The decades-long pursuit of a stadium deal for the Oakland A’s ended late Monday when the Nevada legislature failed to consider a bill proposing public loans of up to $380 million to build a new baseball stadium along the Las Vegas Strip. It was a recess, and a new development was welcomed. .
The future of the controversial bill is currently uncertain after the Democratic-controlled Congress failed to introduce the bill by the midnight deadline, which turns Monday through Tuesday. The proposal may be considered by a special legislative council on a date to be determined at a later date, after which lawmakers will vote on it.
Lawmakers also failed to pass one of five major budget bills, including more than $1 billion to fund capital improvement projects that fund state public works and construction. is likely to be considered by a special parliament. The bill ran into trouble as party disagreements continued until the midnight deadline, leaving the Senate with no time for a second vote.
In a statement at 1 a.m., Republican Governor Lombardo said he would convene a special congress later Tuesday morning to set an agenda for legislative priorities.
Currently, the timeline for a bill that would rekindle a national debate over public funding of private sports stadiums is unclear. The bill could further accelerate the growth of the Las Vegas sports scene at a time of concern and skepticism among economists about minimal profits for high posted prices. .
Public funding for the $1.5 billion retractable roof stadium will come largely from $380 million in public assistance, partly from $180 million in transferable tax credits and $120 million county bonds (taxpayer assistance loans to help finance projects and special taxes). The district around the stadium. Backers promise the school district will generate enough money to repay these bonds and interest.
The Athletics won’t have to pay property taxes on public stadiums, and Clark County, which includes Las Vegas, will provide a $25 million loan for infrastructure.
Also potentially before the special legislature is a massive movie tax credit bill that would spend up to $190 million a year for at least 20 years to attract major movie studios to Las Vegas. Sony has announced a $1 billion expansion commitment in Las Vegas in a competitive deal.
Senate Minority Leader Heidi Sievers-Gansert suggested in a statement early Monday that a special session could be held soon.
“Senate Republicans fully support Gov. Lombardo and await a special congressional call to find common ground solutions for Nevadans,” she said.
The Associated Press contributed to this report.
https://www.mercurynews.com/2023/06/06/public-funding-bill-for-oakand-as-ballpark-plan-in-las-vegas-stalls-without-a-vote/ Oakland A Public Funding Bill Fails to Vote in Nevada