Project Overview and Developer
The new Las Vegas stadium is being developed by a joint venture led by the Oakland Athletics ownership group and the Las Vegas Sands Corporation, with the project formally approved by Nevada state regulators in 2024. The venue is planned as a fixed-roof, multi-use stadium with a capacity of approximately 33,000 to 35,000 seats, designed primarily for Major League Baseball and major entertainment events. The site is located on the Las Vegas Strip near the Sands Expo and Convention Center, with construction timelines targeting a 2028 opening if financing and permitting milestones are met Forbes coverage.
The development team includes HNTB as the lead architectural and engineering firm, with AECOM providing program management services, while local contractor Mortenson Construction has been identified as a likely builder based on prior Las Vegas venue projects. The project is structured as a privately funded stadium with public incentives limited to infrastructure improvements and tax abatements negotiated through the Nevada Legislature Forbes breakdown.
Cost, Funding Structure, and Public Incentives
Total project cost estimates for the new Las Vegas stadium are reported in the range of 1.5 billion to 2 billion dollars, with funding sourced from a mix of private equity, team ownership contributions, and non-recourse public financing instruments including stadium district bonds. The public financing component relies on a proposed tax increment financing district and a limited portion of room and entertainment taxes, with proponents emphasizing that no general fund dollars from the state or city would be used for direct construction SEC filings.
Under the current financing plan, the stadium district would issue bonds backed by incremental tax revenues, with annual debt service covered by a combination of lease payments from the team and revenue from non-baseball events such as concerts and conventions. The Athletics ownership has committed to a personal seat license and naming rights contribution structure, while Las Vegas Sands is providing land and infrastructure concessions valued at several hundred million dollars Forbes analysis.
Timeline, Capacity, and Economic Impact
Construction is expected to begin in 2026 if financing closes on schedule, with a targeted completion date in 2028 aligned with the Athletics' anticipated first season in Las Vegas. The stadium is designed to meet LEED Gold sustainability standards, featuring a fixed translucent roof, solar canopy integration, and water-efficient landscaping, with seating configurations optimized for both baseball and large-scale concerts Forbes details.
Economic impact projections estimate the new Las Vegas stadium will generate over 10,000 construction jobs and approximately 3,000 permanent operational positions, with an annual economic contribution to the local economy projected at 500 million dollars or more once the venue is fully operational. The project is positioned as a centerpiece of Las Vegas's broader