Clark County commissioners are preparing to vote on establishing a tax district to help fund the new Athletics ballpark on the Las Vegas Strip. This Sports and Entertainment Improvement District would collect taxes generated by the stadium to repay bonds used to cover up to $380 million of the $1.75 billion project. The district will encompass only the 9 acres designated for the stadium, excluding the adjacent 26-acre site earmarked for a future resort by Bally’s Corp.
The county is committing $120 million in public funds and an additional $25 million for infrastructure around the stadium. The state is contributing $180 million via transferable tax credits approved by Senate Bill 1 in 2023. Once the bonds are paid off, the district will be dissolved, and tax revenue will revert to regular county and state channels.
The A’s have secured a 30-year non-relocation and lease agreement with the Las Vegas Stadium Authority, matching the bond payoff period. They aim to raise up to $550 million from investors, who would then acquire equity in the team. Multiple investors have shown interest, vetted by MLB.
If successful, the stadium’s financial plan will include contributions from A’s owner John Fisher’s family, investor contributions, public funding, and a construction loan from financial institutions. This setup mirrors the public funding model used for Allegiant Stadium, where a hotel room tax is repaying $750 million in bonds.
Construction is set to begin around June, with a projected completion date in time for the 2028 MLB Opening Day, following an estimated 33-month build period.