A's Las Vegas Stadium Cost Soars to $1.75B as Fisher Increases Private Investment
The proposed Las Vegas A's stadium cost has increased by $250 million to $1.75 billion, with team owner John Fisher committing to invest over $1 billion in personal funds. The increase is attributed to inflation and new stadium features.
The updated cost breakdown includes:
- Hard costs: $1.45 billion
- Financing costs: $52 million
- Soft costs & other: $248 million
Fisher's personal commitment has increased from $820 million to $1.07 billion to accommodate the higher costs. Key financial documents to be presented at the Las Vegas Stadium Authority board meeting include:
- Fisher's commitment letter for $1.07 billion
- U.S. Bank verification of Fisher family resources
- $300 million loan commitment from Goldman Sachs and U.S. Bank
- Athletics StadCo confirmation of sufficient funding
Man displaying disapproving facial expression
Public funding remains capped at $380 million, with current projections using $350 million. Any cost overruns will be the team's responsibility.
The revised agreements include:
- Maximum of four home games allowed away from the stadium per season
- Updated nonrelocation, development, and lease agreements
- Nine acres of the former Tropicana site provided by Bally's and Gaming & Leisure Properties Inc.
The Stadium Authority board is expected to approve these documents as adequate financial security, marking a significant step forward in the A's relocation to Las Vegas.
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