Tag: Las Vegas Chamber of Commerce

Sacramento A’s Relocation podcast with Daniel Dullum: Fisher Family finally regroups on construction cost realizing big returns on Vegas investment

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Proposed Las Vegas A’s ballpark rendering is scheduled to be completed by opening day 2028 at Tropicana and Las Vegas Blvd on the Vegas Strip. (renderings from the Sacramento A’s)

On the Sacramento A’s Relocation podcast with Daniel:

#1 This week it was reported the A’s will pay $1 billion into their Las Vegas ballpark on the Las Vegas Strip at the old Tropicana site. Golden Sachs and US Bank also are contributing another $300 million in loan money towards the project. The $1 billion from the A’s is funded from owner John Fisher and his family.

#2 Fisher had tried to find investors to buy minority portions of A’s ownerships and tried to find local investors in Las Vegas as well going on a good portion of the year since December 2024 when the MLB owners approved the move to Vegas to find minority investors. Not having success in finding partners Fisher has teamed up with his family to pay the $1 billion.

#3 With the rising appreciation of Major League teams who have their own park and amenities Fisher convinced his family that this would be an investment that will no doubt have big returns. The A’s could appreciate their current worth from $1.5 billion to $3 billion once they are at their new Las Vegas digs.

#4 A meeting scheduled with the Las Vegas Stadium Authority headed by Las Vegas Chamber of Commerce CEO Steven Hill for December 5th to put the final vote for final approval and towards breaking ground at the Tropicana for the ballpark. Construction is expected to begin in March and the ballpark should be finished with a opening day target date of 2028.

#5 Long shot: Schools over Stadiums has hardly given up hope to stop the public funding of SB1. Alexander Marks Schools over Stadium spokesman who has attended many of the ballpark meetings at the Las Vegas Stadium Authority has spoke many times against the funding of public money being used when it should be used for public education. Marks hopes to get enough signatures to put an initiative on the Nevada ballot to stop the public funding of the A’s Las Vegas ballpark. If successful the A’s would be forced to find private money instead of Nevada State money or SB1 funding for the $350 million the A’s said they would use out of the $380 million.

Join Daniel Dullum for the Sacramento A’s podcasts each Sunday at http://www.sportsradioservice.com

Oakland A’s podcast with Jerry Feitelberg: Manfred is certain Vegas deal for A’s is a sure thing

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Major League Baseball Commissioner Rob Manfred addresses the news media at spring training Tampa Bay Fl Thu Feb 15, 2024 at the Grapefruit League (AP News photo)

On the Oakland A’s podcast with Jerry Feitelberg:

#1 Major League Commissioner Rob Manfred said that if there was any doubt about the Oakland A’s going to Las Vegas Manfred wanted to assure everybody that the move is “solid” in spite of A’s owner John Fisher who has not come up with his share of the construction costs for his share of the Las Vegas ballpark.

#2 Manfred also wants the A’s to decide where there going to play in the interim for 2025-27. Manfred would like the A’s to decide to play in one location and not move say from Portland to Salt Lake City or even Oracle Park in San Francisco for example.

#3 As you may recall A’s president David Kaval said talks with the Oakland Coliseum will continue as it was reported their first meeting two weeks ago went well. Manfred who doesn’t have the best relationship with Oakland Mayor Sheng Thao might have to come back and have talks with Thao and work out something to get the A’s some place to play for the next three seasons after 2024.

#4 The Las Vegas stadium idea has run into it’s share of problems, there are no renderings, there is no funding plan from Fisher, Schools over Stadiums is appealing language for their petition drive in the Nevada Court of Appeals once up and running they need over 100,000 signatures to place an initiative on the November ballot to block the A’s public funding for the ballpark and the Nevada State Education Association has filed a $380 million lawsuit against the State of Nevada to block public funding of the park.

#5 After Fisher got a luke warm reception when he was introduced to a paid crowd in Las Vegas sponsored by the Las Vegas Chamber of Commerce and Las Vegas Mayor Carolyn Goodman said that the A’s would be better off in Oakland with a waterfront ballpark. Manfred said Las Vegas is solid and that Goodman was the first person to talk Manfred about getting a baseball team in Vegas.

Join Jerry for the Oakland A’s podcasts Thursdays at http://www.sportsradioservice.com

Headline Sports podcast with Charlie O: A look at the NFL Playoffs; Salt Lake City offering A’s permanent home if Fisher can’t afford Vegas construction share

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Baltimore Ravens head coach John Harbaugh (left) and Kansas City Chiefs head coach Andy Reid seen here before their game back Sun Sep 19, 2024 face each Sun Jan 28, 2024 for the AFC Championship at Arrowhead Stadium in Kansas City (AP News photo)

On Headline Sports with Charlie O:

#1 Charlie we open with the NFL and we’ll start with the AFC Championship The Kansas City Chiefs vs. the Baltimore Ravens. Two of the top quarterbacks in the NFL are going at it with Pat Mahomes for the Chiefs and LaMar Jackson for the Ravens.

