LAS VEGAS (FOX5) — The Clark County Commission approved $135 million in bonds related to the costs of building the A’s stadium.
The A’s bill, already passed by the legislature, requires the county to issue bonds. A county spokesperson says the bonds “are not being issued soon.”
The bonds will be repaid through a “tax district”: construction, materials, tickets, sales and live events generate tax revenue, which gets redirected to pay for the bonds.
As of now, the stadium appears on track to be finished by the start of the 2028 baseball season, which is when the A’s are planning to call Las Vegas home.
The price tag is about $2 billion, which is higher than initially planned.
“As the A’s have been constructing the stadium, they have incurred costs associated with the project that are substantial in nature… this resolution allows the County to identify the costs being incurred now, to pay down the bonds once they are issued,” said Jennifer Cooper, Clark County spokesperson.
FOX5 also reached out to the stadium authority for more information. We have yet to hear hear back.
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