The A’s rejected that location, and when a deal for the 37-acre Las Vegas Festival Grounds at the corner of the Strip and Sahara Avenue collapsed, the team announced a binding agreement last week to acquire 49 acres bordered by Tropicana Avenue and Dean Martin Drive as the site for a $1.5 billion, 35,000-seat, retractable-roof stadium and entertainment complex. “I'm pretty good at math I would assume that if you had no land price, and another site did have a land price, that the total sum of dollars needed for a development of a stadium would be less than the site that did have a land price associated with it.” That makes the development deal look a lot better,” Birnbaum said. The Oakland A’s, seeking $500 million in public financing for a new baseball stadium site just west of the Strip, could have paid only $1 for another site in the resort corridor.Įric Birnbaum, CEO of New York-based Dreamscape Cos., which acquired the Rio Hotel & Casino in 2019, told The Nevada Independent the company offered to sell the A’s roughly 22 acres of the nearly 90-acre, off-Strip site for $1.īirnbaum said the transaction could have greatly reduced some of the costs associated with the land acquisition.
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