Bally's reaches agreement to build new ballpark for Athletics

Bally's confirmed Monday morning that it has a binding agreement with the Oakland Athletics to build a new ballpark on a portion of the Tropicana Las Vegas property.

According to a news release from Bally's, the agreement is in conjunction with Gaming & Leisure Properties, or GLPI, which has agreed to fund $175 million for the development. Nine acres of the 35-acre site on Las Vegas Boulevard and Tropicana Avenue will be the site for the new ballpark which is expected to accommodate around 30,000 fans.