According to Mick Akers of Las Vegas Review Magazine on Twitterwho added that there will be enough time to finalize the deal in the current legislative session.
Timing is important on several fronts. The current Nevada legislative session will end on June 5, and there will be no even-year session, meaning there won’t be another opportunity for A’s to apply until early 2025, after the 2024 election. Under the terms of a recent collective bargaining agreement between the Major League Baseball League and the MLBPA, Athletics has until January 15, 2024, to contract for the construction of a new facility to maintain its status as a new facility. revenue sharing recipient.
that is report Last month, the club agreed to buy 49 acres of land west of the Las Vegas Strip, though later report said the club had moved to the location of the Tropicana hotel on the Strip. That hotel is owned by Bally’s Corporation, on land leased from Gaming and Leisure Properties Inc. The former plan would involve claiming $500 million in county-issued bonds but the latter involves a lower claim of $395 million.
Akers’ report provided some details on the latter plan, pointing out that Bally’s and Gaming and Leisure Properties Inc. will give nine acres of land to A’s. Akers talks to Bally’s Corp President Soo Kim. in this section, who estimated that the land on the Strip was worth about $20 million per acre, putting the total value of that land at about $180 million. Once the 30,000-seat stadium with a retractable roof is completed, Team A will contribute land to the Las Vegas Stadium Authority, following the same route as Raiders and Allegiant Stadium. Bally’s plans to build a new casino-hotel on the land left over after the stadium is completed, although it is yet to be determined whether Tropicana will close completely during construction or remain open when construction is complete. work is completed in stages.
Person A now has about three weeks to submit their proposal and get it approved before the legislative session ends. Whether they succeed in that regard remains to be seen.
