The Oakland Athletics’ search for a new home has drawn Nevada lawmakers into a special legislative session Wednesday to weigh whether the state should cover...
CARSON CITY, Nev. — The Oakland Athletics’ search for a new home has drawn Nevada lawmakers into a special legislative session Wednesday to weigh whether the state should cover $380 million of the $1.5 billion stadium planned for the Las Vegas Strip.
The public funding would mainly come from $180 million in transferable tax credits and $120 million in county bonds. Backers have pledged that the creation of a special tax district around the proposed stadium would generate enough money to pay off those bonds and interest. The plan would not directly raise taxes.
Lombardo’s office had introduced the stadium financing bill with less than two weeks left in the regular session. It is unclear how many days the second special session will last.
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