by the Oakland Athletics of Major League Baseball Las Vegas Another milestone. Bill introduced late on Friday night nawada legislature Will 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.
The breakdown would see the money coming from $180 million in transferable tax credits from the state and $120 million in county bonds. Clark County will also provide a $25 million loan for infrastructure costs. In order to pass, the bill requires a simple majority in the state senate and assembly.
The new ballpark would be built on the site where the Tropicana Las Vegas resort is now located. The existing structure would be demolished to accommodate the new ballpark. At 30,000 seats, it would be the smallest stadium in MLB.
In addition to the passage of the bill, MLB owners would still have to approve the move from Oakland to Las Vegas. They meet in New York on June 13-15.
There is no guarantee of public money. Democratic legislators have threatened to put up a roadblock if Republican Governor Joe Lombardo vetoes other spending proposals.