In a meeting with the Las Vegas Stadium Authority, Oakland Athletics executive Sandy Dean revealed that the team does not anticipate utilizing the full $380 million in public funds designated for constructing a new stadium in Las Vegas. Dean shared that the A’s intend to allocate $350 million of the funds, leaving $30 million unspent. Additionally, Dean mentioned that the club plans to finance $300 million of the stadium’s cost, but they have yet to secure any lenders.
Dean expressed that there has been considerable interest from various companies looking to participate in the project’s financing. The remaining $800 million required to complete the $1.5 billion stadium would come from private equity investments.
During the board meeting, discussions included a 30-year non-relocation agreement. A’s officials proposed the possibility of relocating up to seven games over two years, typically played in Las Vegas, to international venues or special U.S. sites like the Field of Dreams in Iowa. However, no more than four of these games would be moved out of Las Vegas in a single year.
The Athletics have set their sights on opening the 33,000-seat ballpark for the 2028 season. They outlined the financing strategy to complement the public funding approved by the Nevada Legislature and Governor Joe Lombardo in a special session held last June.
To assist in securing investors, the A’s have enlisted the services of New York-based Galatioto Sports Partners. This season marks the team’s final one in Oakland, following which they will play the subsequent three seasons, with a potential fourth, at a Triple-A stadium in West Sacramento, California, sharing the facility with the River Cats, the San Francisco Giants’ Triple-A affiliate.
