The landlord of the 35-acre site where a $2 billion Major League Baseball stadium has been under construction for nearly a year suggested it might provide additional financing to gaming operator Bally’s Corp. to develop its portion of the parcel.
Gaming and Leisure Properties President Brandon Moore said Friday the company wants Bally’s to finalize its plans for the Strip location. Last September, the casino operator unveiled designs for a 500,000-square-foot entertainment district that would surround the 33,000-capacity ballpark.
“They’ve released a lot of renderings and some preliminary permit applications for the site,” Moore said on Gaming and Leisure’s fourth-quarter earnings conference call. “We’ll consider investing more in the property as the details become more available.”
Gaming and Leisure contributed $175 million to Bally’s for the demolition of the Tropicana Las Vegas in October 2024. Roughly $125 million wasn’t spent. Bally’s hasn’t said how it will use the funds. The company pays Gaming and Leisure $10.5 million annually to lease the site.
The Athletics aren’t obligated for any portion of the rent. The team is using 9 acres for the stadium, which will open for the start of the 2028 Major League Baseball season.
The team’s vice chairman, Sandy Dean, said last week that they have been in constant dialogue with Bally’s about the project. He said Bally’s is required to help fund “three significant components” — the plaza at the southeast corner of the Strip and Tropicana Avenue, which will serve as the main entrant for the ballpark, a parking garage in the southwest corner of the site and the central utility plant, which helps in the production of the air-conditioning system for the enclosed-roof stadium.
Dean said he expects to have a progress report for May’s Las Vegas Stadium Authority Board meeting.
