The Nevada Senate has passed the A's stadium bill, which could approve up to $380 million in public dollars to help construct a new Major League Baseball stadium on the Las Vegas Strip. The bill includes up to $180 million in transferable tax credits from the state and a projected $120 million in county bonds, which would be repaid over 30 years by the tax revenues generated by the stadium. The bill now goes to the Assembly for consideration.
The Nevada Legislature adjourned until Monday without voting on a bill that would provide up to $380 million in public funding for a new Las Vegas stadium for the Oakland A's. Democratic senators expressed frustration over the lack of changes to the bill, and requested amendments addressing issues raised during the regular session. Senators were reportedly seeing amendments for the first time on Thursday and still evaluating the proposal. The delay is likely to extend the special session convened by Gov. Joe Lombardo until at least the middle of next week.
A special session has begun in Carson City to discuss the funding plan for the A's stadium, which is planned at the site of the Tropicana Las Vegas Casino Resort on the Strip. The Nevada Legislature will take up the issue after Gov. Joe Lombardo issued a proclamation following last night's special session.
The prospects for a bill that would provide public funding for a stadium for the Oakland Athletics and lure major filmmakers to Las Vegas through billions of dollars in tax credits are uncertain after Nevada lawmakers adjourned their four-month legislative session without passing a budget bill that included over $1 billion to fund capital improvement projects. Republican Gov. Lombardo said he would call a special session later Tuesday morning, where he would set the agenda for legislative priorities. The bill has revived the national debate over public funding for private sports stadiums, amid concerns and skepticism among economists about minimal benefits for a hefty public price tag.
The proposed move of the Oakland Athletics to Las Vegas has stalled after the Nevada legislature adjourned without voting on the proposed funding package. The team had reached an agreement with the Bally’s Corporation to build a potential 30,000-seat stadium, but the $1.5 billion project can't proceed without public funds. The A's were initially seeking a $500 million package from Clark County before agreeing on up to $380 million in a package of transferrable tax credits and bonds. The delay throws a wrench into A's president Dave Kaval's hopes to begin construction in 2024 and play in a new stadium by the 2027 season.
The Nevada Legislature is rushing to pass a long list of bills on the final day of the 120-day session, including budget bills, school choice, stadium funding, and tax breaks for movie studios. If time runs out, lawmakers may end up in a special session. The session must end by midnight, as mandated by the Nevada Constitution.
The public will have a chance to give their opinion on the Oakland Athletics' proposed stadium funding bill, Senate Bill 509, which would give the team $380 million in public funding. The bill will be heard during a joint meeting of the Senate Committee on Finance and the Assembly Committee on Ways and Means and will be livestreamed on the Nevada Legislature's website. The A's want to build a $1.5 billion, 30,000-seat stadium on the current site of the Tropicana Las Vegas hotel. Currently, the A's have the worst record and lowest attendance in Major League Baseball.
The Nevada Legislature has introduced a bill that would provide up to $380 million in public funding for a potential 30,000-seat, $1.5 billion retractable-roof stadium on the Las Vegas Strip for the Oakland Athletics. The bulk of the funding would come from $180 million in transferable tax credits from the state and $120 million in county bonds. The plan wouldn't directly raise taxes and can move forward with a simple majority vote in the Senate and the Assembly. The Athletics have agreed to use land on the southern end of the Las Vegas Strip, where the Tropicana Las Vegas casino resort sits.
The Oakland Athletics and Nevada leaders have reached a tentative agreement for a stadium funding plan for a $1.5 billion Las Vegas ballpark. The agreement indicates a funding bill will be introduced in the Nevada Legislature in the coming days, giving lawmakers less than two weeks to consider it before the session ends. The financing isn’t a sure thing either. The announcement is on the heels of the Oakland Athletics’ agreement to use land on the southern end of the Las Vegas Strip where the Tropicana Las Vegas casino resort sits.
The Oakland Athletics and Nevada leaders have reached a tentative agreement for a stadium funding plan for a $1.5 billion Las Vegas ballpark. The agreement indicates a funding bill will be introduced in the Nevada Legislature in the coming days, giving lawmakers less than two weeks to consider it before the session ends. The financing isn’t a sure thing either. The announcement is on the heels of the Oakland Athletics’ agreement to use land on the southern end of the Las Vegas Strip where the Tropicana Las Vegas casino resort sits.
The Oakland A's and Nevada leaders have reached a tentative agreement to bring Major League Baseball to Las Vegas, with plans for a 30,000-seat, publicly owned, retractable roof stadium located on the Las Vegas Strip. The agreement includes the creation of a "Sports and Entertainment Improvement District," and a bill will be introduced in the Nevada Legislature in the coming days for public debate and consideration. The estimated cost of construction is $1.5 billion and will create more than 14,000 construction jobs.
The Oakland A's are facing additional funding problems as they seek to move to Las Vegas, with Nevada lawmakers only willing to contribute $195 million for a new stadium, not the $395 million the A's are seeking. The clock is ticking to approve a funding package, with just 20 days left in the Nevada legislative session. Meanwhile, Oakland Mayor Sheng Thao is still hopeful the A's will remain in Oakland, but it would take two years of construction before the Howard Terminal site would be ready to play ball.
Republican Governor Joe Lombardo vetoed three gun control bills passed by the Democrat-controlled Nevada Legislature, citing concerns over their constitutionality and infringement on Second Amendment rights. The bills included a ban on guns at polling locations, a ban on certain assault weapons for individuals under 21, and a prohibition on those convicted of hate crimes from owning firearms for 10 years. Lombardo's vetoes show his support for the Second Amendment and Republican values. Democrats lack the votes to override the vetoes unless a Republican lawmaker votes with them.
