The first thing you learn in baseball is when you get up to the plate, you can’t hit a homerun unless you swing the bat. Well, the Rio All Suite Hotel & Casino took a huge swing at landing the site of the future home of the Las Vegas A’s. It was a big whiff.
The Nevada Independent is reporting that the struggling off-strip casino’s owner attempted to woo the Athletics with a killer deal. 22 acres of land in the sprawling Rio parking lot for less than the cost of a 20 ounce soda: $1.
While this is an almost foolproof method of winning in The Price Is Right, unfortunately it didn’t work out too well in this item up for bids.
Why would the A’s deny practically free land in Las Vegas?
As we know, the A’s decided on taking nearly 50 acres of former Wild Wild West land off of Tropicana and Dean Martin. Scuttlebutt is that they paid Red Rock Resorts as much as $150 million for the land. That’s exactly $149,999,999 more than the Rio land.
Like most real estate deals, it all came down to location, location, location. The Rio’s plot of land, while a blank slate and ready to go, is not necessarily in the “resort corridor”. Fans would have to take a dark tunnel on Frank Sinatra or take a really long hike across Flamingo to visit the site. Meanwhile, the Wild Wild West property is considerably closer to the resorts of the Las Vegas Strip. Not to mention the potential footbridge that would connect “The Park,” where T-Mobile Arena is, to the A’s site had the team’s eyes wide.
It does make you think though… if you’ve got the money to pass up free land… you’ve probably got the money to pay for the entire project yourself.