Las Vegas, NV – Financing for the planned $1.5 billion Oakland Athletics stadium on the Las Vegas Strip is secured, according to sources close to the team, but the public will have to wait until December for specifics.

The Las Vegas Stadium Authority board is set to finalize three crucial contractual agreements on Thursday, paving the way for the A’s relocation. These include a lease agreement, a non-relocation agreement, and a stadium development agreement. However, written confirmation of the ballpark’s financing is expected from the A’s in December, a necessary step before construction can commence.

Stadium Authority Chairman Steve Hill previously confirmed the Fisher family, owners of the A’s, possess the necessary equity to construct the stadium. The funding model comprises up to $380 million in public financing, $300 million in debt financing, and a substantial $850 million contribution from the Fisher family.

While the financing appears to be in place, details remain scarce. GLPI, owner of the 35-acre site, has indicated that remaining funds from its $175 million commitment for the Tropicana demolition could be used for site improvements to support the stadium, such as access roads and parking facilities.

A’s owner John Fisher expressed confidence in the funding plan, echoing Hill’s assurances. “When Steve indicates that he’s got confidence that this is all going to happen from a financial point of view, we should all feel good about that,” Fisher stated.

Beyond the ballpark, Bally’s Corp. is developing a master plan for the site, including a new hotel and casino, with hopes of aligning its opening with the stadium’s projected April 2028 debut.

The Stadium Authority is expected to vote on the finalized contracts in December, following the public release of the financing details. This move follows the March approval of the A’s community benefits agreement, which mandates significant annual contributions to local charities and community groups.

Source: The Nevada Independent