https://www.youtube.com/watch?v=ZdIhgnbU11Y
Oakland News Online Blog – vlog by Zennie62 YouTube. OaklandNewsOnline.com is the original blog post for this content.
Oakland A’s Will Spend Over $100 Million To Build Ballpark At Las Vegas Strip Off 1-15 Freeway
It’s easy to forget that the the Oakland Athletics are part of the Major League Baseball group of organizations, and it is easier still for many to forget that the A’s concern is to go where the best revenue-potential exists. Right now, or until California approves sports gambling (which its seemed allergic to do) and Major League Baseball takes it’s focus off Las Vegas, the Oakland A’s are headed to Las Vegas.
It’s easy for many to forget that the main problem here is with how the City of Oakland has handled this entire matter, but Oakland A’s fans and mainstream media, seem obsessed with giving the government a pass. A’s fans, perhaps because they feel like their going over a beaten path, and the SF-directed mainstream media because it seems to think access is the most important factor. (It’s not.).
Both some A’s fans and the SF-directed mainstream media have propped up the idea that the Oakland A’s should stay and tolerate a totally awful government partner in the City of Oakland.
The City of Oakland seems more interested in maintaining the pathologies it has to deal with, than doing anything to use the giant value of sports venues to generate property tax revenues via tax increment financing, which can be used under EIFD law to finance everything from extremely affordable housing to head-start programs to business pandemic recovery grants, to facade clear-up in business improvement districts, and assistance to landlords and tenants.
Because of the City of Oakland’s completely misguided behavior, on March 27th, 2021, Major League Baseball Commissioner Rob Manfred announced he asked the A’s to look at moving to Las Vegas. And what have the A’s found? A city and state 100 percent committed to sports economic development.
And the Oakland A’s want to be on the Las Vegas Strip, and that is why they’ve put offers down for land, and the offers are not cheap: between $70 million and just over $100 million. Consider that Bally’s is leasing the Tropicana for $350 million, and you understand that what the A’s have spent and are planning to spend via their bids for land, and overall the spending is on par with what they’ve spent in Oakland.
So, in closing, do not forget that all of this is the fault of the over-politicized City of Oakland.
Stay tuned.
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