John Fisher pledges $1 billion to construction of A's stadium in Las Vegas

Athletics executive Sandy Dean says club 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

Thursday 31 October 2024 17:05 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

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.

___

AP MLB: https://apnews.com/hub/MLB

Stay up to date with notifications from The Independent

Thank you for registering

John Fisher pledges $1 billion to construction of A's stadium in Las Vegas

Athletics executive Sandy Dean says club 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

John Fisher pledges $1 billion to construction of A's stadium in Las Vegas

Thank you for registering