The Oakland Athletics have informed the Las Vegas Stadium Authority that they do not anticipate utilizing the full $380 million in public funds allocated for the construction of a new stadium in Las Vegas. The team plans to utilize $350 million of the allocated funds, leaving $30 million unspent. Additionally, the Athletics intend to finance $300 million of the stadium cost, although they have yet to secure any lenders for this portion of the project.
According to the team executive, there has been significant interest from various companies looking to participate in the financing of the stadium. The remaining $800 million required for the $1.5 billion stadium project will be sourced from private equity.
