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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)
Just imagine if teams would buy the bitcoin now for the stadium they'll need later.
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hey, I just said that lol
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Do they have new renderings. I saw the initial ones prior to get approvals and such. Looked really cool. Do you know if plans are the same?
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Came across these today! Looks very nice
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I think those were the ones I saw. Really nice.
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I didn’t see anything in the post. I was looking for something but found nothing
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I always feel stadiums are just a loss. I get the stadiums get old after a while, but just update them instead of building new. Or why cant sports share? I get the A's are moving, so they need to build a new stadium, but isnt LV full of stadiums? You know, if they put the money into btc and take it out when they need, they might make profit by 2028.
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Vegas has never had a pro baseball team.
Owners want luxury seats that old stadiums don't have.
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They As were known for spending money where it mattered.
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Oakland's stadium is outdated which is why the Raiders left twice.
The stadium is owned by the city of Oakland.
The A's have the lowest payroll in baseball, I think.
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Yes, it is outdated. Just like every other stadium. But it could be upgraded for a fraction of the cost to build a new one. But it doesnt matter because they are moving away after 3 season.
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Oakland Coliseum was built in 1966. No other stadium is that old except for Fenway Park and Wrigley Field.
Oakland Coliseum was used for football and baseball.
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I hear ya. with all the needs that Las Vegas has we constantly spend on entertainment at the expense taxpayers.
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Las Vegas needs to figure out their water situation. Unless they figure out a permanent solution, they are forever going to be depending on other sources of water. Can you imagine how many toilets get flushed at a stadium?
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Source of the pictures. Looks like it’s a go!
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