(Carson City) Nevada Republican Governor Joe Lombardo announced Wednesday that he has reached an interim agreement between his office, state leaders and the Oakland Athletics to fund a new stadium.
This announcement comes a few weeks after the parties negotiated the share that the US state should absorb for the construction of a $1.5 billion stadium in Las Vegas, according to a joint press release.
The tentative agreement specifies that a funding proposal will be submitted to the Nevada Legislature in the coming days, just under two weeks from the end of the legislative session. This agreement must still receive approval from the State Senate and the Legislature.
The threat of a special session if lawmakers fail to pass the deal by the end of the June 5 parliamentary session is very real. And the financial package is not yet confirmed.
Governor Lombardo’s announcement came shortly after the Oakland Athletics announced that they had purchased land just south of the legendary Las Vegas Strip, where the Tropicana betting complex is currently located. This announcement broke the impasse, after many legislators admitted that the 500 million note linked to the purchase of land was too high for the State. The joint statement did not specify the amount of public funds that were required by the A’s for a deal to come to fruition.
However, no other major league stadium has been funded by so many private funds, Nevada State Treasurer Zach Conine said in the statement.
The A’s had been looking for a new home for years to replace the Oakland Coliseum, where the team had been established since moving from Kansas City before the 1968 season. They had hoped to erect a new stadium in Fremont, then San Jose, before considering the Beira -sea of Oakland.
Las Vegas would become the fourth home of the franchise that called itself the Philadelphia Athletics from 1901 to 1954. The gaming capital of America would also become the smallest major league television market and the smallest market to host franchises from three of the North’s top professionals. -Americans. sports circuits.
The team and the city hope to be able to sell out this new stadium thanks to the 40 million tourists that visit Las Vegas each year.