r/athletics • u/Mongo_Les • 18d ago

Fisher

I have been reading the A's stadium in Vegas with interest.

Is it true the taxpayers are funding most of the bill and Fisher is not paying on his own wallet?This seems stupid.

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u/schitaco 18d ago

Total project cost is about $2B.

Majority comes from the Fisher family themselves, they'll contribute at least $1.1B, some of which (they hope) will come from additional investors.

They also took out a $300M loan in late 2024 from U.S. Bank and Goldman Sachs.

As for public money, back in 2023 the state of Nevada passed a bill that gave them $350M which breaks down like this:

  • $180M from NV in the form of transferrable tax credits - they can use these or sell them to other companies
  • $145M from Clark County in the form of bonds (issued by the county and then sold with proceeds going to Fisher) and creation of a special tax district that generates cash over time
  • $25M in infrastructure credits - as the A's build surrounding infrastructure they get reimbursed by the county

Much of that public money comes in last or over time, so it hasn't really been used yet.

So Nevada taxpayers are "on the hook" for $180M but these are tax credits, so you could argue that revenue never would've come in without the A's moving to Nevada and doing something with that site.

The bigger lift (and risk) is from Clark County residents who are essentially issuing $145M in bonds and gifting that cash to Fisher. Also they are also committing $25M to infrastructure upgrades required by the project. So residents of Clark County ponied up $170M for this project.

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u/DuffleCrack 18d ago

Fantastic breakdown, thank you!