The Athletics have retained an investment banking firm in an effort to procure $500 million in private funding towards the construction of their Las Vegas ballpark, according to a report.
The club is prepared to offer minority ownership shares in the franchise to potential investors as they put together financing for their estimated $1.5 billion stadium.
Nevada lawmakers approved $380 million in public funding last summer — taking the form of state tax credits, county-issued bonds and a county credit — to offset a chunk of the cost.