The LVCVA is allotting $80 million for naming rights and approved a 20-year agreement with owners of the 51’s – the Howard Hughes Corp - for the right to be the dominant sponsor of the stadium and has a guarantee that “Las Vegas” will always be included in the team’s name.
The name of the stadium will be the Las Vegas Ballpark and will be an open-air stadium with 10,000 seats. The board debated for over 1 ½ hours to approve the money.
Rossi Ralenkotter, LVCVA president, said that keeping professional baseball in Las Vegas with a new training facility and stadium is a good move allowing Major League Baseball to consider Las Vegas as an expansion city. If that scenario does happen there is a clause that enables the LVCVA to exit the deal if minor-league baseball is no longer played in the city.
Bottom Line – Sports in the Las Vegas Valley helps grow our economy – So far the Golden Knights, our new hockey team and first major league sports team has been a big draw and when the football league Raiders start playing in Las Vegas we will truly be a major league sports city.
Keep in mind that whether you are interested in buying a home or listing a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. I have thirteen years in New Home Sales and fifteen years in General Real Estate sales!
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Thanks and make it a terrific day…………Robin