• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

2

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

3

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

1

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

2

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

3

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line
FinanceSports

Nevada lawmakers approve $380m in public funding for stadium to bring Oakland Athletics MLB team to Las Vegas

By
Scott Sonner
Scott Sonner
,
Gabe Stern
Gabe Stern
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Scott Sonner
Scott Sonner
,
Gabe Stern
Gabe Stern
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 15, 2023, 5:33 AM ET
A rendering of the proposed new ballpark at the Tropicana site in Las Vegas.
A rendering of the proposed new ballpark at the Tropicana site in Las Vegas. Oakland Athletics—AP
Add Fortune on Google for similar content.

The Oakland Athletics cleared a major hurdle for their planned relocation to Las Vegas after the Nevada Legislature gave final approval on Wednesday to public funding for a portion of a proposed $1.5 billion stadium with a retractable roof.

Recommended Video

The deal that backers said will help further establish Las Vegas as the new “entertainment and sports capital of the world” still needs the governor’s signature, and MLB still must approve the A’s move to the Las Vegas Strip, but both are anticipated.

The Assembly approved the final version of the bill with $380 million in taxpayer money on a 25-15 vote after making minor changes to the measure the Senate approved on a 13-8 vote Tuesday just hours before the Vegas Golden Knights won the Stanley Cup.

The Senate accepted the changes with no debate on a voice vote Wednesday night and sent it to the governor’s desk as an “emergency measure” adopted during the special legislative session that convened with Democratic majorities in both houses June 7. Republican Gov. Joe Lombardo had proposed the stadium spending plan.

The governor’s office didn’t immediately respond to requests for comments Wednesday night from The Associated Press. The A’s said in a statement released by the team they look forward to “Lombardo’s signature as our next step” as they “work to bring the Athletics to Las Vegas.”

The $380 million in public funding would mainly come from $180 million in transferable tax credits and $120 million in county bonds. Backers have pledged that the creation of a special tax district around the proposed stadium — that would be the smallest in Major League Baseball — would generate enough money to pay off those bonds and interest. The plan would not directly raise taxes.

The Nevada plan had revived the national debate over public funding for private sports clubs. A’s representatives and some Nevada tourism officials have said the measure could add to Las Vegas’ growing sports scene and act as an economic engine. But a growing chorus of economists and some lawmakers have warned that such a project would bring minimal benefits when compared to the hefty public price tag.

Assemblywoman Selena La Rue Hatch, D-Reno, said Wednesday night she couldn’t support the public financing given a lack of funding for Nevada’s overcrowded classrooms, inadequate child care services and “people sleeping on the streets.”

“No amount of amendments are going to change the fact we are giving millions of public dollars to a billionaire,” she said.

Under the deal approved Wednesday, the A’s would not owe property taxes for the publicly owned stadium. Clark County, which includes Las Vegas, would also contribute $25 million in credit toward infrastructure costs. The final version of the bill shifted some money that had been targeted for homeless programs to funds for low-income housing.

The Legislature’s vote is a victory in the A’s troubled search to replace Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. The team previously sought to build a stadium in Fremont, California, as well as San Jose and finally the Oakland waterfront — all ideas that never materialized.

Oakland Mayor Sheng Thao said after the vote California’s Legislature had passed three pieces of legislation to support construction of a new A’s ballpark at Howard Terminal.

“The A’s have been part of Oakland for more than half a century, and they belong in this city,” she said in a statement. “There is no city that has worked harder to meet the needs of a team than Oakland.”

The new 30,000-seat baseball stadium is planned along the Las Vegas Strip not far from the Knights’ T-Mobile Arena and another stadium that’s home to the NFL’s Las Vegas Raiders, who also left Oakland for Vegas in 2020.

A last-minute bill in Nevada’s 2016 special session had paved the way for $750 million in public funding from hotel room taxes for the Raiders $2 billion Allegiant Stadium.

No public money was spent on the arena for the expansion hockey team.

In places like Buffalo and Oakland, proponents of new stadiums have argued tax incentives prevent the departure of decades-old businesses. But the debate in Nevada differed. The state already heavily relies on entertainment and tourism to power its economy, and lawmakers or appointed boards for years have talked about diversifying the economy to justify incentives to businesses including Tesla.

Assemblywoman Shea Backus, D-Las Vegas, said in addition to creating 14,000 construction jobs and permanent jobs subject to collective bargaining, major league baseball will build on the excitement surrounding the Raiders, the Golden Knights and the WNBA’s Aces in a city that had no major professional sports before 2016.

“With the Aces winning a national championship last year and the Golden Knights securing the Stanley Cup just last night, it is clear Las Vegas is clearly becoming the entertainment and sports capital of the world,” she said.

About the Authors
By Scott Sonner
See full bioRight Arrow Button Icon
By Gabe Stern
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
EconomyJobs
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
By Jason MaAugust 1, 2026
6 hours ago
Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating
CybersecurityFBI
Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating
By Michael Casey and The Associated PressAugust 1, 2026
8 hours ago
Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
EconomyFederal Reserve
Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
By Jason MaAugust 1, 2026
9 hours ago
Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
Middle EastIran
Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
By Jason MaAugust 1, 2026
12 hours ago
Exxon, Chevron warn fuel prices to endure as war knocks refining
Energyfuel
Exxon, Chevron warn fuel prices to endure as war knocks refining
By Kevin Crowley and BloombergAugust 1, 2026
14 hours ago
Bessent joins Japan to help reverse months of yen losses
EconomyCurrency
Bessent joins Japan to help reverse months of yen losses
By Shintaro Inkyo, Masahiro Hidaka and BloombergAugust 1, 2026
14 hours ago

Most Popular

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
Success
Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
By Preston ForeAugust 1, 2026
16 hours ago
Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
Personal Finance
Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
By Nick LichtenbergJuly 31, 2026
2 days ago
The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line
Retail
The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line
By Tatiana SatauaJuly 31, 2026
2 days ago
Jensen Huang says this is the greatest time in history to start a business—and his advice is to stop overthinking it: 'How hard can it be?’
Success
Jensen Huang says this is the greatest time in history to start a business—and his advice is to stop overthinking it: 'How hard can it be?’
By Preston ForeJuly 31, 2026
2 days ago
'Retiring backwards': How cold economic reality forced Gen X into something like the reverse of baby boomers' golden years
Success
'Retiring backwards': How cold economic reality forced Gen X into something like the reverse of baby boomers' golden years
By Nick LichtenbergJuly 31, 2026
2 days ago
Polar bears roll in beds of ice cubes at Prague Zoo as Europe battles record heat
Environment
Polar bears roll in beds of ice cubes at Prague Zoo as Europe battles record heat
By The Associated PressJuly 30, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.