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Sacramento hopes to make its pitch for expansion after the Athletics leave for Las Vegas
Leaders say the plan has $1 billion in public funding and nearly $800 million in private investment, but major gaps remain.
Sacramento launched the Sacramento Pitch to secure an MLB expansion team, announcing late last month $1.8 billion in financial commitments for a new stadium. The plan includes $1 billion in public funding and nearly $800 million in private investment.
Currently hosting the Athletics, West Sacramento serves as a temporary home for the team's second of three planned seasons before it moves to Las Vegas. Commissioner Rob Manfred said last week MLB will not consider expansion until a new collective bargaining agreement is completed.
Sacramento is the 20th largest television market and the largest with only one major team, the NBA's Kings, serving about 2.7 million people. Attendance at Athletics games has risen to 10,820 fans per game this season, with 12 announced sellouts.
While competing against Charlotte, Montreal, Nashville, Portland, and Salt Lake City, Sacramento has begun searching for a lead investor. Barry Broome, CEO of the Greater Sacramento Economic Council, said "the size and scope of the market is really our key advantage."
The stadium plan requires no bond issuance, with Sacramento Mayor Kevin McCarty calling it "the fairest deal for taxpayers and partners to do big projects." The turnkey deal demonstrates the region's economic capacity to MLB officials evaluating expansion candidates.