USD/BTC = $96,302
Block 876,476
The cost of the Athletics’ planned Las Vegas ballpark has increased by a quarter-billion dollars, according to Las Vegas Stadium Authority documents.
The stadium’s projected$1.5 billion price tag has risen to $1.75 billion because of inflation and the addition of 70,000 square feet of ballpark features.
New elements added during the stadium’s design phase include more clubs and suites, upgraded general admission spaces and player amenities.The A’s Las Vegas ballpark will be the first in Major League Baseball to offer under-seat cooling.
Team owner John Fisher plans to contribute up to $1.1 billion in equity from his family toward the ballpark, with the team set to obtain a $300 million construction loan from U.S. Bank and Goldman Sachs. The A’s expect to use$350 million of the $380 million in public money
earmarked for the project via Senate Bill 1, which was signed into law in June 2023.
Plans call for construction on the A’s 33,000-fan-capacity stadium to begin in the spring and be ready for the team to begin play in Las Vegas in 2028
The public funding isn’t too egregious here. But none the less I expect the cost to inflate another 2,000 BTC (or 1,000 BTC if BTC continues to grow in fiat terms)