Vegas, the sports town?

[jorgek]

Vegas also has one of the best all time Jeopardy players, James Holzhauer, his knowledge of sports is second to none!

 

[comfortably_numb]

Now they need a place to play.

It's in the works- last I heard they're going to tear down The Trop and build a stadium there

 

[meStevo]

It's in the works- last I heard they're going to tear down The Trop and build a stadium there

Yup. With this huge domino fallen should start to see a lot more fall into place.

In the short term they need to hash out where they are going to play until 2028? when the new ballpark is ready. Some recent articles have floated both Mexico City and Petco Park. There's the Aviators AA ballpark already in Vegas too but think it'd need some work to get up to MLB standards (it's very new, so otherwise is a great facility).

Plans to shut down and demolish the Trop will probably start to firm up and become public. Probably see more accurate renderings of the ballpark soon as well. There's also still legal challenges searching for technicalities to invalidate the public funding mechanisms used, we'll see if that gains any traction. Have been completely fruitless thus far.

Their lease is up after next season in Oakland, and the city is making unreasonable overtures about extending like requiring the branding stay and promises of an expansion team from the MLB. As usual Oakland isn't being reasonable while blaming everyone but themselves, though I'm sure the A's are not completely without blame either.

Not a baseball fan, but exciting stuff. Won't be in the market for season tickets like I was with the Raiders, but will certainly attend some games and pay more attention to the sport.

Unrelated, F1 is here this weekend. A headache in some respects, but it felt like watching the a Super Bowl-style presentation compared to other F1 races.

LIVESTREAM: Watch the 2023 Las Vegas Opening Ceremony featuring an all-star cast of performers | Formula 1®

The inaugural Las Vegas Grand Prix weekend is set to officially kick off in the most eye-catching of ways possible with an opening ceremony featuring a star-studded line up of big-name performers.

www.formula1.com

Hope it's a good one. Because of this I recently got into the sport, if anyone else has a passing interest I can't recommend enough the Netflix series that covers them, really helps establish the personalities and conflicts among a relatively small pool of drivers who participate in the sport.

Already because of some of the work done, it's inspired some potentially permanent changes to traffic flow that some of the temporary bridges have served to live-test, which is kinda neat.


View: https://www.youtube.com/watch?v=0dSqIkhclNI

 

[Don in CT]

It's in the works- last I heard they're going to tear down The Trop and build a stadium there

Ya but as mentioned they need a place to play from 2025-2028. Plus they still need to secure private funding.

 

[Don in CT]

So the F1 race will be the latest start in History?

 

[comfortably_numb]

Ya but as mentioned they need a place to play from 2025-2028

I think they're eyeing a park in Summerlin for the transition period.

 

[comfortably_numb]

Also, this says as much about Oakland as it does Las Vegas- had the city done more to keep their pro teams, maybe they wouldn't be leaving.

This is fabulous for Vegas in my opinion!

 

[Bruce]

Also, this says as much about Oakland as it does Las Vegas- had the city done more to keep their pro teams, maybe they wouldn't be leaving.

This is fabulous for Vegas in my opinion!

Does Vegas really need it?

Would it increase tourism or just something else to do while visiting.

I have never been a big fan to use public money to support owners ( usually billionaires), so they can make even more money.

So how they going to fund this, will it just be taxes on tourism, or will residents get tapped also?

 

[comfortably_numb]

Does Vegas really need it?

As it continues to try to elevate itself as a world class city, I think having several pro sports teams is critical, but of course that's just my opinion

 

[meStevo]

It's being funded by transferrable tax credits from the state (to the tune of $36m/year) and some funds from the county both for development and some specific to infrastructure. The Athletics are required to pay $1.1b of the development costs. Public funds are being recouped by a tax district created on the stadium site.

Vegas is in a relatively unique position for these projects, the $750m in public funds for the Raiders stadium for example is a sub-1% tax on hotel rooms and runs at a surplus (as designed) and it would take back to back COVID-style pandemics to materially affect repayment.

