Posts

Showing posts with the label stadium

Nevada revisits Oakland Athletics stadium plan in special legislative session

The Nevada Legislature will convene Wednesday for a special session to consider whether to provide $380 million in public financing for a stadium that would host the Oakland Athletics on the Las Vegas Strip CARSON CITY, Nev. -- The Nevada Legislature is set to convene Wednesday for a special legislative session to consider whether to provide $380 million in public financing for a $1.5 billion stadium that would host the Oakland Athletics on the Las Vegas Strip. The public funding would mainly come from $180 million in transferable tax credits and $120 million in county bonds. Backers have pledged that the creation of a special tax district around the proposed stadium would generate enough money to pay off those bonds and interest. The plan would not directly raise taxes. The A’s would not owe property taxes for the publicly owned stadium. Clark County, which includes Las Vegas, would also contribute $25 million in credit toward infrastructure costs. The proposed 30,000-seat stadium...

Las Vegas ballpark pitch revives debate over public funding for sports stadiums

The proposal to help finance a new ballpark for Major League Baseball's Athletics in Las Vegas has revived nationwide debates about public funding for private stadiums, pitting Nevada’s powerful tourism industry and labor unions against some progressiv... CARSON CITY, Nev. -- Gov. Joe Lombardo wants to help build Major League Baseball's smallest ballpark, arguing that the worst team in baseball can boost Las Vegas, a city striving to call itself a sports mecca. Debate about public funding for private sports clubs has been revived with the Oakland Athletics ballpark proposal. The issue pits Nevada’s powerful tourism industry, including trade unions, against a growing chorus of mostly progressive groups nationwide raising concerns about the use of tax dollars to finance sports stadiums that could otherwise fund government services or schools. The debate over relocating the team from California to Nevada echoes others around the country. Politicians have approved large sums of ta...