Vegas ballpark cost INCREASES to $1.75B & A’s owner writes pledge
Join channel, access perks ✅ http://brodie.bz/join
The Athletics and the Las Vegas Stadium Authority Board will meet on Thursday to run through three agreements that are up for approval, which “will set the terms of the A’s playing at the new ballpark, how the ballpark will be constructed, how many years the team will be tied to the ballpark, and what happens if it tries to exit Las Vegas before the initial lease term of 30 years.”
There will also be discussions about how the A’s plan to pay for their proposed Las Vegas ballpark, and the team is expected to provide four letters that show that they have the financing available for this project. One of the letters, as reported in the Las Vegas Review-Journal, will be from John Fisher, pledging $1 billion of his family’s equity toward the project.
Read More: https://www.si.com/mlb/athletics/relocation/is-the-a-s-proposed-ballpark-in-las-vegas-still-feasible-01je32ycgsvt
Yet, in a report from the Las Vegas Review-Journal, the price of the proposed ballpark just went up by a significant amount, with the project now expected to cost at least $1.75 billion, an increase of $250 million dollars.
The LVRJ says that the cost increase is due to inflation, and “the addition of 70,000 square feet of ballpark features. New elements added during the stadium’s design phase include more clubs and suites, upgraded general admission spaces and player amenities. The A’s Las Vegas ballpark will be the first in Major League Baseball to offer under-seat cooling.”
The way that the funding for this project shakes out inlcudes a $300 million loan from U.S. Bank and Goldman Sachs, plus the up to $380 million of public financing provided in SB 1, which was passed in June of last year. With Fisher’s $1 billion pledge, the grand total that has been cobbled together is $1.68 billion, which is still $70 million short of what the projected total for the project is.
*Subscribe now, get more* 📺 http://brodie.bz/YouTube
[[ *MY PLAYLISTS* ]]
San Jose Sharks: https://brodie.bz/sharks
San Francisco 49ers: https://brodie.bz/49ers
San Francisco Giants: https://brodie.bz/giants
Golden State Warriors: https://brodie.bz/warriors
Howard Terminal Ballpark: https://brodie.bz/HowardTerminal
Oakland Athletics: https://brodie.bz/athletics
[[ *MY OTHER CHANNELS* ]]
*BRODIE BRAZIL AVIATION* ✈️ http://brodie.bz/Aviation
*HOME STUDIO PRO* 🎥 http://brodie.bz/HomeStudio
📸 *Instagram* ➡️ http://brodie.bz/IG
🐦 *X /Twitter* ➡️ http://brodie.bz/X
👍 *Facebook* ➡️ http://brodie.bz/FB
*Support this channel* 🎉 https://brodie.bz/PayPal
#mlb #baseball #vegas
32 comments
Some other videos you might like:
NHL Players want Arizona Coyotes BACK
📺 https://youtu.be/CuZiNQbeUEQ
Oakland needs an MLB Task Force (starting now)
📺 https://youtu.be/_cGmW5lxjEE
Rays DEADLINE response: still "IN", but can't afford ballpark
📺 https://youtu.be/9UuGl6SZ0GE
FanDuel aiming to CHANGE MLB in 2025?
📺 https://youtu.be/ddz1_l_4naY
Macklin Celebrini vs. Connor Bedard: Unfair & unavoidable comparisons
📺 https://youtu.be/K9FnmLq1Vi4
Rays & A's have STRIKING similarities, right now
📺 https://youtu.be/KUSBaCvd76E
Cincinnati wants New Arena WITHOUT Major Sports Team
📺 https://youtu.be/CG1kr4ySrV4
INSANE changes to 2025 Rays home schedule
📺 https://youtu.be/8o_Zl-PjcV4
Blake Snell to Dodgers: Time for MLB Salary Cap?
📺 https://youtu.be/Dkf7hA9WWgk
Pirates fans begin "Sell The Team" Movement
📺 https://youtu.be/U-Ymn-eT6iE
Rays Facing Critical SUNDAY Deadline for New Ballpark Commitment
📺 https://youtu.be/LYRw1MqPB2M
Did Las Vegas F1 draw HALF attendance in 2024?
