Funding to complete the new A’s stadium finally secured

It is being reported by the Las Vegas Review-Journal that the soon-to-be Las Vegas A’s has secured funding to complete the new stadium as the cost of the stadium has officially risen to $2 billion.

Owner John Fisher and family have the funding in place to pay for the remainder of the cost; this is according to team president Marc Badain.

On Thursday, Badain said, “Well, we have a budget, and we build contingencies into that,” following a Las Vegas Stadium Authority meeting. “John (Fisher) said what he said, and the financing is in place for that dollar amount.”

It is said that the public funding will be available for the project and that amount is said to be $380 million, with the Fisher family providing the rest of the money.

The A’s made some movement to put forth some pieces by signing Aramark Sports & Entertainment as its first investor last month.

Sports Business Journal reported previously that part of the initial investor deal included $100 million equity investment in the Athletics and a $75 million capital expenditure contribution.

At this time, the Athletics have declined to comment on the details of specifics of the deal.