Details on activity by all involved. Construction expected to start as early as April
Oct 18, 2024 4:18:33 GMT -8
Post by LVfan on Oct 18, 2024 4:18:33 GMT -8
More details. Bottom line, all positive, construction planned to start as early as April
Excerpts:
The breakdown is at least $850 million from A’s owner John Fisher’s family, $300 million in debt taken on by the A’s and at least $350 million of the available $380 million of public funding, made possible by the signing of Senate Bill 1.
Last week, Hill said he had the opportunity to review the Fisher family finances, as did a third party, and he has no doubt the family has the equity needed and is willing to provide that funding for the ballpark.
“They’re going to do this,” Hill said. “It’s going to happen.”
The A’s will present their financing plan, to prove they are able to pay for their $1 billion-plus portion of the project, to the stadium authority at either the Oct. 31 meeting or the Dec. 5 meeting, Hill said. That is needed for the stadium authority to approve and sign off on the three remaining agreements.
The A’s, who will build the stadium, Bally’s Corp., which leases the land from GLPI and plans to build a new integrated resort on the remaining acreage of the 35-acre site, and GLPI are all included in the deed process with the stadium authority.
www.reviewjournal.com/sports/athletics/as-vegas-ballpark-price-tag-could-grow-before-construction-begins-3191863/
Excerpts:
The breakdown is at least $850 million from A’s owner John Fisher’s family, $300 million in debt taken on by the A’s and at least $350 million of the available $380 million of public funding, made possible by the signing of Senate Bill 1.
Last week, Hill said he had the opportunity to review the Fisher family finances, as did a third party, and he has no doubt the family has the equity needed and is willing to provide that funding for the ballpark.
“They’re going to do this,” Hill said. “It’s going to happen.”
The A’s will present their financing plan, to prove they are able to pay for their $1 billion-plus portion of the project, to the stadium authority at either the Oct. 31 meeting or the Dec. 5 meeting, Hill said. That is needed for the stadium authority to approve and sign off on the three remaining agreements.
The A’s, who will build the stadium, Bally’s Corp., which leases the land from GLPI and plans to build a new integrated resort on the remaining acreage of the 35-acre site, and GLPI are all included in the deed process with the stadium authority.
www.reviewjournal.com/sports/athletics/as-vegas-ballpark-price-tag-could-grow-before-construction-begins-3191863/
