On June 1, 2021, Nevada Governor Steve Sisolak signed a bill that will provide $750 million in public funding for the construction of a new stadium for the Oakland Athletics baseball team in Las Vegas. This move marks a major milestone in Las Vegas’ efforts to become a global sports destination, as the A’s are the first Major League Baseball (MLB) team to call the city home.
The new stadium, which is expected to be completed by 2023, will be located near the Las Vegas Strip and will feature a retractable roof and seating for up to 40,000 fans. The stadium will also include a variety of amenities, including restaurants, retail stores, and a club level. The A’s are expected to play 81 home games each season at the stadium, with the possibility of hosting other events such as concerts and conventions.
The move is seen as a major boost for Las Vegas’ economy, as it is estimated that the stadium will generate more than $2 billion in economic activity over the next 30 years. The new stadium is expected to create thousands of jobs in the area, both directly and indirectly. Additionally, it is estimated that the stadium will generate more than $50 million in annual tax revenue for the state of Nevada.
The signing of this bill is also seen as a major victory for the A’s organization, which has been searching for a new home for several years. The team has been playing in Oakland since 1968, but had been unable to secure a new stadium in the Bay Area due to a lack of available land and political opposition. With the signing of this bill, the A’s will now have a modern facility that can accommodate their growing fan base and provide them with a competitive advantage over other teams in the league.
The signing of this bill is yet another example of Las Vegas’ commitment to becoming a major player in the global sports landscape. The city has already hosted several major sporting events in recent years, including the NFL Draft and the NHL All-Star Game. With the addition of the A’s, Las Vegas is now set to become one of the most popular destinations for sports fans around the world.
Overall, the signing of this bill is a major win for both Las Vegas and the A’s organization. It is expected to bring significant economic benefits to the city and provide the A’s with a modern facility that can accommodate their growing fan base. With this move, Las Vegas has taken another step towards becoming one of the world’s premier sports destinations.
