LAS VEGAS — John Fisher, the owner of the Athletics, along with his family, is set to contribute a substantial $1 billion towards the development of a new stadium in Las Vegas. Additionally, a $300 million loan will be provided by U.S. Bank and Goldman Sachs, as disclosed by club executive Sandy Dean during a recent special meeting of the Las Vegas Stadium Authority board.

During the meeting, Dean announced that four letters will be submitted at the upcoming authority meeting scheduled for December 5, detailing the construction plans and financing arrangements. This meeting is anticipated to culminate in the final approvals necessary for the establishment of a new domed ballpark, which is projected to cost a total of $1.5 billion and accommodate 33,000 spectators.

Dean expressed optimism about the ongoing process, stating, “We feel like we’re on the right path and it will become clearer in the months ahead.” With construction expected to kick off in the spring, the goal is to have the stadium completed in time for the 2028 season. The project will also benefit from public funding, estimated at around $380 million, and is slated to be located on the Las Vegas Strip, occupying the site where the Tropicana once stood before its demolition.

In terms of immediate plans, the Athletics will continue to play their home games in West Sacramento, California for the next three seasons. This follows the conclusion of their long-standing tenure in Oakland, California, where they wrapped up 57 seasons this past year.