A\'s Vegas Ballpark A Go Despite $250M Increase In Costs

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A\'s Vegas Ballpark A Go Despite $250M Increase In Costs 

Post#1 » by RealGM Wiretap » Wed Dec 4, 2024 1:14 pm

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.

Via Field Level Media

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