Athletics team president says the club had been operating on parallel tracks, also pursuing a plan for a new home in the San Francisco Bay Area. ‘We're...
OAKLAND, Calif. — The Oakland Athletics have signed a binding agreement to purchase land for a new retractable roof ballpark in Las Vegas after being unable to build a new venue in the Bay Area.
Team president Dave Kaval said Wednesday night the team finalized a deal last week to buy the 49-acre site where the A’s plan to build the stadium close to the Las Vegas Strip with a seating capacity of 30,000 to 35,000. The A’s had been looking for a new home for years to replace the outdated and run-down Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. They had sought to build a stadium in Fremont and San Jose before shifting their attention to the Oakland waterfront.
“We’re turning our full attention to Las Vegas,” Kaval said. “We were on parallel paths before. But we’re focused really on Las Vegas as our path to find a future home for the A’s.” “I am incredibly proud of what we have accomplished as a City, including securing a fully entitled site and over $375 million in new infrastructure investment that will benefit Oakland and its Port for generations to come. In a time of budget deficits, I refuse to compromise the safety and well-being of our residents. Given these realities, we are ceasing negotiations and moving forward on alternatives for the redevelopment of Howard Terminal.
Oakland had the lowest Opening Day payroll in baseball at at $58 million — less than the combined salaries of Mets pitchers Max Scherzer and Justin Verlander, who tied for the major league high of $43.3 million.
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