Source: Joint announcement coming as Oakland A’s, Nevada lawmakers reach verbal agreement on ballpark
LAS VEGAS, Nev. (FOX5) - A joint announcement is expected Wednesday from the Oakland A’s, Nevada lawmakers and Clark County officials reached a verbal agreement on terms for a ballpark.
Nevada lawmakers are willing to offer $180 million in bonding and tax breaks to the Oakland A’s, according to a source late Tuesday, lower than figures FOX5 has previously reported.
Lawmakers have discussed using $125 million in Clark County bonds for the project, and FOX5 has learned that Tuesday’s talks resulted in $25 million of county funding.
Some lawmakers want Clark County to split financing burdens with the state.
The A’s have requested $395 million in financing and tax breaks. Those at the table have asked the Oakland A’s to invest more money into the deal.
This is a developing story. Check back for updates.
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