The Las Vegas Stadium Authority has unanimously approved the Oakland Athletics' community benefits agreement, marking a significant step in the team's planned relocation to Las Vegas. This agreement, the first of its kind between the Athletics and the oversight panel, outlines the team's financial commitments to the community, potentially exceeding $2 million annually or 1 percent of the ballclub ticket sales revenue, whichever is larger. The unanimous approval came during a meeting where the development agreement for the Athletics' new ballpark was notably absent from the agenda, with a possibility of it being presented in May. This development is part of the Athletics' ongoing efforts to establish a new ballpark in Las Vegas, a move that has garnered attention due to the lack of a similar agreement in Oakland.
The community benefits agreement now in place between the Athletics and the Las Vegas Stadium Authority could be worth more than $2 million annually. It marks the first agreement between the team and the oversight panel. @howardstutz reports: https://t.co/nxm331srNx
"At that point, the team’s financial commitment will be whatever is larger — $2 million, or 1 percent of the ballclub ticket sales revenue for the calendar year." The A's begin to cement their relationship in Vegas, via @howardstutz. https://t.co/klNdKk9mVP
The Oakland Athletics community benefits plan was unanimously approved by the Las Vegas Stadium Authority Board. https://t.co/uk1FBFj05a
After a unanimous vote on Thursday, the Athletics have a formal community benefits agreement in place with the Las Vegas Stadium Authority — a document the Major League Baseball team never had in Oakland. @howardstutz reports: https://t.co/nxm331srNx
Stadium Authority approves community benefits agreement with the A’s The package, which could be worth more than $2 million annually, marks the first agreement between the team and the oversight panel. https://t.co/0QcMHtbf9F @TheNVIndy
UPDATE: The Las Vegas Stadium Authority unanimously passed an A's community benefits agreement today. Channel 13 caught up with A's president Dave Kaval after the meeting for his thoughts on what the agreement means to the team. https://t.co/0Vti5d3Dug https://t.co/8ijt2ZXzSh
Stadium Authority approves A’s community benefits plan https://t.co/jSTo6GFM5I #vegas #athletics #mlb
Las Vegas A's update... https://t.co/lVzBOQMDnz
The first agreement between the Las Vegas Stadium Authority and the @Athletics was approved - the community benefits agreement @TheNVIndy https://t.co/UvCSlfZFwE
No surprise, but the community benefits agreement for the A’s related to their planned new ballpark in Las Vegas, is passed by the Stadium Authority Board. @KTNV
The A’s Community benefits agreement unanimously passed by the Las Vegas Stadium Authority. #vegas #athletics #mlb https://t.co/NJTy4Uk1Nd
Hill: Stadium Authority will not meet in April, will again May 16. It’s possible the development agreement will be available in May. #vegas #athletics #mlb https://t.co/DeOUYQXBoV
Reminder: A's stadium on Las Vegas Stadium Board meeting agenda today at 3 PM at Las Vegas Convention Center meeting room on east side of complex. Preview: https://t.co/4wPZyu2se3 https://t.co/aY26qRrrnj
The Las Vegas Stadium Authority Board will consider a community benefits agreement with the Oakland Athletics later today. https://t.co/cvGQrq9nC6
The Oakland Athletics’ development agreement for its planned Las Vegas ballpark is not on Thursday’s Las Vegas Stadium Authority meeting agenda, but the potential approval of the team’s community benefits agreement is. https://t.co/Fp8ETkhckj
A’s community benefits agreement up for vote, development agreement draft not yet ready https://t.co/1mAGibycT0 #vegas #athletics #mlb
In exchange for public money to build a new MLB ballpark, the A's say they will be investing in the Las Vegas Valley community, we checked in with the team to see if that is being done so far. https://t.co/0Vti5d4bjO
The Oakland @Athletics donated $200,000 to various Las Vegas youth baseball and softball leagues. https://t.co/PQVt5z2PgS
The Oakland Athletics have donated $200,000 to support youth recreational sports around Nevada. https://t.co/KXwtF1wbp4