Fastball

Oakland Athletics Reportedly Resolve Money Issues in Las Vegas Plan

After hearing on Monday that a significant financial gap existed in funding between the Oakland Athletics and the state of Nevada, as well as Clark County, the financial issues have reportedly been solved.

Brady Farkas

Oakland Athletics Reportedly Resolve Money Issues in Las Vegas Plan
Oakland Athletics Reportedly Resolve Money Issues in Las Vegas Plan /
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The Oakland Athletics to Las Vegas plan has taken another twist and turn.

The A's and the state of Nevada, as well as Clark County, reportedly have come to a financial agreement on a ballpark site.

After hearing on Monday that the funding and payment was an issue, it's allegedly been resolved.

The MLBTradeRumors article above does a great job of explaining the financial commitment involved:

The agreed-upon deal includes a total of around $380MM in public money heading to the project. That is composed of $180MM from the state in transferable tax credits, with $90MM to be repaid over time from stadium revenues. Then there’s $120-125MM coming from Clark County in the form of bonds and another $25MM for infrastructure improvements. There will also be a 30-year property tax exemption issued by the county, which has an estimated value of $55MM.

The article also correctly says there are still other hoops to go through, but they seem easy enough to get past. The legislature needs to have the plan presented to it, the governor needs to sign off, and Major League Baseball needs to OK it as well.

The Athletics have said the goal is to be playing in Las Vegas by 2027. It's unsure whether or not this ballpark could be ready for play by then, or when exact building would start, but the A's certainly appear serious about making this happen.

At 10-39, the Athletics are the worst team in baseball. They will take on the Mariners tonight at 9:40 p.m. ET.

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Brady Farkas
BRADY FARKAS

Brady Farkas is a baseball writer for Fastball on Sports Illustrated/FanNation and the host of 'The Payoff Pitch' podcast which can be found on Apple Podcasts and Spotify. Videos on baseball also posted to YouTube. Brady has spent nearly a decade in sports talk radio and is a graduate of Oswego State University. You can follow him on Twitter @WDEVRadioBrady. 

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