There's a lot of talk about the public funding for the presumptive Las Vegas A's stadium, but how does it compare to the public funding for Allegiant Stadium? How much is it for each and where do the public funds come from?
First, the A's stadium. The public funding is capped at $380 million and the sources will be transferrable tax credits and Clark County bonds. Here's the breakdown.
Clark County will issue $120 million in bonds to cover part of the public funding, which will be repaid over 30 years via revenue generated from a special tax district -- Clark County, Nevada, Sports and Entertainment Improvement District No. 1, to be exact -- that's been created around the stadium. Presumably, a lot more sales and property taxes will be collected with the stadium in place. Clark County will also contribute $25 million to fund infrastructure improvements, such as roads and utilities, around the stadium site.
The rest of the public funding will come from transferrable tax credits issued by the state. Transferable tax credits are state-issued incentives that can be used to reduce tax liabilities, such as taxes on sales, business operations, ticket sales, concessions, or events. They can also be sold or transferred to other entities, allowing the A's to convert the credits into immediate liquidity.
This package is different from the public funding for the Las Vegas Raiders’ Allegiant Stadium. The sour aftertaste of that process necessitated a lighter touch for the A's home park.
First, the Raiders sucked $750 million out of the public coffers. The state passed a bill authorizing a 0.88% increase in the room tax in Clark County, paid by everyone who stays in a hotel room in southern Nevada. The funding was controversial due to the size of the loan, one of the largest for an NFL stadium in U.S. history, and the raising of taxes to pay for it. No taxes were raised to pay for the A's stadium.
Also, the 30-year repayment period puts Nevada taxpayers at risk; we can face a liability to cover the bond payments during an economic downturn (or self-sabotage by the gouge, for example), though officials have insisted that safeguards are in place.
As of mid-2025, approximately $176 million in total debt-service payments, including $13 million in principal, have been made toward the $750 million; $1.18 billion in principal and interest remain to be paid off. The payback is a little ahead of schedule; at this rate, the total will be retired by 2045-2046, two to three years early. We'll see if hotel-occupancy rates stand up for the next 20 or so years.
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