Tag: Vegas baseball stadium
Las Vegas MLB Stadium in Jeopardy
The new Las Vegas MLB Stadium may be in jeopardy due to concerns over investors and financing. Plus, we have an update on what’s being said about the Tropicana Las Vegas implosion date this fall. We know the Tropicana is coming down, we just don’t know when, exactly. Although, there are some pretty good guesses out there… and we’ll discuss those in just a moment. But first, that new Las Vegas MLB Stadium they plan to build where the Tropicana is standing right now? There’s no money to pay for it! Like, none… at all. The $1.5 billion cost was…
Vegas Baseball Stadium Financing Issues
The MLB’s Oakland Athletics are supposed to be moving into a brand new Las Vegas baseball stadium in 2028. And while delays are not uncommon when it comes to construction on this scale, financial delays can lead to the complete failure of a project. And while there’s still a long way to go before that happens in this situation, that is the path we’re on. The Athletics finally unveiled details about the financing for the new Vegas baseball stadium during a meeting several weeks ago. Those details showed that they expect $350 million to be provided by Nevada tax payers,…
Bally’s Buyout Impact on Vegas Baseball Stadium
Bally Corporation, who purchased the Tropicana and agreed to provide land for the new Las Vegas baseball stadium, has agreed to a $4.6 billion buyout offer from their largest shareholder, Standard General. This massive move has some people asking if the change in leadership will have an impact on the deal already in place. A fair question. First, the buyout deal does include the recently closed Tropicana Las Vegas, which officially shut its doors on April 2nd. And while any future plans for a new resort remain clouded, the plans are in place to demolish the existing structures in an…
Vegas Baseball Stadium Could Save Monorail
The first step in getting a new Las Vegas baseball stadium built, and acquiring the team that goes with it, was accomplished when the Nevada Legislature approved the measure over a week ago. Now, we must wait to see what happens next with the approval of the move from Major League Baseball. First of all, if this deal happens it will mean an end to the Tropicana Las Vegas. That property sits on 35 prime acres of real estate on the Strip, and if you believe those in charge then the proposed ballpark would only need about 9 acres. The…
