BigBadBruins7708
Registered User
I think it's just sheer economics. The Las Vegas Athletics are 1/6th the price than the Las Vegas Expansions would be.
There's three parties involved in making "the Las Vegas Athletics" (potentially) happen. The price tag is a $2 billion stadium. Everyone gets what they want for $700m each.
But a fee for an expansion team, the price doubles AND there's one less partner.
The Casino would rather be what amounts to a minority partner to get a stadium on their doorstep, advertising and suite/comp tickets for $700 than run the whole thing for $2 billion. MLB money is nice, but Casino money is better, and the employees don't make nine-figure payrolls.
I'd assume the city putting up $2b for a stadium is just a non-starter, too much dough.
Yup, and that brings up another limiting factor for expansion vs relocation in Las Vegas, the business potential owners are in.
You have to assume that MLB has no interest in a casino/gaming company owning one of their franchises. Removing those companies from the pool of potential expansion owners trims the list of potential owners who can afford the bill way down to almost none.
Which ties into what you said, with relocation the only thing to figure out is stadium funding vs the inflated financials of expansion.