A stadium financing bill aimed at drawing the Oakland Athletics to Las Vegas cleared a major hurdle Tuesday after being approved by the Nevada Senate, but...
CARSON CITY, Nev. — A stadium financing bill aimed at drawing the Oakland Athletics to Las Vegas cleared a major hurdle Tuesday after being approved by the Nevada Senate, but not before lawmakers amended the measure to strengthen its benefits for the community.
A’s representatives and some Nevada tourism officials have said the measure could add to Las Vegas’ growing sports scene and act as an economic engine. But a growing chorus of economists and some lawmakers have warned that such a project would bring minimal benefits when compared to the hefty public price tag.
“I assure every Nevadan, even those of you who have concerns about this bill — I assure you that if you see where the bill started and where it is now, that there’s not a single Nevadan that won’t say this bill was much better,” said Democratic Sen. Edgar Flores. Amendments to the bill include diversity requirements for stadium and construction jobs as well as community service requirements for Athletics players. They also would accelerate the funneling of money generated from operations to a homelessness prevention account and make a larger share of $180 million in state transferable tax credits that are proposed for the stadium refundable to the state.
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