Um good afternoon, everyone.

We will uh call the uh May twenty first, two thousand twenty-six Las Vegas Stadium Authority board meeting to order.

And I will ask uh Miss Bateman to call the roll.

Good afternoon, Mr.

Chair, members of the board.

All members are present either in person or virtually, other than Secretary Jones Blackhurst, Member Vyez, and Member Weekly.

You have a quorum, and the meeting may proceed.

Do we have any uh member of the public that would uh like to address the board?

And if you do, please identify yourself and uh hold your comments to three minutes, please.

Afternoon.

Good afternoon, everybody.

My name is John Cowano, K A W A N O.

I'm a resident of Spring Valley, former hospitality worker for twelve years.

The last four years were at the Venetian Hotel.

Um, speaking about agenda item number five.

As compensation for the loss of net income as a result of the closing of Sam Boyd Stadium.

I support this measure, and my reasoning is this sets a precedent.

This is compensation for losses incurred because of an event or events.

Now on a related issue, I believe related, uh Formula One is a controversial event in some quarters because it does make money for people in the general area, but how the money is distributed and who makes the money is controversial.

I know three valets and at the Venetian Hotel and two valets at the Palazzo Hotel who told me that over the three-year course of Formula One, none of them earn any cash gratuities over the three-day weekend of Formula One.

In short, they're being asked to take a hit so that other people can make money.

So if that's the case, I think further consideration can be considered on this issue regarding those and they're not outliers who uh do actually lose money during the event.

Thank you.

Thank you.

That's a little bit of a stretch on that agenda item, but we'll let that one go.

Um anybody else from the public uh like to make a comment.

Okay.

Um we will open up comments from me and the board.

Um I just have a few.

Um we have a statue of the Luxor Hotel here that is not actually that.

It is uh an award that um I just wanted to highlight that uh allegiance stadium and the stadium authority um was awarded um earlier this week um by the paralyzed veterans of America.

Uh it is the barrier-free award uh presented annually to the venue in the United States that um provides the greatest access uh to those with mobility challenges.

Um I think something that um um we ought to be very proud of um, particularly um in recognition of Mark Davis and the Raiders and the commitment that they have made uh to make allegiance stadium hospitable to all of our visitors.

Um and um we're honored to be associated with that award, and Adam, if you'd pass that along, Michael pass that along, Chris pass that along to the team.

Um we did that on Monday, but uh just wanted to highlight it again.

So uh congratulations to you.

Thanks for um that effort in you know making the first class premier stadium a thing for everybody.

Uh it really does matter.

Thank you.

Um Allegiant kind of piling up awards here lately.

They won the the Billboard Award for uh the stadium that had the highest grossing um revenue of any stadium in the United States.

It was the number uh two stadium in the world uh in 2025.

Um and also recently it won the Polestar Award, which is a um peer-voted award, uh the only peer-voted award uh for stadiums and venues in the United States, where all of the representatives of stadiums um in the U.S.

Um vote for the stadium of the year, and Allegiant was voted the stadium of the year in 2025 as well.

Um so proud to be a part of that um and proud of all that uh the Raiders have done to make that happen at Allegiant for sure.

Um and then congratulations on a um great off season and a great draft, and I lived through for Fernando Mania back in the early 80s, and we get to do it again in the late 2020s.

So uh we're we're excited about the upcoming year.

Um then um want to mention that a couple of us got an opportunity uh to take a tour of the ballpark yesterday and the construction side it is um you know we were probably there four or five months ago, and the amount of progress that has been made has been pretty remarkable.

Um so um thanks for everybody who took the time to um provide us the tour, but uh also congratulations to everybody out there working that uh progress on the ballpark is uh is great.

Uh it's exciting, um it's really starting to take shape.

We're gonna start to see um those arches for the um for the roof itself um uh go up in June, and that is really gonna start to provide perspective um on how big a project this really is.

So um it is uh really shaping up well.

Um anyway, um anybody else from the board uh have anything they would like to add.

Okay.

Hearing none, we will move on to the agenda on agenda item one, uh, Mr.

Finger.

Mr.

Chair, before you move on to the agenda items, can we go back to the phone?

Yes, please, and the minutes as well.

Um I if uh the board's not an opportunity to uh review the agenda in the minutes.

Um either take um any suggestions for changes or a motion to approve both.

Tommy motion to approve.

Motion, please cast your votes.

Boards abstained, yes.

And that passes.

Thank you.

Um and now, now that we have an approved agenda, we can move on to it.

Mr.

Finger.

Good afternoon, Mr.

Chairboard members.

Agenda item one, ask the board to consider a budget amendment.

Augmentation is the term of art from state budget law.

The purpose of this amendment is to create a budgetary mechanism to repay the football fund for monies paid on behalf of baseball formative costs prior to baseball revenues existing.

I spoke to this at the last meeting and described it to you.

This budget adjustment will use $50,000 of unbudgeted but earned revenue in the baseball stadium fund.

It will decrease the transfer from the baseball stadium fund to the baseball stadium debt service fund by $1,032,958.

That accumulation of a debt service reserve is a TBD number that will be dependent on the ultimate bond size, and this declination won't prevent the accomplishment of the full realization of the two times which will be accomplished through the pay-go funds and or bond proceeds themselves.

So this isn't a detriment to the reserve accumulation.

Those monies added together will repay the football stadium fund for those advanced payments, resulting in the football stadium fund having like amount of money more than we had budgeted to, and the baseball service debt service fund having that lesser amount of reserve.

Mr.

Chair, this is an action item.

Staff recommends approval.

