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A’s Ballpark in Las Vegas Got Another Price Increase

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A’s Ballpark in Las Vegas Got Another Price Increase


A week and a half ago, we laid out the known financing for the Athletics ballpark in Las Vegas, and discovered that the club and owner John Fisher would still be short by a decent margin–somewhere around $295 million. Earlier this week the A’s broke ground on their new ballpark, but there have been two new reports that have further suggested that the funding just isn’t there.

The first came in the San Francisco Chronicle, where Susan Slusser reported that the A’s Las Vegas project is independent of what happens with the San Jose Earthquakes, according to A’s executive Sandy Dean. The Earthquakes are the team that Fisher is now looking to sell, and we used a potential $600 million windfall from that in our previous calculations, while noting that it likely wouldn’t be that much that would go towards Vegas.

The expectation wasn’t that there would be zero overlap, however.

With that $600 million removed from the Vegas ballpark funding, that would leave Fisher having cobbled together roughly $855 million, or $895 million short of the $1.75 billion initial estimate for the ballpark’s construction. We also noted that the last estimate was provided months ago, before tariffs on steel took hold, and was already a $250 million increase from where it had previously been.

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As the Las Vegas Review-Journal reported this weekend, John Fisher is now admitting that the ballpark will likely cost somewhere around $2 billion, or “thereabouts.” If the cost hadn’t gone up, he would have said something like “oh no, much lower,” but instead he went with the vague “thereabouts.”

Speculation would lead one to believe that the current ballpark figure would be higher than $2 billion as we sit here right now. That the project’s budget is still up in the air would seem to indicate that there is no guaranteed maximum price that has been set for construction, which also means that construction hasn’t really started in earnest. GMP’s are fairly common for projects of this size, and without one, construction typically doesn’t begin.

So to revisit the financials of the ballpark real quick. This would all mean that the $855 Fisher has raised is actually quite a bit short of the (at least) $2 billion in funding he needs for this project. Right around $1.145 billion to be exact. While it may not be something big, the reporting coming out of Las Vegas has routinely stated that the Fisher family will finance up to $1.1 billion themselves, if needed.

The gap would appear to be slightly larger than that figure at present, and without the GMP, there is nothing to protect them from that price continuing to go up. Still, minor investors either being added or announced formally could drop that gap back into the acceptable range for the Fisher family. The question is whether they’ll put up so much of the family fortune for this project.

Even with the groundbreaking behind us, this is still a developing situation–just not on the corner of Las Vegas Boulevard and Tropicana Avenue.

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Court OK’s counting late-arriving mail ballots in Nevada, 29 other states

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Court OK’s counting late-arriving mail ballots in Nevada, 29 other states


LAS VEGAS (KTNV) — Nevada’s laws allowing the counting of mail-in ballots that arrive up to four days after Election Day — so long as they are postmarked by that date — is constitutional under a Monday ruling from the U.S. Supreme Court.

In a 5-4 ruling, justices upheld a challenge to a Mississippi law that’s similar to Nevada’s statute. Justice Amy Coney Barrett and Chief Justice John Roberts joined with the court’s three liberal members, Sonia Sotomayor, Elena Kagan and Katanji Brown Jackson, to uphold the law.

Conservatives Samuel Alito, Clarence Thomas, Brett Kavanaugh and Neil Gorsuch dissented.

The ruling affects 30 states, all of which allow some ballots received after Election Day to be counted. That includes Nevada, which allows ballots postmarked by Election Day to be received and counted up to four days later, and ballots without a postmark to be received and counted up to three days later.

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Plaintiffs in the case — including the Republican National Committee and the Mississippi Republican Party — had contended that federal laws referring to “elections” mean both the casting and counting of ballots, which they said must occur on Election Day.

“The federal election-day statutes do not preempt Mississippi’s law because the defining element of an ‘election’ has always been the electorate’s choice of candidate,” the case summary reads. “And a related federal statute — the Uniformed and Overseas Citizens Absentee Voting Act — confirms that while federal law dictates when ballots must be cast, state law governs when they must be received.”

In Nevada, critics have contended that late-arriving ballots erode confidence in elections, because they delay learning final election results for days and, in some close races, can change the outcome.

Gov. Joe Lombardo has called the weeklong wait for final, unofficial results “a national embarrassment.”

Plaintiffs in the case made similar arguments, but were turned away by the court: “Finally, plaintiffs policy arguments about election integrity and voter confidence are properly addressed to legislatures, not courts,” the case summary reads.

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Several attempts to require ballots to be received by Election Day have been introduced in Nevada’s Legislature, but none have been successful in the Democratically controlled body.

Secretary of State Cisco Aguilar has argued that the overwhelming majority of ballots are in and counted by Election Day, and only the closest races may be changed by late-arriving ballots. He’s advocated for more resources for county clerks and voter registrars to be able to count mail ballots more quickly.

Under the ruling, nothing will change for Nevada voters going to the polls in four months to vote in the November election. But officials still encourage voters to send in their mail ballots early, or to put them in drop boxes at voting centers during early voting or on Election Day.

Supreme Court upholds late-arriving mail ballots in Mississippi

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One dead, four hospitalized after head-on crash on I-15 in Clark County

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One dead, four hospitalized after head-on crash on I-15 in Clark County


LAS VEGAS (FOX5) — Nevada Highway Patrol responded to a two-vehicle crash on Interstate 15 near mile marker 94 Sunday evening.

The crash was reported at 6:43 p.m. on June 28.

MORE ON FOX5: Driver sustains life-threatening injuries in Las Vegas multi-vehicle crash

A passenger sedan and a pickup truck were involved in the crash. One vehicle was traveling southbound, lost control, crossed through the median, and struck the other vehicle head-on in the northbound travel lane.

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One adult male died at the scene. Two people were transported by ground ambulance, and two others were transported by life flight to a local hospital.

Road closures

All northbound I-15 travel lanes were closed at mile marker 94, but have since opened as of Sunday night.

Nevada Highway Patrol said further information will be provided following the preliminary investigation.

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Officials elevate response efforts to combat eastern Nevada wildfires

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Officials elevate response efforts to combat eastern Nevada wildfires












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