A's Owner Seeks Funds for Vegas Ballpark as Tropicana Demolition Hits Snag

The Oakland Athletics' plan to build a new $1.5 billion stadium in Las Vegas by 2028 faces delays due to asbestos discovery at the Tropicana site. Team owner John Fisher seeks financial assistance, while demolition and legal challenges threaten the project's timeline.

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Salman Khan
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A's Owner Seeks Funds for Vegas Ballpark as Tropicana Demolition Hits Snag

A's Owner Seeks Funds for Vegas Ballpark as Tropicana Demolition Hits Snag

The Oakland Athletics' plan to build a new $1.5 billion, 33,000-seatballpark in Las Vegasby 2028 has hit a hurdle as team owner John Fisher seeks financial assistance for the project. The development comes as the demolition of the Tropicana Las Vegas casino resort, which closed on April 2 to make way for the stadium, faces delays due to the discovery of asbestos in the structure.

Bally's Corporation, the owner of the Tropicana, has requested the Clark County Board of Commissioners to keep the resort's gaming license active for at least two more years, despite the closure. The board will consider the request at their public meeting next Tuesday. The closure application asks for up to three years, including extensions, to clear the site and develop the stadium.

Demolition and site clearing must be completed by April 1, 2025, to allow the A's to begin construction on the ballpark. However, the discovery of asbestos in the Tropicana's two hotel towers has delayed the implosion process. The hazardous material needs to be safely removed before Clark County can issue a blasting permit. During a recent quarterly earnings call, Bally's CEO Robeson Reeves stated, "Having recently receiving receipt of the necessary permits, we're expect to demolish the Tropicana in October."

The Athletics approve from all 30 MLB team owners in November 2023 to relocate to Las Vegas, becoming the second MLB franchise to relocate in the last 52 years. The team's lease for Oakland Coliseum expires after the 2024 season, and they have agreed to purchase 49 acres of land near the Las Vegas Strip for the new stadium. However, legal challenges, including one from a Nevada teachers union regarding the use of public funds for the project, remain potential obstacles.

As the Oakland A's navigate the complexities of their relocation to Las Vegas, the fate of the Tropicana site and the team's new ballpark hangs in the balance. With demolition delays and the search for financial assistance, the path to opening the stadium by 2028 remains uncertain. The upcoming Clark County Board of Commissioners meeting and the resolution of legal challenges will play crucial roles in determining the future of this ambitious project.

Key Takeaways

  • Oakland Athletics' new $1.5B Las Vegas stadium faces financial hurdles.
  • Tropicana casino demolition delayed due to asbestos discovery.
  • Bally's seeks to keep Tropicana's gaming license active for 2+ years.
  • A's need to begin construction by April 1, 2025, to meet 2028 deadline.
  • Legal challenges, including public funding dispute, remain obstacles.