A’s Outline Stadium Budget Of $1.75 Billion In Stadium Board Meeting Documents That Include Fisher Letter Vouching Owner Has $1.1 Billion
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By Alan Snel, LVSportsBiz.com Publisher-Writer
LAS VEGAS, Nevada — John Fisher says in a letter to Las Vegas stadium officials that he’s good for $1.1 billion to build an A’s stadium on the Strip.
And he signed the letter, too.
The Fisher-signed letter vouching that he can build the A’s stadium with public money help from Nevada and Clark County was part of the documents included in the Las Vegas Stadium Authority Board agenda for Thursday’s 3 PM meeting.
The documents also included a $1.75 billion budget breakdown of how the stadium will be funded.
Public money includes $180 million in transferrable tax credits, $145 million from Clark County and $25 million in a county credit. The public money for the 30,000-seat domed A’s stadium at the old Tropicana hotel-casino site on the Strip was approved by the Nevada Legislature and Gov. Joe Lombardo in 2023.
The total stadium development costs is $1.75 billion, with the A’s believing the “hard costs” — or stadium construction costs — being $1.45 billion. It’s common for original stadium budget costs to increase as teams seek more amenities and inflation jacks up construction costs. The Raiders added items to their subsidized stadium and paid for them — like the A’s will for their baseball stadium.
There’s also a $300 million loan from U.S. Bank. The letter below:
With $1.4 billion at his disposal ($1.1 billion in equity and $300 million loan), Fisher never did explain why he simply didn’t use the money to build an open-air stadium on Oakland’s waterfront. Instead, he moved the team.
Thursday’s stadium meeting agenda is here. The A’s played their last game in Oakland in September after 57 years in the Bay area. The A’s will play in a minor league Triple-A stadium in Sacramento in 2025, 2026 and 2027 before aiming to open their new stadium on the Strip in 2028.
Fisher will pay for the first $100 million of the project.
