Tag: US Bank

Sacramento A’s Relocation podcast Daniel Dullum: Contrary to popular belief report says Fisher is still short construction money

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Sacramento A’s owner John Fisher (gold tie) spoke at the groundbreaking ceremony at the former Tropicana Hotel for the A’s future Las Vegas ballpark Mon Jun 23, 2025. A’s president Mark Badain is leaning forward to the far left, Baseball Commissioner Rob Manfred is seated to Fisher’s right and to Fisher’s left is Las Vegas Convention and Visitors Authority CEO Steven Hill. Reports say Fisher is still trying to raise the money to cover the construction costs for the Vegas ballpark. (AP News photo)

Sacramento A’s Relocation podcast Daniel Dullum:

#1 According to reports Sacramento A’s owner John Fisher still hasn’t spent the money for the Las Vegas ballpark at the old Tropicana so he could get the $380 million in Nevada State public funds. SB1 was approved to pay for part of the A’s Vegas park going on two years now.

#2 Fisher said after the A’s ground breaking at the Tropicana that the cost of construction for the new park will now run up to $2 billion and according to reports Fisher doesn’t financially have anything near $1 billion despite being worth $3 billion.

#3 John Fisher and his family are not going to spend their own money namely the $1.75 billion out of pocket for the ballpark project but are trying to confirm loans from US Bank, Goldman Sachs, investments from K Pop star Suga, former Los Angeles Dodgers pitcher Chan Ho Park and sale of his MLS team the San Jose Earthquakes.

#4 It was also reported at the ground break this month in Vegas that the two cranes that were pictured behind Fisher while he was speaking to the media there were rented cranes as props and they were never going to be in use that outside of moving dirt around there is nothing really seriously happening at the old Tropicana property in terms of getting a foundation started.

#5 Baseball Commissioner Rob Manfred who was at the groundbreaking holding a shovel and putting it in the dirt held in a baseball diamond tray said he was confident that the project would go through but critics after the ground breaking said that Manfred should have made sure everything was covered before committing the A’s to Las Vegas but that didn’t happen and the ground breaking looks like a farce.

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

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Sacramento A’s Relocation podcast with Daniel Dullum: Schools over Stadiums says public money going to Hollywood studios; Schools over Studios protested funding at Nevada Assembly Committee Thursday

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Alexander Marks and Schools over Stadiums/Schools over Studios appeared at the Assembly Committee on Revenue on Thu Feb 27, 2025 to argue that $400 million of public money from SB238 to fund Hollywood Studios to do production in Nevada should be going to pubic schools. Marks had previously argued that SB1 funding for an Athletics Las Vegas stadium should go to public schools and not a ballpark. (file photo from google)

On the Sacramento A’s Relocation podcast with Daniel Dullum:

#1 In December Athletics team president Sandy Dean said that the A’s are in the early stages of getting construction organized with Clark County (Las Vegas) back on Dec 5th. As of yet there is no report that the A’s have come up with the $1.75 billion for their share of the construction costs for the Vegas ballpark.

#2 The A’s are looking for loan help from Goldman Sachs and US Bank and Dean was pretty definite that those loans will be coming to the rescue. Some in the media have now questioned it’s been past the deadline Dec 2024 set by the Nevada Assembly for SB1 funding at $380 million that would be triggered when the A’s come up with their share of the construction costs. Could there be doubts that maybe this money may not happen at all?

#3 Schools over Stadiums spokesman Alexander Marks who previously protested and litigated against the A’s Vegas ballpark. Schools over Stadiums are now trying to stop the Nevada Legislature from spending more public money with a new senate bill that would fund Hollywood Studios with AB238. The bill would provide $80 million in tax credits from 2028 to 2043 and require at least $400 million to be invested into Nevada. The cost to fund the Hollywood studios where all filming would be in Nevada would be $20 million more than what the state will be paying for the Las Vegas A’s ballpark.

#4 Schools over Stadiums also named Schools over Studio for fighting the Hollywood funding has two fronts to fight. Schools over Stadiums had a meeting Thursday at the Assembly Committee on Revenue to argue their case that public money that should go to schools and not go to pay for Hollywood Studios productions to the tune of $400 million plus getting 15 years of tax credits.

#5 Schools over Stadiums knows they’re efforts to stop the A’s Vegas ballpark looks almost nil if the A’s come up with their share of the construction costs for the park. Schools over Stadiums still needs 102,586 signatures from four districts in Southern Nevada to sign a petition that would put an initiative on the ballot to stop public funding for SB1 the A’s ballpark. That signature drive has not launched as of yet.

Daniel Dullum does the Athletics Relocation podcasts Sundays at http://www.sportsradioservice.com

Athletics podcast with Daniel Dullum: A’s claim they have their share of construction costs for Vegas ballpark

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Sandy Dean Athletics president has said all along the A’s would come up with the funding for their share of the Las Vegas ballpark on the Las Vegas strip which is expected to open baseball season 2028 (LV Sports Biz file photo)

On the Athletics podcast with Daniel Dullum:

#1 The Athletics are saying they have the $350 million coming from SB1 and the State of Nevada and $300 million from Goldman Sachs and US Bank.

#2 One of the requirements are that the A’s have to spend $100 million of their own money before they can touch any of the public funds from Nevada.

#3 The A’s have spent $40 million of the designer process so far the site selection and the A’s stadium will occupy nine acres of the 35 acre Tropicana casino and resort which should be ready by opening day 2028.

#4 The A’s will be sharing the space with Bally’s Mega Corp where the rolling of the dice and slot machines will be a baseballs throw away.

#5 The A’s have submitted their land use permit has been filed. The A’s have officially submitted their land use permit to Clark County. Which is important in getting construction underway.

A’s Relocation podcasts can be heard each Sunday with Daniel Dullum 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