The Athletics have poured $300 million into their Las Vegas ballpark, with team owner John Fisher covering those costs entirely through equity, according to A’s vice chairman Sandy Dean. The $2 billion project is on track for a 2028 opening, with steel work expected to begin in March.
Dean confirmed the team has not yet drawn on its $300 million construction loan or the up to $380 million in public funding, noting, “That hasn’t been drawn yet, I can’t say exactly when we’ll get to that. The public money, we’ve thought for a little while it would be a little more back end weighted.”
Several additional minority ownership deals have been finalized, though Dean declined to provide specifics. Previously, the A’s announced a concessionaire partnership with Aramark Sports valued at $175 million, and a $70 million deal with a Korean group including former MLB pitcher Chan Ho Park.
Construction Milestones
Project director Tyler Van Eeckhaut of Mortenson-McCarthy outlined key milestones expected by the May 21 stadium authority meeting, including bowl and perimeter steel placement, roof steel material deliveries, and installation of precast concrete on main concourse and upper suite levels. “We’re nearing two years left to completion,” Van Eeckhaut said.
A’s President Marc Badain noted the $300 million in work is visible on site, with 300 to 400 workers active daily. “Everything you see out there and the 300, 400 people (working on it), it all costs money. So the Fisher family has funded that via equity, and we passed $300 million a couple of weeks ago,” Badain said.
The ballpark tax district has generated $1.2 million as of November, primarily from sales and use taxes tied to construction.
Bally’s Development
Bally’s Corp. must begin three initial parts of its $1.19 billion project by January 2027 to be ready for Opening Day 2028. Those include a shared central utility plant, a seven-level parking garage, and food and beverage spaces. Dean expressed confidence in Bally’s timeline, saying, “We expect to be able to report on (the Bally’s project) in May.”
Personal Seat License Plan
The A’s formally introduced a personal seat license (PSL) plan for premium seating. Of the 30,000 fixed seats, 5,533 are premium, and about 20% of total seats will carry a PSL. Proceeds will fund construction. General seating will not require a PSL, and season ticket prices will include options at $20 to $30 per game. Stadium Authority chairman Steve Hill expects to finalize the PSL plan on March 4, after which sales can begin. Badain cited “tremendous demand” for the PSL program.
