The Athletics and Bally’s announced a deal that charges the latter with constructing a 35,000-seat arena with a retractable roof. It will be spread across the casino’s 35 acres of land, leased by Gaming and Leisure Properties Inc., which will also contribute an extra $175 million in exchange for a corresponding increase in rent.
Tropicana employees were concerned about the future of their careers given the imminent closure. The company posted its response online in an FAQ section, stating “[Tropicana] will be given preference on employment opportunities and Bally’s will maintain employee seniority.”
Bally’s also reiterated that while the deal has been agreed to in principle, it has not been finalized and could still fall through.
As proof, the A’s were actually going to be working with Red Rock Resorts to build a stadium on top of the old Wild Wild West Gambling Hall and Hotel site, a 49-acre lot that was demolished last year. The two parties reportedly signed a binding agreement, but it failed to materialize.
An area that is holding up full approval for the deal is permission from Clark County, Nevada, and MLB itself. If any of those three reject the idea, it would need to come up with a workaround or risk a delayed move.
The $395 million is coming in the form of public funding, which must also be agreed upon for the deal to be finalized. The expectation is that there will be a decision by June 5, the final day of Nevada’s legislative session.