Las Vegas Athletics Stadium Hit With $250M Price Hike
We are nearing the 9th inning in the pre-construction work around the Las Vegas Athletics stadium on the former Tropicana land. Well, that $1.5 billion price tag that we were told to expect has been jacked up, and not by a little.
New documents from the Las Vegas Stadium Authority show that the Las Vegas A’s stadium project will be getting jacked up $250,000,000 to a whopping $1.75 billion. The price hike is due to two things: inflation (don’t we know it) and changes to the plans that will cause for extra expense. From suites to amenities, they want to make this relatively small ballpark (only 30,000 seats, 33,000 capacity) sleek.
Las Vegas Athletics Stadium Price Hike Won’t Be Coming From Taxpayers
Thankfully overages on the Las Vegas A’s stadium project do not fall on the public. While a mix of state and Clark County funding will be paying anywhere from $350-380 million, the remainder will be the responsibility of the Athletics baseball team ownership, namely John Fisher.
The Gap billionaire said he and his family are willing to throw up a little more than a billion, and they are looking at construction loans and potential equity investors to handle the rest. Although the full details still remain a bit murky and will hopefully be cleared up in the weeks to follow.
Essentially, the Fishers have the money to pay for it themselves. But will they actually, when push comes to shove, liquidate their stock in Gap to pay for the project? Time will tell. The LVCVA and Major League Baseball seems convinced it will all happen, but there are plenty of detractors.
If all goes according to plan, the Las Vegas A’s stadium will be open for opening day in 2028. Three years to make a ballpark. For perspective, the much larger Allegiant Stadium took around 40 months from shovel to completion, and that was designing it as they were constructing it.