Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeSportsBaseballMLB News: A's Vegas ballpark cost rises to $1.75B; bank says owner...

MLB News: A’s Vegas ballpark cost rises to $1.75B; bank says owner can afford

Add to Favorite
Added to Favorite


The Athletics’ new Las Vegas ballpark will cost $250 million more than originally projected, but team owner John Fisher is still expected to foot his share of the bill.

In a letter to the Las Vegas’s stadium authority, U.S. Bank senior vice president Stephen Vogel wrote that Fisher, whose net worth is an estimated $3.2 billion, and his family can comfortably afford the now $1.75 billion project.

“We conclude that the Fisher family and their related entities have financial assets (excluding their interest in the Athletics Major League Baseball franchise) more than sufficient to fund the equity portion of the proposed capital structure for the Athletics’ Las Vegas stadium,” Vogel wrote.

U.S. Bank and Goldman Sachs are loaning Fisher $300 million for construction costs, while the public sector is chipping in $380 million, per Front Office Sports.

Fisher is still recruiting minority equity investors but has not yet given a clear picture on how he will fund the rest of the project. Fisher has said he and his family will contribute as much as $1.1 billion.

The ballpark was originally slated to cost $1.5 billion, but improvements to fan and player amenities — including suite spaces — have raised the bill.

Construction on the stadium is scheduled to start next spring. The A’s hope their new home will be ready for Opening Day 2028.

Until then, the team will play its home games at Sutter Health Park, a minor league stadium in Sacramento, Calif., that seats about 14,000 fans.

The A’s had called Oakland home from 1968 to 2024, but Fisher elected to move the team after failing to agree with the city on terms for building a new stadium in the Bay Area.

–Field Level Media

Subscribe to get Latest News Updates

Latest News

You may like more
more

NCAAF News: South Florida beats San Jose State in 5 OTs at Hawaii Bowl

Keshaun Singleton caught a game-winning two-point pass from Bryce...

NCAAF News: Star players sit out as Iowa battles No. 19 Missouri in Music City Bowl

Like every team in postseason play, Iowa suffered defections...

NCAAF News: In-state rivals NC State, East Carolina meet in Military Bowl

East Carolina turned its season around following an October...