Oakland A's secure land for new Las Vegas stadium.

The Oakland Athletics have agreed to purchase a 49-acre site near the Las Vegas Strip from Red Rock Resorts, where they plan to build a $1.5 billion, 35,000-seat, partially retractable roof stadium, according to team president Dave Kaval. The purchase agreement is for the land only, and the A's have an option to purchase an additional eight acres at a later date. The move comes after years of failed attempts to build a new stadium in Oakland, and the team hopes to finalize the move by the end of the year.