Oakland A’s president Dave Kaval announced the team has signed a binding agreement to purchase land near the Las Vegas Strip, with the intent to build a $1.5 billion stadium on the site.
The Oakland Athletics have signed a binding agreement to purchase land near the Las Vegas Strip, where they intend to construct a major league ballpark, team president Dave Kaval told the Las Vegas Review-Journal on Wednesday.
The agreement is for a 49-acre site owned by Red Rock Resorts, the parent company of Station Casinos.
Kaval told the Review-Journal a $1.5 billion, 35,000-seat, partially retractable roof stadium would be built on the site, adding that other developments, including restaurants and an amphitheater, are also being discussed.
«For a while we were on parallel paths [with Oakland] but we have turned our attention to Las Vegas to get a deal here for the A’s and find a long-term home.» Kaval told the Review-Journal. «Oakland has been a great home for us for over 50 years, but we really need this 20-year saga completed and we feel there’s a path here in Southern Nevada to do that.
