![]() Sources indicated that legislative leaders and the governor were briefed on the plans for the stadium and seemed generally supportive. Clark County would also have to sign off on a new taxing district. ![]() The plan would be to pass a bill through the Legislature to create a funding mechanism, including a special taxation district covering the stadium site, which would allow for sales tax proceeds to be reinvested in the area, along with an allocation of transferable tax credits estimated to be worth around $500 million. The stadium, along with other aspects of the development, would have a total cost of $1.5 billion. The A's would have to purchase the land from Red Rock Resorts.Ī spokeswoman for the A's confirmed the deal to the Independent Wednesday evening, saying the team is buying 49 acres of the site. Joe Lombardo and top lawmakers in a deal that will not involve new taxes, multiple sources confirmed to The Nevada Independent on Wednesday.Īccording to sources who spoke on the condition of anonymity, the A’s will cover the costs for the 30,000-to-35,000-seat retractable-roof stadium to house the Major League Baseball franchise on a nearly 100-acre site near Tropicana Boulevard and Interstate 15. The Oakland A’s are closing in on a binding agreement to construct a $1 billion baseball stadium north of Allegiant Stadium with the support of Gov.
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