However, numerous approvals from Bay Area elected leaders are still required, and the team is on “parallel paths” toward landing a new ballpark in Oakland or moving to Las Vegas.
The proposed stadium is the centerpiece of a projected $12 billion mixed-use development at the Port of Oakland’s Howard Terminal. The team wants to build a $1 billion waterfront ballpark in Oakland to replace the 57-year-old RingCentral Coliseum. “But we will run the property on an as-is basis at least for the next 12 months until we have identified the plan and the partnerships that we want going forward.”Ī’s executives have said they would like to have a decision on a new home this year. “I think it's well-advertised that we intend to develop (the site) at some point in the future,” Bally’s CEO Lee Fenton said in the company’s second-quarter earnings conference call last week.
