LAS VEGAS (KSNV) — Officials will soon discuss new drafts for lease, development and non-relocation agreements from the Athletics for a new Las Vegas baseball stadium.
An agenda for the Las Vegas Stadium Authority Board for Thursday, Oct. 17, includes presentations of the latest draft copies. Those agreements are needed to approve the construction of the new baseball stadium.
The items are listed as information only, and the board will not take action on them.
A second draft copy of the lease was presented to the board back in August. At the time,Stadium Authority Administrator Ed Finger told the board that completion of the lease was expected by December.
There will be a presentation on the creation of a Sports and Entertainment and Improvement District, or SEID. Taxes generated in the SEID will pay for the bonds issued to help fund the stadium.
The board will consider approving resolutions to create a baseball stadium tax account, capital projects fund, and debt service fund.
Missing from the agenda is word on the A’s side of financing for the $1.5 billion stadium.
While Nevada has committed up to $380 million in public funding for construction, A’s owner John Fisher has not yet committed to private financing sources.