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Wednesday, November 09, 2022

Sisolak, county officials: No tax money for A’s ballpark

Although the Oakland Athletics are looking for public financial assistance if they are to move to Las Vegas and build a MLB ballpark, state and local officials say the appetite to provide that is not there.

Gov. Steve Sisolak, who played a major role in the deal that landed the Raiders $750 million in public funds that went toward the construction of Allegiant Stadium and ultimately landed the Raiders in Las Vegas, said Saturday that type of deal isn’t on the table for the A’s.

The Raiders’ tax deal, a 0.88 percent hotel room tax in Clark County set up to recoup the massive investment, was a one-time thing for pro sports, Sisolak said. With Las Vegas proving to be a thriving major league professional sports market, there isn’t a need to offer additional tax money to other leagues, Sisolak said.

“We (the state) can’t build any more stadiums,” Sisolak said. “We built one, Allegiant, we contributed to one.”

But there are ways officials can sweeten the pot, outside of offering a direct tax toward funding a stadium, Sisolak noted.

RoyalsRetro (AG#1F) Posted: November 09, 2022 at 12:39 AM | 2 comment(s)
  Beats: athletics, las vegas

Tuesday, June 28, 2022

MLB would not charge Oakland Athletics a relocation fee if team moves to Las Vegas, per reports

Major League Baseball is reportedly willing to waive its relocation fee for the Oakland Athletics if they move the franchise to Las Vegas, Nevada, according to the New York Post.

In what’s undoubtedly a coincidence and certainly not an attempt to gain additional leverage, that rumor has surfaced just days before the San Francisco Bay Conservation and Development Commission is scheduled to vote on Thursday on removing a port priority use designation on the Howard Terminal site, the location the Athletics have been eyeing for a waterfront stadium, among other mixed-use developments.

The relocation fee is a standard piece of sports business. As noted by the Post, the National Football League charged the Rams and Chargers more than $600 million to move to Los Angeles, and later docked the Raiders nearly $400 million to move to Las Vegas themselves. The National Basketball Association hasn’t had a team move in more than a decade, but had the last ones to do so pay a $30 million toll in the process.

RoyalsRetro (AG#1F) Posted: June 28, 2022 at 12:16 PM | 16 comment(s)
  Beats: athletics, las vegas

 

 

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