A's Las Vegas Stadium Cost Soars to $1.75B as Fisher Increases Private Investment
The projected cost for the Oakland A's Las Vegas stadium has increased by $250 million to $1.75 billion, with team owner John Fisher now committing $1.07 billion in personal finances for the project.
The cost increase is attributed to inflation and new stadium features, with hard costs estimated at $1.45 billion, financing costs at $52 million, and soft costs at $248 million.
Man displaying disapproving facial expression
Key documents to be presented at Thursday's Las Vegas Stadium Authority board meeting include:
- Fisher's $1.07 billion commitment letter
- U.S. Bank verification of Fisher family resources
- $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 current budget using $350 million. Any cost overruns will be the team's responsibility.
The Stadium Authority board is expected to approve these documents as "adequate financial security" and validate revised agreements, including a nonrelocation agreement limiting away games to four per season.
Bally's and Gaming & Leisure Properties Inc. have agreed to provide nine acres of the former Tropicana site, valued at $180 million, at no cost to the A's.
This development represents a significant milestone in the A's relocation to Las Vegas, with Fisher noting in his letter that this move "is the culmination of a sustained effort by our organization to develop a new state of the art stadium for our team and its fans."
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