The Oakland Athletics are leaving for Las Vegas. President Dave Kaval announced on Wednesday night that the team has signed a binding agreement to purchase a plot of land near the Las Vegas Strip, which will be the site of their future ballpark.
"For a while we were on parallel paths , but we have turned our attention to Las Vegas to get a deal here for the A's and find a long-term home,""Oakland has been a great home for us for over 50 years, but we really need this 20-year saga completed and we feel there's a path here in Southern Nevada to do that."
The purchase agreement is for 49-acres of land owned by Red Rock Resorts. Kaval said the team plans to build a $1.5B stadium with a partially retractable roof that can seat 30,000 people, and that other development around the stadium, such as restaurants, shops, and a movie theater, could be constructed later.
"I am incredibly proud of what we have accomplished as a City, including securing a fully entitled site and over $375 million in new infrastructure investment that will benefit Oakland and its Port for generations to come. In a time of budget deficits, I refuse to compromise the safety and well-being of our residents. Given these realities, we are ceasing negotiations and moving forward on alternatives for the redevelopment of Howard Terminal.
Currently there is only a loose timeline for the A's move to Vegas, though the team is working against the clock. MLB set a deadline of 2024 for the A's to get their stadium deal finalized, but if all goes according to plan, Kaval estimated that they could break ground on a new stadium in 2024 and open for their first Vegas season in 2027.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oakland Athletics sign binding agreement to purchase Las Vegas ballpark site, team saysBREAKING The Oakland Athletics signed a binding agreement to purchase land in LasVegas for a future ballpark site, the team announced Wednesday night.
Read more »
Oakland End Athletics Talks Amid News of Las Vegas Ballpark Site DealOakland mayor Sheng Thao said Wednesday night the city is 'ceasing negotiations' with the A's after the team signed a binding purchase agreement for a potential major league ballpark site in Las Vegas.
Read more »
Oakland A's sign agreement to purchase land for Las Vegas ballparkMajor League Baseball's Oakland Athletics on Wednesday announced they have signed a binding agreement to purchase land for a future ballpark in Las Vegas. Athletics JustIn
Read more »
Oakland Athletics purchase land for new stadium in Las VegasOakland A’s have signed a binding agreement to purchase land for a new ballpark in Las Vegas after being unable to build a new venue in the Bay Area.
Read more »
Oakland A's purchase land for new stadium in Las VegasTeam president Dave Kaval said the team finalized a deal last week to buy the 49-acre site where the A's plan to build the stadium close to the Las Vegas Strip with a seating capacity of 30,000 to 35,000.
Read more »
Oakland A's purchase land for new stadium in Las VegasThe Oakland Athletics have signed a binding agreement to purchase land for a new retractable roof ballpark in Las Vegas after being unable to build a new venue in the Bay Area.
Read more »