The Oakland Athletics told the Las Vegas Stadium Authority this week that the club does not expect to spend the entirety of the $380 million in public money allocated for a planned stadium on the Las Vegas Strip.
According to CBS News, A's executive Sandy Dean announced Thursday that the team will leave about $30 million of the money on the table, and the club looking for lenders to finance $300 million of the stadium cost.
The Oakland Athletics told the Las Vegas Stadium Authority this week that the club does not expect to spend the entirety of the $380 million in public money allocated for a planned stadium on the Las Vegas Strip.
According to CBS News, A's executive Sandy Dean announced Thursday that the team will leave about $30 million of the money on the table, and the club looking for lenders to finance $300 million of the stadium cost.
"We've had strong interest from a number of companies that want to participate in that portion of the project," Dean said.
CBS reports that the additional $800 million needed to fund the $1.5 billion stadium will come from private equity.
The A's hope to open the 33,000-seat ballpark in time for the 2028 season, with the interim seasons after the current one being played in Sacramento.
