The Athletics’ $2 billion Las Vegas ballpark remains on track for completion ahead of the 2028 Major League Baseball season, the team and its development partner Bally’s Corp. told the Las Vegas Stadium Authority, easing concerns over financing for the project.
“There have been some challenges going out of the gate. However, we are very happy to say that we are close to being able to secure the financing,” said Nick Tomasino, Senior Vice President of Development at Bally’s, as reported by The Nevada Independent.
The comments come after Bally’s unveiled revised plans for its 35-acre Las Vegas development, which will now be built in three phases.
The first phase includes the A’s stadium, a 1,500-space parking garage and a central utility plant. The second phase includes an elevated entrance, or podium, with a three-level parking garage beneath a plaza featuring retail, entertainment and dining. The casino resort and additional parking will come in a later phase.
Bally’s will continue to fund the elevated northwest plaza, which is planned as the primary entrance to the ballpark from the Las Vegas Strip and Tropicana Avenue.
“Bally’s indicated to us that their financing is coming together, and they are going to proceed with the northwest plaza as it was contemplated and designed,” A’s Vice Chairman Sandy Dean said.
The A’s are responsible for delivering the stadium before the start of the April 2028 MLB season. Team representatives have previously said construction remains on schedule, although concerns increased after an earlier Stadium Authority meeting when Bally’s had not yet secured financing for part of the development.
A’s owner John Fisher has committed to financing most of the stadium project, which increased to $2 billion from an initial $1.75 billion estimate in 2025. U.S. Bank and Goldman Sachs are providing the team with $300 million in loans.
The team has yet to draw on $350 million of the $380 million in public financing approved under Nevada legislation in 2023.
The A’s have also raised additional capital through minority investments. Harbinger Sports Partners, an investment fund that includes Dallas Mavericks minority owner Mark Cuban, recently acquired an undisclosed stake, while a South Korean investment group led by former MLB pitcher Chan Ho Park invested $70 million without disclosing its ownership percentage.
Bally’s plans to return to the remainder of its Las Vegas master plan toward the end of the year, including development of the casino, hotel and entertainment district.
Gaming and Leisure Properties, which committed $175 million toward clearing the former Tropicana site, has $125 million remaining from that commitment. Its President Brandon Moore said the real estate investment trust could consider providing additional funding for the property and infrastructure.
“There may be an opportunity for us to invest more in that property and some of that key critical infrastructure,” Moore said. “We’ll take a look at that when that time comes.”
Moore said Bally’s was “coming close” to a plan covering infrastructure such as the podium, utilities and conduits, describing the stadium as “a spectacular event venue that will drive a lot of value to the site.”
Bally’s is also pursuing a $1.7 billion hotel-casino project in Chicago, where it recently halted construction on non-gaming portions of the development amid a dispute over a proposal to expand video gambling terminals.
“We certainly have not lost sight of Las Vegas,” Tomasino said.
The Las Vegas stadium project is expected to anchor the broader development, with the A’s required to have the ballpark ready for the 2028 MLB season.
