On Monday, Bally’s Corporation announced it has reached a binding agreement with the Oakland Athletics for the construction of a Las Vegas Strip ballpark on a portion of the current Tropicana property.
According to Bally’s Corporation, the Athletics’ “state-of-the-art” ballpark is expected to welcome more than 2.5 million fans and visitors annually.
According to the release, the ballpark will provide a range of benefits to the site including:
- Substantial ballpark visitation materially enhancing future offerings within the development;
- Significant flexibility for an array of strategic options for the site, including the ability to develop in a phased approach with disciplined capital deployment;
- Massive, unlocked potential for iconic, global brands to partner and market one of the busiest intersections in the country with over seven million impressions a month;
- Transformational impact for the evolution of Bally’s database further solidifying it’s global, omni-channel strategy; and
- GLPI has agreed to fund up to $175 million towards certain shared improvements within the future development in exchange for a commensurate rent increase.
Oakland A’s President Dave Kaval, said, “We are excited about the potential to bring Major League Baseball to this iconic location. We are thrilled to work alongside Bally’s and GLPI, and look forward to finalizing plans to bring the Athletics to Southern Nevada.”
There’s no word on what this means for the A’s binding agreement with Red Rock Resorts, the parent company of Station Casinos. The team had announced a deal for about 49 acres to develop a ballpark at the site of the former Wild Wild West, though the purchase price was not disclosed.
In the meantime, we are also seeing renderings of what the Las Vegas Athletics ballpark may look like on the strip.
Before ground can be broken on a stadium, legislation must be approved for public financing, and Major League Baseball must grant approval for the A’s to leave Oakland.
The Athletics have played in Oakland since 1968.
Entering Tuesday, the team is 9-34 and already 17 games behind the first-place Texas Rangers in the American League West.
When the team is bad, fans do not show up. When the team is good, the fans still will not show up. This move needed to be made.