Latest On A’s Stadium Plan ...Middle East

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Latest On A’s Stadium Plan
source : MLBtraderumors ( Middle East ) () 51
The A’s have retained an investment banking firm in an effort to procure $500MM in private funding towards the construction of their Las Vegas ballpark, reports Bill Shaikin of the Los Angeles Times. The A’s are prepared to offer minority ownership shares in the franchise to potential investors as they put together financing for their estimated $1.5 billion stadium. Last summer, Nevada lawmakers approved $380MM in public funding — taking the form of state tax credits, county-issued bonds and a county credit — to offset a chunk of the cost. Shortly thereafter, MLB approved the A’s relocation efforts. A political action committee has sued the state in an effort to overturn the public funding l

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