust the Legislature has bestowed on the board to negotiate the agreement.”
Under a state law passed in 2023, the A’s are receiving $380 million in government public aid as part of the $1.5 billion stadium funding.
That $380 million includes $120 million in Clark County bonds. The county is supposed to pay off the bonds’ interest and principal through a “TIF” district that will charge a fee on stadium-related items purchased in the nine-acre footprint that is part of the overall 35-acre site at the former Tropicana hotel location. But less games at the A’s stadium in Vegas would mean less district-generated revenues to help pay off the county bonds.
The A’ want to open the stadium for the 2028 MLB season and A’s owner John Fisher says he and his family have enough money to pay for the 33,000-seat domed stadium.
Here is some reaction:
