Oakland A’s secure crucial votes in Nevada, close in on $380 million stadium deal

0

Nevada lawmakers on Tuesday granted the A’s a crucial win in their dreams of a state-of-the-art, $1.5 billion Las Vegas ballpark, part of a whirlwind day for Oakland’s last major sports franchise.

The Nevada state Senate voted 13-8 to approve up to $380 million in public money for a stadium on the Vegas strip, setting up a vote in the Assembly that could seal the deal after the team at the 11th hour promised to provide new community benefits.

If approved by the Legislature, the bill is widely expected to be signed by Republican Gov. Joe Lombardo.

Back home, the East Bay’s most prominent lawmaker went on the offensive Tuesday, announcing new federal legislation — the “Moneyball Act” — that would force the A’s to compensate Oakland if the team does skip town.

And at the Coliseum, thousands of fans who have been following the never-ending stadium drama were gearing up to pack Tuesday’s home game for a cathartic release of anger toward billionaire team owner John Fisher.

In all, it was a climactic afternoon for the worst team in Major League Baseball, despite being on a six-game win streak since last week.

But the A’s nonetheless emerged victorious where perhaps it matters most: They now are just one step away from securing taxpayer money for some construction costs of the proposed ballpark.

The majority-Democratic Nevada Senate first met to consider the Athletics’ proposal nearly a week ago but spent several days in recess while the A’s appeared to be working on flipping votes.

The updated legislation contains key amendments that won over some initially skeptical senators. Surplus revenues from the eventual tax district around the ballpark now will go toward a $5 million homelessness prevention fund, while the bill’s language will require large companies to fund paid family leave for their workers.

These amendments originally were separate bills that Gov. Lombardo vetoed during the Legislature’s regular session, but the A’s agreed to bake the revived language into the ballpark proposal.

“I believe there are provisions in this legislation that actually deliver for the people of this state,” said Sen. Fabian Doñate, a Democrat who notably had grilled A’s President Dave Kaval with tough questions at a session last week.

By the end, the long list of community benefits appeared to be turning off a Republican senator who initially had backed the deal, while another, Sen. Ira Hansen, likened the project to “socialism” and criticized members of his party for agreeing to subsidize a private enterprise.

“Why are we now deciding that the government should replace the free market?” Hansen said at Tuesday’s session. “These baseball teams for the last 50 years have been doing this to communities across the nation. At some point, when are we going to break this cycle?”

The bill has now reached the Nevada Assembly, which on Tuesday afternoon held an informational session with team-hired financial analyst, Jeremy Aguero, about the project’s details, and then heard public comments. The Assembly adjourned until 11 a.m. on Wednesday, when they will likely begin their voting process.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest  Business News Click Here 

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
Leave a comment