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Athletics Enlists Investment Firm to Secure Additional $500 Million for Las Vegas Stadium: Source

The Oakland Athletics plan to build a $1.5 billion stadium in Las Vegas, with about $500 million of the financing sought from an investment firm, Galatioto Sports Partners. Nevada taxpayers are responsible for $380 million of the financing, and the stadium is expected to open in 2028, a year later than originally planned. The company’s investors would have a minority stake in the franchise, and the stadium will seat 33,000 fans with an 18,000-square-foot video board.

To accommodate construction of the stadium, the A’s will play in Sacramento from 2025 to 2027, near the home of the San Francisco Giants’ Triple-A affiliate. The new stadium will be built on nine hectares of a 35 hectare site owned by Bally’s. at Tropicana Avenue and Las Vegas Boulevard, with plans for 2,500 parking spaces and nearby garages for fans to use. The franchise was criticized for the move, with even the mayor of Las Vegas expressing doubts about the team’s plans and suggesting they need to find a way to stay in Oakland.

In their final season in the Bay Area, the A’s have shown improvement with a 13-17 record, compared to a 6-24 record in 30 games last year. The stadium will be located in a prime location, where the Tropicana resort will be demolished to make way for the new facility. This move marks a significant transition for the franchise as they look to establish a new home in Las Vegas and build a state-of-the-art stadium for their fans to enjoy.

Despite some challenges and criticism, the A’s are moving ahead with their plans to build the Las Vegas Stadium, with the goal of creating a modern venue for their games. The investment company involved in securing financing for the project has experience working with other major sports teams, and the A’s aim to complete the stadium in 2028. As the team prepares for their move, they are focused on ensuring a smooth transition for players and players. fans as they look forward to a new era in Las Vegas.