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Report: A's, Nevada Officials Reach 'Loose Agreement' on Financing for Vegas Stadium

The Oakland Athletics and Nevada state officials have come to terms on a public financing package en route to the team's effort to build a $1.5 billion stadium in Las Vegas.

However, the final number is "significantly less" than the $500 million the team initially sought, per Tabitha Mueller and Howard Stutz of the Nevada Independent, who provided more information:

"According to sources with knowledge of the discussions, the public financing package that will be presented to lawmakers will be lower than the initial threshold of $195 million in transferable tax credits the state set last week, and see a similar reduction from the initial request of $200 million in bonds backed by Clark County.