The Oakland Athletics have signed a binding agreement to purchase land for a new retractable-roof ballpark in Las Vegas after being unable to build a new venue in the Bay Area.
Team President Dave Kaval said Wednesday night the team finalized a deal last week to buy the 49-acre site close to the Las Vegas Strip, where the A’s plan to build the stadium with a seating capacity of 30,000 to 35,000.
The A’s will work with Nevada and Clark County on a public-private partnership to fund the stadium. Kaval said the A’s hope to break ground by next year and hope to move to their new home by 2027.
“It’s obviously a very big milestone for us,” Kaval said. “We spent almost two years working in Las Vegas to try to determine a location that works for a long-term home. To identify a site and have a purchase agreement is a big step.”