Athletics’ Las Vegas ballpark tax district approved by county commission

[LVfan]

Taxes from the Sports and Entertainment Improvement District will repay bonds issued by Clark County. People who go to events at the ballpark will pay the tax; people who don't go pay nothing.

Aside from the $120 million pledged toward the construction of the project, Clark County will also contribute $25 million toward infrastructure upgrades around the stadium site. The state will contribute $180 million via transferable tax credits, which was included in Senate Bill 1 passed by lawmakers in 2023.

Once the county bonds are paid off, the improvement district would be discontinued and the taxes from the stadium would then flow to the county and state.

The A’s are still working with Bally’s Corp. and landowner GLPI to finalize the transferring of the deed for the nine acres to the A’s. The A’s will then transfer the land to the Las Vegas Stadium Authority, which will own the land and the stadium once it is completed.

https://www.reviewjournal.com/?p=3351703