A's Las Vegas Stadium Cost Soars to $1.75B as Fisher Increases Private Investment
The projected cost for the Oakland Athletics' Las Vegas stadium has increased by $250 million to $1.75 billion, with team owner John Fisher committing to cover over $1 billion of the expenses personally.
The new cost breakdown includes:
- $1.45 billion in hard costs
- $52 million for financing
- $248 million for soft costs and other expenses
Man displaying disapproving facial expression
The Las Vegas Stadium Authority board meeting on Thursday will reveal key financial documents, including:
- Fisher's commitment letter for $1.07 billion (increased from initial $820 million)
- U.S. Bank verification of Fisher family's financial capability
- $300 million loan commitment from Goldman Sachs and U.S. Bank
- Athletics StadCo confirmation of sufficient funding
Public funding remains capped at $380 million, with the project planning to use $350 million. Any cost overruns will be the team's responsibility.
Key agreement updates include:
- Revised nonrelocation agreement limiting away games to four per season (down from seven)
- Updated development and lease agreements
- Nine acres of the former Tropicana site provided free by Bally's and Gaming & Leisure Properties Inc.
The Stadium Authority board is expected to approve these documents as adequate financial security, marking a significant step forward in the A's relocation to Las Vegas.
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