#2 The Detroit Lions and the San Francisco 49ers match up for the NFC Championship. The Lions Jerod Goff the former Cal Bear and Novato resident has led the Lions to this long awaited moment after many years of losing the Lions have been the surprise of the NFC to get here. The 49ers who have a Pro Bowl team and who are the favorites to win it with Brock Purdy under center.

#3 During Wednesday’s Las Vegas A’s Coming out party at the Fontainebleau Hotel and Casino grand ballroom. The Chamber of Commerce CEO/President Mary Beth Sewald opened with welcoming the A’s to Las Vegas only to a murmuring from the crowd present. There were many business leaders, business people and some local baseball fans who paid $100 a ticket and up to hear what Sewald and A’s owner John Fisher had to say. It would seem they didn’t come away impressed.

#4 The City of Salt Lake City is offering up their hospitality for the A’s to not only play all of their remaining home games until the Las Vegas ballpark is built but in the event that Fisher cannot pay his share of the construction costs in Las Vegas he could move the team to Salt Lake City and the City will work on paying for the entire ballpark with City tax dollars.

#5 We’ve ask a number of staff reporters if Fisher can’t get enough money for the ballpark construct will he have no other choice but to come back to Oakland and work something out with City Hall and he does own half of the Oakland Coliseum property?

Join Charlie O for Headline Sports on Sundays at http://www.sportsradioservice.com

That’s Amaury News and Commentary: A’s owner John Fisher, spoke at Las Vegas event- -It is like the Groundhog Day movie; Fisher open to selling shares of team

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Mary Beth Sewald president/CEO of the Las Vegas Chamber of Commerce (left) and Oakland A’s owner John Fisher (right) sit down to discuss the A’s move to Las Vegas and all the ballpark intangibles at the Fontainebleau Hotel and Casino in Las Vegas on Wed Jan 24, 2024 (photo by Nevada Independent)

A’s owner, John Fisher, spoke at the Las Vegas event– It is like the Groundhog Day movie

That’s Amaury News and Commentary

By Amaury Pi-Gonzalez

The first public comments by A’s owner, John Fisher, were made on Wednesday in Las Vegas. He said he would like local Las Vegas investors to help him pay for the $1.5 billion A’s stadium at the Tropicana hotel-casino location on the Strip. Fisher spoke for about 20 minutes at the Las Vegas Chamber of Commerce event. He wants to find local capital for the stadium in Las Vegas as a way of engaging his new city.

He said about the Las Vegas park renderings: “We’ll release our renderings when you know when it’s the right time to do so,” Fisher said.

Speaking about the funding: “That will be funded mostly with equity from my family,” Fisher said. “We would like to consider raising capital, especially from local investors. That creates a connection to the community, and we’ve seen that with many other teams become a successful thing.”

Meanwhile, back in Planet Oakland, Mayor Shen Thao’s office told the Las Vegas Review-Journal: “When the Athletics leave the Bay Area ahead of the team’s planned Las Vegas relocation, they won’t be missed.” The mayor’s office also responded to whether they have discussed extending the team’s Oakland Coliseum lease past its expiration date at the end of the 2024 season.

Leigh Hanson, Mayor Thao’s chief of staff, said no and then ripped into the club. According to the Review-Journal, Mr. Hanson added; “To date, they have not contacted or requested an extension to their lease from the Mayor, Alameda County, the joint powers agency that oversees the Coliseum, and perhaps most notably from the fans.”

The situation in Oakland is not a pretty one when businesses close because of a spike in crime as they continue to make news nationwide, not how they wanted. As a matter of fact, the A’s story is not as crucial for the city of Oakland as the current situation, where some Council Members are now asking the Mayor to declare a State of Emergency.

When a profitable In ‘n Out Burger restaurant announces they are leaving Oakland because of too much crime in their parking lot, the Mayor has a bigger problem than the baseball team.

From Amaury’s desk: This whole story is extremely close to the script of the 1993 Hollywood film: “Groundhog Day” where a cynical television weatherman relives the said day repeatedly. Actor Bill Murray’s predicament drives him to distraction until he sees a way of turning the situation to his advantage. Las Vegas has become Punxsutawney, Pennsylvania.

Amaury Pi Gonzalez is the lead play by play voice on the Oakland A’s Spanish radio network at 1010 KIQI San Francisco and 990 KATD Pittsburg and does News and Commentary at http://www.sportsradioservice.com