This is slated to be the only legislative hearing for state and county financial support for a new Las Vegas ballpark. The bill places a limit on public assistance at $380 million, with the state issuing $180 million in transferable tax credits and Clark County floating at least $120 million in bonding backed by tax-increment financing district encompassing the ballpark, covering all tax revenues generated by the ballpark. The A’s would sign a 30-year lease and cover all cost overruns on the $1.5-billion, 30,000-seat retractable-roof ballpark. A 2028 opening day is now anticipated for the new MLB facility. It also has local union support from Culinary Workers Local 226 and the Southern Nevada Building Trades.
