After months of negotiations, the Oakland Athletics have reportedly secured a location to build their baseball stadium in Las Vegas. According to Howard Stutz of The Nevada Independent, the team and Bally’s Corporation have agreed to build a $1.5 billion stadium on a portion of the Tropicana hotel site near the southern end of the Las Vegas Strip. This agreement is a major milestone for the A’s as they plan their move from Oakland, where they have resided since 1968.
As part of the deal, Bally’s plans to demolish the Tropicana, freeing up 9 acres of the 34-acre plot of land for the 35,000-seat stadium. The new stadium will have a retractable roof and is expected to reduce public funding for the project from $500 million to $395 million.
The A’s had previously reached a binding purchase agreement for land in Las Vegas in April, while still negotiating with Oakland for a new stadium. However, the team has since shifted its focus to Las Vegas, with support from MLB commissioner Rob Manfred.
While the A’s struggle on the field with an 8-28 record and being outscored by 128 runs this season, the team has taken significant steps towards securing their future in Las Vegas. As part of the deal, the A’s will be able to avoid paying land acquisition costs thanks to Bally’s lease agreement with real estate investment trust Gaming and Leisure Properties. Bally’s currently pays an annual rent of $10.5 million to Gaming and Leisure.
The move to Las Vegas is expected to be completed by 2027, with the new stadium ready for the A’s to call home. The team has been exploring multiple potential sites, including one north of Allegiant Stadium where the Las Vegas Raiders play. However, the Tropicana location appears to be the team’s primary focus after the agreement with Bally’s.