The Athletics' $2 billion Las Vegas ballpark is on track to be ready for the start of the MLB season in April 2028. The club and its development partner Bally's Corp. gave that timeline to the Las Vegas Stadium Authority, easing concern over how the project gets paid for.
Nick Tomasino, senior vice president of development at Bally's, said there had been challenges out of the gate but that the financing was close to being closed. Bally's presented an updated plan for the 35-acre site, now split into three phases. The stadium, a 1,500-space parking lot and utility networks make up the first. An elevated entry plaza with three-level parking, retail and entertainment space forms the second. A casino resort and further parking come in the third.
Financing
Bally's will keep funding the northwest plaza, the main stadium entrance from the Las Vegas Strip and Tropicana Avenue. 'Bally's confirmed that the financing is being assembled and that they will continue to build the plaza as originally planned,' said Sandy Dean, vice chairman of the Athletics.
Owner John Fisher is carrying most of the cost. The budget rose from an initial $1.75 billion to $2 billion in 2025. U.S. Bank and Goldman Sachs are lending the club $300 million. Of the $380 million in public money approved by the Nevada legislature in 2023, $350 million is still unused.
Minority stakes
The club also raised money through minority stakes. Harbinger Sports Partners, which includes Dallas Mavericks co-owner Mark Cuban, took a stake of undisclosed size. A South Korean group led by former MLB pitcher Chan Ho Park put in $70 million, with no stake disclosed.
Gaming and Leisure Properties, which directed $175 million to clearing the former Tropicana site, has another $125 million left in that commitment. Its president, Brandon Moore, raised the possibility of additional financing for site infrastructure.
