Athletics, Nevada Reach Agreement On Funding Plan

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May 15, 2023; Oakland, California, USA; Oakland Athletics fans sit behind a sign during the third inning against the Arizona Diamondbacks at Oakland-Alameda County Coliseum. Mandatory Credit: Stan Szeto-USA TODAY Sports

(New York, NY) — The Oakland Athletics are reaching a deal with Nevada state and local officials on a stadium funding plan.

The team and state announced the tentative agreement on Wednesday as the sides look to move forward with a 1.5-billion dollar ballpark in Las Vegas.

The agreement still needs approval from the state Senate and Assembly.

Mandatory Credit: Kelley L Cox-USA TODAY Sports

“This agreement follows months of negotiations between the state, the county, and the A’s, and I believe it gives us a tremendous opportunity to continue building on the professional sports infrastructure of southern Nevada,” Gov. Joe Lombardo said in a statement. “Las Vegas is clearly a sports town, and Major League Baseball should be a part of it.”

The A’s didn’t specify how much they are seeking in public funding, but said the project includes “the most private investment of any stadium in Major League Baseball.”

Athletics president Dave Kaval has said he hopes to break ground on a new ballpark next year and open the venue in time for the 2027 season.

Sep 23, 2022; Oakland, California, USA; Oakland Athletics president Dave Kaval sits in the dugout before the game against the New York Mets at RingCentral Coliseum. Mandatory Credit: Darren Yamashita-USA TODAY Sports

The A’s lost Wednesday to fall to 10-41 — the fourth-worst start though the 50 games of a season in MLB history, and the worst since the 1932 Boston Red Sox.

The team is averaging fewer than 8,700 fans at home this season, by far the lowest among the 30 teams.

A change was inevitable.

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