Las Vegas A’s Stadium Construction Underway
Posted on: May 15, 2025, 04:16h.
Last updated on: May 15, 2025, 06:28h.
- Foundation work has begun on the future home of the Las Vegas Athletics
- Oddly, a groundbreaking ceremony won’t occur until June
- Financing for the entire $1.78B estimated cost is reportedly secure
- However, team owner John Fisher seeks $500M in investments to lessen his $1.1B personal commitment
Foundation work for the new A’s stadium in Las Vegas is well underway. Initial grading and site preparation for the $1.78 billion, 33,000-seat domed ballpark began last month, according to the Las Vegas Review-Journal.
Currently, crews are drilling holes to be filled with steel and concrete that will provide a sufficiently stable base to hold the stadium’s 100K-150K ton weight.
Between 31 and 33 months of construction is expected to follow on the former site of the Tropicana casino resort, producing what is expected to be a home ready in time to host the team’s opening home game of the 2028 season.
The construction is the work of a joint venture between Minneapolis-based M.A. Mortenson Company (Truist Park, Target Field) Chase Center) and locally based McCarthy Building Companies (Circa Resort & Casino, Palms Casino Resort).
The Mortenson-McCartney joint venture also built the $1.97 million Allegiant Stadium for the Raiders in 2020, which was completed on time and under budget.
Even though work is already underway, a groundbreaking ceremony is expected to take place in June. That ceremony is expected to be attended by John Fisher and the rest of the A’s leadership, in addition to county, city and state officials.
The A’s team members will be busy in June. They’re playing baseball for the next three years in a minor-league stadium in Sacramento.
Money Ball
“This project is on schedule; it’s obviously moving along,” Steve Hill, president of both the Las Vegas Stadium Authority and the Las Vegas Convention and Visitors Authority, told the R-J. “We want to thank the Fishers (A’s owner John Fisher and his family) and the A’s for making this happen and making this happen in a way we said it would happen all along.”
So far, the $1.78 billion financing is all technically in place:
- A $1.1 billion pledge from Fisher and his family, an increase of their earlier $850 million commitment
- $380 million in public funding from Senate Bill 1, which passed the Nevada Legislature in June 2023
- a $300 million loan from U.S. Bank and Goldman Sachs.
We wrote “technically” because the Fisher family’s pledge would represent a third of its reported $3.1 billion net worth, according to Forbes. So Fisher is seeking $500 million from outside investors — potentially through selling a minority stake in the A’s at a valuation of $2 billion. (Galatioto Sports Parnters was hired last May to facilitate this, but nothing’s been announced yet.)
The team also actively seeks a stadium partnership deals, including a naming-rights deal that could be worth tens of millions.
Last Comments ( 5 )
Fisher has to spend $100 million to unlock the $300 million Nevada is giving him. He hasn’t spent a dime.
Scam. Sky high ticket prices, taxpayer fleece. Pro sports especially by scumbag owners is over. They will create fraudulent sense of scarcity to sell advance tickets don't believe it
As someone who worked in finance, I can tell you that a pledge is NOT the same as having financing "in place." A pledge of that magnitude from Fisher is worth about as much as the same pledge given by any drunk wandering up and down the Strip. There is no actual financing in place whatsoever and the deal with Goldman likely has so many contingencies as to render it all but worthless. They are moving some dirt around for now, and gearing up to take as much money from the taxpayers as possible for this ill conceived project.
Ground work is no guarantee the stadium will be built.
What a joke. These teams move to Vegas on the taxpayers dime and in return the ticket prices are so high no locals want to buy tickets. Fuck the raiders, fuck the A's, fuck the nba team that will come and rape us.