Bally’s Could Sell $1.1B Las Vegas Ballpark Project Before Thursday Deadline

Bally’s Corp. is prepared to press forward with the first phase of its $1.1 billion mixed-use development surrounding the Athletics’ future Las Vegas ballpark, but the company could also walk away from the project entirely if the right offer materializes first. A person with knowledge of the situation told the Las Vegas Review-Journal that a prospective buyer has expressed interest in acquiring Bally’s rights to the sprawling development, though the identity of that party has not been disclosed.

The project sits on 26 of the 35 acres that once made up the Tropicana Las Vegas site, with the remaining acreage occupied by the Athletics’ new ballpark. As of Tuesday morning, no deal was imminent, but any transaction would need to come together before Thursday’s Las Vegas Stadium Authority board meeting to avoid throwing off the timeline that has Phase 1 opening in 2028 alongside the A’s stadium.

What Happens If No Buyer Emerges

If a sale isn’t reached by Thursday, Bally’s plans to move ahead on its own. The company has already finalized its Phase 1 blueprint, which centers on a multilevel podium at the northwest corner of the site. That structure would house three levels of parking topped by a plaza featuring retail, entertainment and dining, along with the stadium’s primary entrance. Later phases of the broader build-out call for a 2,500-seat theater, a hotel tower, a casino floor and additional retail and dining space.

Bally’s says it has lined up the financial backing from its partners needed to fund that first phase. Some permits for the project have already been pulled, with more expected soon, and the company is still waiting on Federal Aviation Administration sign-off on its building plans given the site’s proximity to Harry Reid International Airport’s flight paths.

The A’s Role in the Site’s Infrastructure

The relationship between Bally’s and the ballclub has already shifted once this year. Back in May, the Athletics took over responsibility for the first phase of a planned parking garage on the southeast corner of the site, along with a central utility plant slated for construction nearby — work that had previously fallen to Bally’s. A second phase would expand that garage and utility plant for Bally’s own use, and that portion would remain the gaming company’s responsibility.

The back-and-forth underscores how tightly the ballpark and the surrounding development are linked, even as the two projects are technically run by separate entities. Any sale of Bally’s rights to the site would need to account for that shared infrastructure and the looming 2028 opening date both sides are working toward.

For now, the Las Vegas Strip’s next major redevelopment hinges on what happens between now and Thursday’s board meeting — whether Bally’s finds a buyer willing to take the $1.1 billion project off its hands, or whether the company presses ahead with Phase 1 construction on its own, as planned, alongside the A’s new home. Fans tracking the team’s move can also check the latest Nevada sportsbook options as the state’s gaming landscape continues to expand around the new ballpark.