Vegas Tropicana Could Disappear Next Year in Favor of MLB Stadium
LISTEN TO THIS ARTICLE:The iconic Tropicana casino in Las Vegas could face demolition as early as next year, pending a crucial decision by Major League Baseball's (MLB) Oakland A's to relocate to the city. The potential relocation comes as part of a groundbreaking agreement between Bally's, the owner of the Tropicana, and the Oakland A's, signed in May.
Reshaping the Vegas Landscape
Bally's, a major player in the gaming industry, inked a deal allowing the Oakland A's to utilize the Tropicana's site for the construction of a potential MLB stadium. The revelation of the demolition threat was confirmed by Gaming And Leisure Properties (GLPI), a real estate investment trust (REIT) and the current owner of the land beneath the Tropicana, during an earnings call last week.
Related: Tropicana Employees in State of Uncertainty due to Potential ClosureGLPI disclosed that they are prepared to offer financing of up to $175 million for the stadium project, with the possibility of increasing the amount in the future. The estimated cost of the state-of-the-art stadium is projected to be around $1.5 billion, with the Oakland A's expected to bear the majority of the financial burden.
The potential demolition of the Tropicana marks the end of an era for a casino that has been an integral part of the Las Vegas landscape since the city's early days. With a rich history dating back to its inception, the Tropicana has not only been a hub of entertainment and excitement but has also been entwined with the city's darker past.
Rewriting Vegas History
Originally developed by Ben Jaffe, the Tropicana has historical ties to organized crime, with reports suggesting that Jaffe received funding from the infamous Luciano mob to finance the construction of the casino. This connection to Las Vegas's storied past adds a layer of intrigue to the potential demolition, as it symbolizes the changing face of the city and the evolution of its landmarks.
As the city evolves and diversifies, the potential relocation of the Oakland A's to Las Vegas signifies a new chapter in the city's sports and entertainment landscape. The prospect of a modern MLB stadium replacing the Tropicana reflects the ongoing transformation of Las Vegas into a multifaceted destination beyond its renowned gaming offerings.
While the fate of the Tropicana hangs in the balance, the potential benefits of a new MLB stadium in Las Vegas are substantial, contributing to the city's growing reputation as a major sports and entertainment hub. The decision by the Oakland A's will not only impact the skyline but also shape the narrative of Las Vegas's identity as it continues to redefine itself for the future.
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