The Clark County Commission has unanimously voted in a Sports and Entertainment Improvement District (SEID) that will collect taxes to help pay for a proposed new $1.75bn stadium for MLB’s Athletics on the Las Vegas Strip.
The Commission, to which Nevada handed jurisdiction over the Strip in 2021, approved the district, which it says aims to collect $120m in new taxes.
According to Covers, Clark County will use the tax money to repay “county-issued bonds and fund its share of the financial obligation” for the new stadium project.
pushing up the contribution from the public to nearly $380m
Besides the $120m tax break, Clark County will also inject $25m of its own funds into infrastructure development around the ballpark. The state of Nevada, meanwhile, will pony up $180m in transferable tax credits, pushing up the contribution from the public to nearly $380m.
Covers reports that the creation of the SEID is a central pillar of the ballpark’s financial package, designed to soften the full cost blow on private capital.
While the final stadium development agreement between Clark County and the A’s has yet to be inked, initial site work on the stadium has been approved, with groundbreaking slated for June.
The hope is that the A’s will kick off the 2028 MLB season from their new Las Vegas home. Until then, the franchise is playing its home games at Sutter Health Park in Sacramento.
