The Nevada Legislature will convene Wednesday for a special session to consider whether to provide $380 million in public financing for a stadium that would host the Oakland Athletics on the Las Vegas Strip.
CARSON CITY -- The Nevada Legislature is set to convene Wednesday for a special legislative session to consider whether to provide $380 million in public financing for a $1.5 billion stadium that would host the Oakland Athletics on the Las Vegas Strip.
The public funding would mainly come from $180 million in transferable tax credits and $120 million in county bonds. Backers have pledged that the creation of a special tax district around the proposed stadium would generate enough money to pay off those bonds and interest. The plan would not directly raise taxes.
In this rendering released by the Oakland Athletics, Friday, May 26, 2023, is a view of their proposed new ballpark at the Tropicana site in Las Vegas. The A's would not owe property taxes for the publicly owned stadium. Clark County, which includes Las Vegas, would also contribute $25 million in credit toward infrastructure costs.with disputes over one of the five major budget bills that funds capital improvement projects. On Tuesday, Republican Gov.
Lombardo's office had introduced the stadium financing bill with less than two weeks left in the regular session. It is unclear how many days the second special session will last. Special sessions are fairly common in Nevada's Legislature, which lasts for four months every other year. There have been seven since 2013 for a variety of reasons — pandemic protocols,statewide redistricting, budget disputes and approval for $750 million in public funding to help build Allegiant Stadium when the Oakland Raiders moved to Las Vegas.
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