📺 https://youtu.be/sIMBJxH-ojk
A's relocation WAS GREAT (for Kansas City)
📺 https://youtu.be/inx4s1EEVlg
Joe Thornton gets 19 RETIRED by San Jose Sharks
📺 https://youtu.be/bXP0csVQWEk
Yaa
We love you brody
Just wait until the Trump tariffs on Chinese steel fiberglass and concrete hit. It'll be 3-4b by the end and Fisher will have to sell.
Howard Terminal was projected to cost $1B 5 yrs ago but greedy billionaire wanted public funding for it and big surprise now they have $1.1B laying around to be “committed” to the Las Vegas project?
I feel sorry for Kotsay and the former Oakland A's players. They should move on to another team asap. This stadium is Fisher's pipe dream. It's a disaster waiting to happen. The former Oakland A's players, along with their fans, deserve better. The A's won't have a fan base in Las Vegas and if Fisher's pipe dream becomes a reality, the A's will be stuck having to play half their games in a horrible stadium full of distractions and will be difficult to see fly balls.
Lmao take that Fisher 🖕 😂
A's owner: "I just need $1.7 billion"
DNC: "$1.7 billion? Hold my beer."
I'm looking at what's going on in Los Angeles. A major renovation was done to the LA Coliseum. A big renovation is happening right now at Dodger Stadium. A big renovation is in the works for the Rose Bowl. Why in the name of GOD did nobody in Oakland say, 'Let's tear down Mount Davis and give the coliseum a major renovation?' They had the land. They had good public transit and freeway access. Anybody with any brains could see that Laney College wasn't going to work, and Howard Terminal was a pipe dream. This is something that the A's and the city of Oakland should have been working on the minute the Raiders and Warriors left that site. And this all could have been done for a fraction of the cost of a new joint in Vegas. We would still have our team, in a beautifully renovated coliseum, with our restored views of the East Bay hills. I have to remember…this is Oakland. I guess it just makes too much sense.
cant wait to see what these upgrades are!
Such greed. Wow
Bring the Tampa Bay Rays !!!
Not the horrible Oakland team
The guy Fisher voted for is going to screw him over with tariffs. Serves him right.
The cost of stadium has gone up 17%. The price of gap stock has gone up 150% since its 2023 low. Sadly, he can afford the overrun
What a joke! It’s gonna pass and it’s gonna be delayed due to funding and the A’s will play in Sacramento an additional 2 more years. I’m done with MLB. Time for some nba and nhl
This isn’t gonna go through
He does know tickets aren’t gonna sell as good in Nevada as nor call right??
Las Vegas got taken for a ride.by A's owner
As a resident in Vegas. Absolutely no one has any interest in this team coming here. It has no fan base and never once has been a major topic of discussion. Translation, we don't care. We all come from different parts of the country which is what team in MLB we support..A disaster IF this ever happens..
I'll take the Aviators, Las Vegas Ballpark, easy access, and tickets as low as $18, thank you very much. Forget the A's and a zillion.dollar stadium on the strip.
The failed search for other partners to finance the deal says volumes.🤨
lv should tell fisher to fk off and to go pound sand.
You do wonder how much longer this fairytale will go on for. Vegas would be mad to sign off on this.
Imagine a stadium in Las Vegas where you have Arizona Fall League games and a Formula One race. Only one lane of traffic headed right towards the Fisher Zone.
Solution to all this stupidity, tear down that Mt. Davus, and completely renovate the coliseum, and keep the A's playing in Sacramento those 3 years, after they complete the renovation, the A's can return to Oakland in a brand new renovated coliseum.
Sale the naming rights to Fan Duel. There name on anything solves all of MLB’s financial problems.
Brodie, the caveat in the bank letter is normal in these kind of situation. The bank is not going to guarantee payment. It actually sounds a lot better than I would expect. This project might actually happen which would be a surprise for me Excellent video.
Hi Brazil, checking in from Brazil. Very good content.
This whole thing is a cluster hump waiting to happen. If I were a "money man", I wouldn't invest a dime into it.
Fisher is only worth 3 billion so this is an enormous investment for him. Better hope it goes well…..
Once the Fisher family realizes that they’re gonna go away over budget, they’re really gonna have to sell because it’s out of their range and +2. What they’re asking for is gonna go away over their budget and they’re gonna come to realize that they can’t afford it.
All the letters that they’ve been writing in what people have been presenting, doesn’t really sound too certain from what I understand