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.
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.
The proposed 30,000-seat stadium would be the smallest in Major League Baseball.
The Legislaturewith disputes over one of the five major budget bills that funds capital improvement projects. On Tuesday, Republican Gov. Joe Lombardo held a special legislative session to pass that bill.
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.
The A's have been looking for a home to replace Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. The team previously sought to build a stadium in Fremont, California, as well as San Jose and finally the Oakland waterfront — all ideas that never materialized.
MLB Commissioner Rob Manfred has said thatcould take place when owners meet June 13-15 in New York.
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