Special tax district to fund A's Las Vegas stadium bonds heads to county hearing

LAS VEGAS (KSNV) — The Clark County Board of Commissioners will consider taking another step toward creating a new baseball stadium on the Las Vegas Strip next week.

Commissioners are scheduled to conduct a public hearing for the proposed Sports and Entertainment Improvement District, or SEID, according to the agenda for Tuesday's meeting.

This would create a special section around the stadium covering about nine acres. Certain state and county taxes collected within that section will be diverted to pay down debt from bonds taken for building a new stadium for the Athletics.

Taxes inside the SEID will not be raised.

The new stadium is envisioned for the site of Tropicana Las Vegas, on the southeast corner of Las Vegas Boulevard and Tropicana Avenue. Commissioners approved zoning changes to accommodate the venue last week.

Lawmakers approved up to $380 million in public funding for the construction of the stadium in 2023, including $180 million in transferable tax credits and $120 million in county bonds.

At the time, backers pledged that creating the SEID around the proposed stadium would generate enough money to pay off those bonds and interest.

Tax dollars will return to their normal entities once the bonds are fully repaid and retired and all transferable tax credits are repaid to the state, according to the county's proposed ordinance.

Officials with the A's say they expect to begin construction this year and complete the stadium in time for the 2028 baseball season.