Bally's May Sell Rights to Las Vegas Ballpark District

Bally's Corp. may not build the mixed-use development surrounding the Athletics' new Las Vegas ballpark. A source told the Review-Journal that a buyer has expressed interest in purchasing Bally's rights to the project. The $1.1 billion development is planned for 26 of the 35 acres that once held the Tropicana. Any deal would need to close before Thursday's Las Vegas Stadium Authority board meeting. That timeline keeps Phase 1 on pace for a 2028 opening alongside the ballpark. If no agreement emerges, Bally's says it is ready to proceed alone.

Buyer Unknown as Deal Deadline Looms Thursday

The identity of the interested party remains unknown. That source who spoke to the Review-Journal was not authorized to name them. As of Tuesday morning, a deal had not been finalized. Time is limited, since terms must be settled before Thursday's stadium authority meeting, and Bally's has structured its own construction timeline around a 2028 debut. The ballpark is set to open that same year.

Missing that window could complicate coordination between the stadium and the surrounding development. Bally's has stayed publicly quiet on the potential sale. The company has not confirmed whether talks are underway or who might be involved.

For now, the situation remains fluid, with no public commitment from either side.

Bally's Finalizes Phase 1 Blueprint for the Site

Should talks fall through, Bally's says it will move forward independently. The company has already finalized its Phase 1 blueprint. Plans call for a multilevel podium on the site's northwest corner. Three levels of parking will sit beneath a plaza featuring retail, dining, and entertainment space. That same area will also serve as the ballpark's main entrance.

Bally's has lined up financial backing from its partners for this initial phase. Later stages add a 2,500-seat theater, a hotel tower, and a casino. More retail and dining space is also planned, and some construction permits have already been secured. Additional approvals are expected soon, according to a source familiar with the project's status.

Tropicana Site's History and 2026 Construction Plans

The Tropicana site has been tied to the A's relocation since 2023. Bally's and landowner Gaming and Leisure Properties committed nine acres of the property to the team that year. The Tropicana itself closed in April 2024 and was later demolished. Bally's retained development rights over the remaining 26 acres under that original agreement. Renderings released last year outlined hotel towers, a casino, and entertainment space wrapping around the ballpark.

Construction on Bally's portion was expected to begin in the first half of 2026. GLPI has previously said it could invest further in the site as Bally's finalizes its plans. The stadium will ultimately be owned by the Las Vegas Stadium Authority once construction wraps up.