Bally's Breaks Its $1.1bn Las Vegas Ballpark Development Into Three Phases

Bally's has restructured its $1.1 billion mixed-use development around the future Athletics ballpark in Las Vegas, splitting it into three phases.

The change surfaced on 19 August when the Clark County Commission approved land use permissions covering 26 acres around the stadium under construction. The approval does not cover the whole development. County spokeswoman Jennifer Cooper said the approved portion is meant to ensure visitors can move safely between public sidewalks, pedestrian bridges and the stadium. The entitlement package covers a mixed-use podium at the northwest corner of the site plus parking and a theatre on the southwest corner.

The casino hotel is not in it. Clark County will consider those plans separately on 16 September, and Federal Aviation Administration approval is also required.

Phase one takes in the Athletics' own $2 billion ballpark, a 1,500-space parking garage and a central utility plant. Phase two is the podium, a three-level garage with 953 spaces under a plaza carrying retail, dining and entertainment, plus the 2,500-seat theatre and a temporary surface lot adding around 532 spaces. The casino resort lands in a later phase, sited between the podium and the theatre, along with more parking. The first two phases would provide 3,055 on-site spaces, with the ballpark also leaning on nearby MGM Resorts properties, which have more than 30,000 spaces within walking distance.

An unnamed group has reportedly expressed interest in buying the Bally's project. If a sale went through, the approved development rights would transfer with the property rather than staying with Bally's.

The company has been rearranging elsewhere too, pausing work on the amenities around its Chicago casino over the city's video gambling terminal policy, while its Intralot arm won shareholder approval to take over evoke. Stadium construction remains on schedule for completion in late February.