{"id":46249,"date":"2023-05-31T12:43:53","date_gmt":"2023-05-31T19:43:53","guid":{"rendered":"https:\/\/nevadanewsandviews.com\/?p=46249"},"modified":"2023-07-19T11:21:41","modified_gmt":"2023-07-19T18:21:41","slug":"nevada-rolls-out-plan-to-bring-oakland-as-to-vegas-with-up-to-375m-in-taxpayer-funds","status":"publish","type":"post","link":"http:\/\/nevadanewsandviews.com\/nevada-rolls-out-plan-to-bring-oakland-as-to-vegas-with-up-to-375m-in-taxpayer-funds\/","title":{"rendered":"Nevada rolls out plan to bring Oakland A’s to Vegas with up to $375M in taxpayer funds"},"content":{"rendered":"
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A person, reflected in glass, walks near the Tropicana Las Vegas, Tuesday, May 16, 2023, in Las Vegas. Nevada Gov. Joe Lombardo announced Wednesday, May 24, 2023, a tentative agreement between his office, legislative leaders in the state and the Oakland Athletics for a baseball stadium funding plan after weeks of negotiations over how much public assistance the state will contribute to a $1.5 billion ballpark in Las Vegas, according to a joint statement. The bill comes on the heels of the Athletics\u2019 purchase of land on the southern end of the Las Vegas Strip where the Tropicana Las Vegas casino resort sits.
AP Photo\/John Locher<\/p><\/div>\n

(Chris Woodward<\/em>) \u2013 Nevada officials announced an agreement to bring the Oakland A’s franchise to Las Vegas with a plan that includes hundreds of millions in taxpayer dollars.<\/p>\n

Republican Gov. Joe Lombardo said in a\u00a0news release<\/a><\/strong>\u00a0that negotiations have been going on for months between the state, Clark County, and the Oakland A\u2019s. According to the governor\u2019s office, the franchise would relocate to the Las Vegas strip in a publicly-owned, 30,000 seat stadium with a retractable roof at the corner of Las Vegas Boulevard and Tropicana Avenue.<\/p>\n

\u201cI believe it gives us a tremendous opportunity to continue building on the professional sports infrastructure of southern Nevada,\u201d\u00a0Lombardo said. \u201cLas Vegas is clearly a sports town, and Major League Baseball should be a part of it.\u201d<\/p>\n

The project, which will cost an estimated $1.5 billion to complete, would be paid for in part with “public financing constituting less than 25 percent of the cost,” according to the governor’s office. That would equate to up to $375 million in taxpayer funds.<\/p>\n

While some critics argue taxpayer-funded sports complexes aren’t a good use of public dollars, Democratic Nevada\u00a0Treasurer Zach Conine argued the agreement “minimizes the risk to Nevada taxpayers in the most fiscally responsible manner.”<\/p>\n

“I\u2019m also pleased that this project will leverage the most private investment of any baseball stadium in the country,” he added.<\/p>\n

Chris Douglas, professor of economics at University of Michigan-Flint, disagreed that the proposal would benefit Nevada taxpayers.<\/p>\n

\u201cA stadium that is closed for 88% of the year cannot support surrounding businesses that are open for 100% of the year,\u201d Douglas told The Center Square. \u201cA public\/private partnership of ‘only’ 25% of the total construction\u00a0cost still consists of $375 million in taxpayer dollars being used to construct something\u00a0that provides absolutely no benefit\u00a0to taxpayers.\u201d<\/p>\n

\u201cUsing taxpayer dollars to build\u00a0a baseball stadium is a complete waste of money and will only serve to increase\u00a0the A’s owner’s profits,\u201d he said. \u201cIf the A’s want to move to Vegas, then fine, but they should\u00a0pay for their own stadium just like any other business would pay for its own facilities.\u201d<\/p>\n

Lawmakers are drafting legislation to put the agreement before the Nevada Legislature.<\/p>\n

“I am excited that we have finally received the A\u2019s proposal and we are currently reviewing it,”\u00a0Assembly Speaker Steve Yeager, D-Las Vegas, said in a statement.\u00a0“As I have continuously said throughout this process, no commitment will be made until we have both evaluated the official proposal and received input from interested parties, including impacted community members. At the end of the day, any decision will be guided by what is best for Nevadans, our economy, and our communities.”<\/p>\n

\n

By<\/p>\n

Chris Woodward | The Center Square<\/p>\n","protected":false},"excerpt":{"rendered":"

(Chris Woodward) \u2013 Nevada officials announced an agreement to bring the Oakland A’s franchise to Las Vegas with a plan that includes hundreds of millions in taxpayer dollars. Republican Gov. Joe Lombardo said in a\u00a0news release\u00a0that negotiations have been going on for months between the state, Clark County, and the Oakland A\u2019s. According to the […]<\/p>\n","protected":false},"author":88912,"featured_media":46251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[748],"tags":[3466],"_links":{"self":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts\/46249"}],"collection":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/users\/88912"}],"replies":[{"embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/comments?post=46249"}],"version-history":[{"count":1,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts\/46249\/revisions"}],"predecessor-version":[{"id":46252,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/posts\/46249\/revisions\/46252"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/media\/46251"}],"wp:attachment":[{"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/media?parent=46249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/categories?post=46249"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/nevadanewsandviews.com\/wp-json\/wp\/v2\/tags?post=46249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}