An executive explained why Bally’s is in no hurry to produce plans for a resort that would be attached to the Oakland Athletics’ stadium at the Tropicana site.
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Tropicana owner Bally’s Corp. filed for a commercial demolition permit with Clark County as preparations continue to build a ballpark for the Oakland Athletics.
The head of the Las Vegas Stadium Authority says financing for the MLB stadium won’t be impacted by Bally’s credit rating.
Bally’s Corp. chairman Soo Kim provided some preliminary plans on the upcoming demolition of the historic property.
The nearly 60-year-old resort on the Las Vegas Strip is scheduled to be demolished to make room for a new Athletics ballpark.
“We’re not in favor of any tax dollars put into this,” said MGM Resorts International CEO Bill Hornbuckle during the company’s earnings call with investors.
In Thursday’s earnings call with investors, Bally’s CEO Lee Fenton said the 35 acres at the Tropicana is still in the mix for a stadium for the Oakland A’s.
“I think it’s safe for me to say that they have a very, very strong interest in our site if the transaction can work to their advantage,” Gaming & Leisure Properties top executive Peter Carlino said during a Friday earnings call.