Baseball is certainly a riskier proposition (many more games, less re-use for baseball-configured venue IMO), but again it's less of a risk for the most part here and the balance of the property is also going to be developed into a resort of some type.

NBA coming next, looks like probably an expansion team. There have been multiple arena projects 'in the works' for years, jockeying to be the eventual home of that inevitable event.

 

[comfortably_numb]

 

[Yespage]

Las Vegas and F1, the live race at 10ish PM.... Midnight EST. The race is sucking so much, it is literally pulling lids off the road surface. There was fear of mid 40 weather but that seems to be a couple days off.

 

[meStevo]

Las Vegas and F1, the live race at 10ish PM.... Midnight EST. The race is sucking so much, it is literally pulling lids off the road surface. There was fear of mid 40 weather but that seems to be a couple days off.

Haha well played. It actually broke the concrete ring around the drainage cover. Pretty wild, but not the first time this has happened on a street course.


View: https://www.threads.net/@undergroundf1/post/CzvVhfIurcw

What's really crappy is the severe damage to 2 cars and the penalty because of the millions in dollars of damage that had to be fixed by no fault of their own.

Carlos Sainz handed 10-place grid drop for Las Vegas Grand Prix after practice incident | Formula 1®

Carlos Sainz has received a 10-place grid drop for this weekend’s Las Vegas Grand Prix, with Ferrari forced to change a host of power unit components following first practice.

www.formula1.com

 

[meStevo]

Pretty great race for the inaugural F1 Grand Prix on the strip, looking forward to how it evolves and some of the changes coming as a result like one of the temporary bridges they're already talking about making permanent.

 

[Derwin0]

Their lease is up after next season in Oakland, and the city is making unreasonable overtures about extending like requiring the branding stay and promises of an expansion team from the MLB.

I would think that Philadelphia has more "right" to the name than Oakland. As it is, I don't think MLB can do that as teams control all team branding unlike the NFL where the league has more control.

As usual Oakland isn't being reasonable while blaming everyone but themselves, though I'm sure the A's are not completely without blame either.

Yeah, Oakland city hall has had bad relations with both teams for a long time.

 

[comfortably_numb]

I know this is sort of off-topic (although still on-topic for Vegas), but has anyone else seen the previews for the new Fontainebleau (roughly pronounced 'fountain blue')? It began construction in 2005 but then sat unfinished until 2021. Set to open December 13, the tallest building in Nevada.

Looks like the sort of place Frank Sinatra would hang out. I, for one, hope to have a drink there very soon.


View: https://www.youtube.com/watch?v=fXf-kL7gvk8

 

[Juan]

This one is interesting

Sands casino family says they'll buy majority of Mavs from Cuban. AP source says valuation is $3.5B

The family that runs the Las Vegas Sands casino company says it has entered agreements to buy the majority stake of the Dallas Mavericks from team owner Mark Cuban. The

www.wfmz.com

 

[Bruce]

This one is interesting

Sands casino family says they'll buy majority of Mavs from Cuban. AP source says valuation is $3.5B

The family that runs the Las Vegas Sands casino company says it has entered agreements to buy the majority stake of the Dallas Mavericks from team owner Mark Cuban. The

www.wfmz.com

Now is the time to sell, has a lot of value, specially since the NBA is looking for $5-6 Billion for their next media contract

 

[Derwin0]

Now is the time to sell, has a lot of value, specially since the NBA is looking for $5-6 Billion for their next media contract

Especailly if the deal allows him to retain operational control.

 

[Bruce]

Especailly if the deal allows him to retain operational control.

Cuban owns 85% of the team, so if he sells the expected 57%, then, after the new media deal is signed , he would get at least, another $2 Billion for the 28% he has left.

Again, smart deal on his part selling now.

By the way, $280 Million was what it cost for him to buy the team in 2000.