Tag: Sacramento A’s podcast with Daniel Dullum

A’s relocation podcast with Daniel Dullum: A’s to present four letters showing they have financing for $1.5 billion Vegas ball park Thursday

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Artists rendering of Athletics Armadillo ballpark at the corner of Las Vegas Blvd and Tropicana in Las Vegas which is scheduled for completion for April 2028 (from artist A’s rendering)

Sacramento A’s relocation podcast with Daniel:

#1 Daniel, the A’s are making a presentation at the Las Vegas Stadium Authority on the due date Thu Dec 5th when they are supposed to come up with their share of construction costs at the tune of $1.5 billion. The A’s will present four letters showing they have the financing available.

#2 This meeting is a big step for the A’s relocation process in their move to Las Vegas this will be the A’s fourth meeting with the Stadium Authority and noted the most important to date.

#3 Amongst the discussions are how the stadium will be constructed, how many years the team will be committed to the park, and what happens if the A’s want to get out of their deal before the 30 years runs out.

#4 The ballpark plans have the A’s constructing their stadium on nine acres of the 35 acre Tropicana on the Las Vegas strip located at the one of the busiest intersections in the world.

#5 The Stadium Authority will reviewing the documents to decide if they can move forward with the project what they will be looking forward as stated, “adequate financial security for the performance of the financial obligations of a developer partner (A’s) for the development and construction of the Major League Baseball stadium project.”

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

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

Sacramento A’s Relocation podcast with Daniel Dullum: Fisher gets help from his family; Everyone pitches in to make up the $1.5 Billion

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John Fisher (far right) and his family plan to come up with $1.5 billion for their share of the construction costs to pay for the Las Vegas A’s ball park at the old Tropicana location (photo from Rickey Blog and Thompson Family go fund me)

On the Sacramento A’s Relocation podcast with Daniel:

#1 The Sacramento A’s and owner John Fisher on Thursday have detailed how their going to finance the new Las Vegas ballpark as the deadline to come up with the A’s share of the construction costs come due on Dec 5th. Fisher with the help of his family plan to pay the $1.5 billion.

#2 A’s executive Sandy Dean said that construction details, a financing plan are going to be in place. There will be a Dec 5th meeting with the Las Vegas Stadium Authority and final approvals for the $1.5 billion, 30,000 seat that will have a 33,000 capacity should be approved.

#3 Construction for the project is scheduled to begin Spring 2025 and the targeted opening date is 2028. The State of Nevada will be funding some $380 million towards the new park that will be located at the old Tropicana site located at Las Vegas Blvd and is targeted to open in 2028.

#4 Alexander Marks Schools over Stadiums spokesman and Schools over Stadiums who are education group fighting to stop public state funding that is going to pay for the A’s Las Vegas ballpark has not given up the fight and are hoping to get an initiative on the 2026 ballot that would stop the state funding for the A’s Vegas ballpark. Schools over Stadiums said last week that “we will continue our fight, including taking it to the streets with a referendum petition to protect Nevada’s tax dollars.”

#5 With the Fisher family getting very close to the stadium construction costs they are also getting loans to cover the costs from Goldman Sachs and US Bank, if there were any doubts before about financing the stadium Dean said this is the evidence you need, this “concludes the Fisher family has more than sufficient resources to fund the equity investment that’s required to build the stadium.”

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