Remember when the Oakland A’s got in a binding agreement to buy land in Southern Nevada for a new stadium? Remember when they then got into another binding agreement to buy land. It’s been a confusing journey so far. But hey, the public financing is a done deal so at least that is covered, right? Well not quite, if a new petition referendum filed by Schools Over Stadium PAC has anything to do with it.
On Wednesday, the group filed documents that would potentially bring the Athletics stadium deal to a public referendum vote next year. If the attempt is successful, given the public polling we’ve seen so far, there’s a less than zero chance the state would vote against a portion of the hefty $380,000,000 in public financing for the new digs.
The Nevada portion of the A’s funding is what is up for grabs
While $380,000,000 is a large sum of money, “only” $180,000,000 is coming from the state of Nevada. The other $200,000,000 is coming from Clark County. That portion of the funding isn’t what is up for debate with this filing. Although people within Clark County may wish it were.
There are worries that if the county is unable to live up to their debt obligations, they’ll have to raise funds in a different way. That way would potentially be you, through higher taxes in the county to make up the shortfall.
Was the Raiders deal this expensive?
More expensive, but with a different pot of money. While the Raiders deal for Allegiant Stadium ended up costing $750,000,000 in public funding, that funding is being picked up by visitors. A tax is tacked on to every visitor who comes to our fair city to pay the tab. There’s an emergency fund that they already had to dip into during COVID.
The Allegiant Stadium deal was one of the richest public financing stadium deals in American history.