LAS VEGAS (AP) — Athletics owner John Fisher and his family will invest $1 billion into the construction of a stadium in Las Vegas and U.S. Bank and Goldman Sachs will offer a $300 million loan, club executive Sandy Dean said Thursday.
Dean made his remarks to a special meeting of the Las Vegas Stadium Authority board.
Dean said four letters will be presented at the Dec. 5 authority meeting asserting construction details and financing will be in place. Final approvals are expected to be made at that meeting to allow construction of the $1.5 billion, 33,000-seat domed ballpark.
“We feel like we're on the right path and it will become clearer in the months ahead,” Dean told the board.
Construction is expected to begin in the spring with a targeted opening before the 2028 season. As much as $380 million in public funding will go into building the stadium, which will be on the Las Vegas Strip on the site of where the recently demolished Tropicana stood.
The A's will play at least the next three seasons in West Sacramento, California.
They played their last of 57 seasons in Oakland, California this year.
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AP MLB: https://apnews.com/hub/MLB
Mark Anderson, The Associated Press
