Question of the Day - 21 November 2025

We can provide some details about the timeline based on documents submitted to Clark County.

No budget has been announced, but we've seen an estimate in the $3 billion range, which seems positively Pollyannaish or even Panglossian. We say this in reference to our answer about the Hard Rock project in southern California (tomorrow's QoD), which is costing somewhere between $4 billion and $5 billion. Heck, the price of the A's stadium is slightly north of $2 billion so far. And for a 3.5-million-square-foot megaresort, with 1,800-room and 1,200-room hotel towers, nearly a million square feet in parking garages, a 3,000-seat theater, another half-million square feet for dining, entertainment, and retail, and 50,000 square feet for the pool area, we can't help but wonder about the quality of materials and workmanship for a mere $3 billion.

Anyway, the buildout is projected to take place over three years. Bally's is counting on permits for the project to be approved in January; if they are, construction can begin in April, with a completion date around March 2029 in time for the second season of the A's playing its home games in Las Vegas.

The construction would encompass three phases. According to a story last month in the Las Vegas Review-Journal, Phase 1 includes a central utility plant shared by Bally's and the stadium, one parking garage, and a shared walkway encircling the ballpark and connecting to retail, dining, and entertainment spaces. This phase is slated to open at the same time as the ballpark in early spring 2028.

Phase 2 comprises the bigger hotel tower, casino and sports book, more shops, restaurants, and entertainment venues, and another parking garage. Phase 3 is the theater, second tower, and finishing touches. 

We should note that some skepticism accompanied the renderings of the project released in mid-October. We know that Bally's undersized bankroll is no match for its oversized ambitions and even Wall Street seems to be aporetic; at least one analyst has noted that if nothing else, Bally's could, potentially, make some money to support its other projects in Chicago, Australia, and New York by selling the development rights and long-term lease for the stadium site, which is all it actually owns, since it long ago sold off the land to the real estate investment trust Gaming and Leisure Properties. 

Being positive-outlook types, we hope that both the stadium and the integrated resort are built -- someday, even if by entities other than the A's and Bally's. But we wouldn't make any bets on it.