A\'s Vegas Ballpark A Go Despite $250M Increase In Costs
The Athletics\' new Las Vegas ballpark will cost $250 million more than originally projected, but owner John Fisher is still expected to pay his share of the cost.
In a letter to the Las Vegas stadium authority, U.S. Bank senior vice president Stephen Vogel wrote that Fisher, whose net worth is an estimated $3.2 billion, and his family can comfortably afford the now $1.75 billion project.
U.S. Bank and Goldman Sachs are loaning Fisher $300 million for construction costs, while the public sector is chipping in $380 million, per a report.
Fisher is still recruiting minority equity investors but has not yet given a clear picture on how he will fund the rest of the project. He has said he and his family will contribute as much as $1.1 billion.
The ballpark was originally slated to cost $1.5 billion.
Construction on the stadium is scheduled to start next spring. The A\'s hope their new home will be ready for Opening Day 2028.