Robert Besser
31 May 2023, 21:31 GMT+10
LAS VEGAS, Nevada: A bill was introduced in the Nevada Legislature to provide the Oakland Athletics up to $380 million to build a 30,000-seat, $1.5 billion retractable roof stadium on the Las Vegas Strip.
Most of the public funding would come from $180 million in transferable tax credits from the state and $120 million in county bonds, and Clark County also would contribute $25 million in credit.
The Athletics have been looking to leave Oakland, California, and has previously sought to build a stadium in Fremont, California, as well as San Jose or the Oakland waterfront, but these plans did not work out.
Las Vegas would be the fourth home for a franchise that played baseball in Philadelphia from 1901-54.
The plan in the Nevada legislature will not directly raise taxes, and can progress 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 on 5th June, though it could also 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, on the site of the Tropicana Las Vegas casino resort.
Oakland Mayor Sheng Thao has said she is disappointed the Athletics did not negotiate with Oakland as a "true partner."
The team and Las Vegas hope to attract nearly 2.5 million tourists annually to help fill the 30,000-seat capacity stadium, which would be the smallest professional baseball stadium.
Meanwhile, Baseball Commissioner Rob Manfred said a vote on the Oakland Athletics' prospective move to Las Vegas could take place when owners meet on 13th to 15th June in New York.
However, in Nevada the bill could face difficult passing the legislature. Last week, Democratic leaders said financing bills, including for the team, may not go through if Republican Governor Joe Lombardo vetoes five budget bills, which he has threatened to do as many of his priorities have stalled or faded in the Democratic-controlled Legislature.
The lease agreement with the Las Vegas Stadium Authority would be up for renewal after 30 years.
Get a daily dose of Professional Autos news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.
More InformationNEW YORK, New York - There was a major bust on Wall Street on Tuesday as investors continued to fret ...
DETROIT, Michigan: This week, the United Auto Workers (UAW) expanded its members' strike to include dealers selling and servicing General ...
TOKYO, Japan: Toyota Motor (7203.T) is ramping up its production of electric vehicles (EVs) under both the Toyota and luxury ...
WASHINGTON D.C.: After consumer complaints of oil pump failures, the National Highway Traffic Safety Administration's (NHTSA) Office of Defects Investigation ...
NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, ...
WASHINGTON D.C.: In a small but rare reduction to its headcount, which has grown steadily since 2010, the US Federal ...
NINEVEH, Iraq - At least 100 people were killed and 150 were injured in a fire at a wedding celebration ...
Hyderabad (Telangana) [India], September 27 (ANI): The Military College of Electronics and Mechanical Engineering (MCEME) under the Army Training Command, ...
Itanagar (Arunachal Pradesh) [India], September 27 (ANI): Arunachal Pradesh Chief Minister Pema Khandu called on the Governor of Arunachal Pradesh ...
Chandigarh (Haryana) [India], September 26 (ANI): The Haryana Government on Tuesday raised the issue of equal distribution of water between ...
New Delhi [India], September 26 (ANI): The Delhi Government is tightening its grip on air pollution by intensifying its efforts ...
New Delhi [India], September 26 (ANI): A 35-member expert committee report on Joshimath landslide and subsidence issue has recommended a ...