Thank you, Mr.

Finger.

Um, and just to remind the board um kind of to restate a little bit what Ed just said, um, in order to work through the contracts and all the everything that needed to be done uh on the A's ballpark.

Um we borrowed money from the waterfall uh on the football side uh to facilitate that and to pay for that effort.

Um this is the amount of money that it takes to repay the football fund because we have started to generate um revenue from um the SEID.

So umless there are questions I'd entertain a motion to um approve the uh budget augmentation and transfer reconciliation schedule Tom We have motion to approve.

Can you change second?

We have a motion and second.

Uh please cast your votes.

Lawrence abstained, yes.

Bob Ucidus, yes.

Yeah, no, I yield yes.

And that is approved.

Um agenda item two.

Mr.

Chair, agenda item two, ask the board to conduct a public hearing and consider approving the fiscal year 2027 Stadium Authority budget.

If it's your pleasure, I'll give a brief presentation that ask you to open the public hearing and answer any questions the public or the board might have.

I'll present to you today the tentative budget submitted to the state is required on April 15th and ask you to approve it as the Stadium Authority's final budget.

Before I start, I'll remind you that our fiscal year is July 1 to June 30, as are all government entities in the state of Nevada.

We have a budget for a couple years now that contains both football and baseball operations, and I'll start with football.

This is a long-standing slide in this room.

It's the football revenue waterfall.

Room taxes are the funding source for football operation.

Those room taxes are used in order of operation to make bond payments on the amount of the county geo bond that was issued to make the public contribution to allegiance stadium to pay for the operations of the authority.

The debt reserve is fully funded, so that part of the waterfall isn't required anymore to make the payment to UNLV, which was built into this law in 2016.

You know, and compensates UNOV for the difference in program revenue between what they made when they were the owners of Sam Boyd and what they make now.

Then the contribution to the Stadium Authority Capital Fund, which the Raiders are through the process of capital request allowed to approve projects for the maintenance and improvement to the facility and being re reimbursed for.

And then to the very bottom to what we call the waterfall residual fund.

And those monies can be used for capital, they can be used for early debt retirement, they can be used for infrastructure in or around the facility.

Budget I'm going to show you is a lot of numbers on the page.

I'm going to try to make sense of them.

It's substantially similar to the budgets of previous years.

There is no inference to be made from the fact that I budgeted fewer room tax dollars than last year.

I actually expect there to be more room tax dollars in the destination than last fiscal year.

I over budgeted last year.

I budgeted conservatively this year.

That's the only takeaway.

Those amount of monies are more than adequate to pay for the debt service payments, to pay for the operations of the authority, and to pay for the UNOV operations.

And I'll speak to the delta between authority operations and UNLB contributions from year to year.

In 2026, I budgeted the full statutory allowed amount as I we have every year.

In 2027, the Chair asked me to stop budgeting more than we need to spend.

And I still budgeted more.

I still budgeted more than we need to spend, but not quite as much as I had in previous years.

It behooves you in state budget law to be conservative on both revenue and expenditure projections.

UNOV contributions are allowed to be made up to $3.5 million a year.

So $2,048,000 is the amount of this year's payment.

We don't know next year's payment yet.

When it's all said and done, there will be $15 million of surplus at this point to the waterfall, and then we'll get to the capital side.

Coming into this part, there's projected to be a little bit over $61 million in that waterfall residual fund I described to you.

About $7.5 million in the football stadium fund.

The $7.5 million kept in the football stadium fund is just cash flow because the timing of revenue recognition on room tax and the receipt of that room tax by the time it makes through the governmental entities is on a lag.

So you need some cash to you need some cash flow.

You need some liquidity.

Then there is interest accumulation and other funds.

And by the time we get to the point of capital distribution, there will be projected $85 million in next year's budget.

Again, statutorily derived, not statutorily, special bill derived amount, which was an amount set in the 2016 law and then increased by CPI every year is a little bit over $7 million, leaving us with $78 million in the waterfall/slash general fund reserve buckets.

Breaking those down a little bit, you've got a debt service fund.

So governmental accounting is a series of these standalone funds where money goes into one place, it goes into a different place for payment.

There are debt funds, there are capital funds.

You hear me use these words.

Out of the football stadium fund, debt service payments go to a debt service fund.

They're accumulated there, they make debt service payments.

It is where we keep that, what was originally required to be a two-time annual debt service reserve revenue equal to or greater than two times average annual debt service for the rest of the bond life.

We'll go into this year with next year with about 113 million dollars.

We'll earn interest in the county treasury.

We'll end with about 116 million dollars there.

Part of that is just the portion of monthly payments that are required to be stacked up to make debt service payments, but the most of it is the two-time debt reserve, 102 million, 987,606 in the very specific number that I budgeted.

The Chair also prefers rounded numbers, and I didn't do that.

Chair and I have worked together for a while, sorry.

What this represents is actually we had to fund it to two times, but it then sits there at two times and it keeps and retains its own interest as it's continued to do.

So it's actually grown to 2.2 times average annual debt service.

It could make 2.2 average payments in the future, but because it's a slightly increasing debt service program, it's 2.6 times the current amount of debt service.

So it's a healthy reserve.

Don't anticipate using it, but it's in good shape.

The football stadium capital fund generally the money is asked for and reimbursed by the Raiders pretty timely to when it's funded.

I told you about that $7 million of transfer there.

It'll earn a little bit of interest.

We budgeted for the Raiders to complete projects and use the entire amount of money in that fund.

That $78 million I showed you on a couple slides, then consists of that $7.5 million of equity reserve in the cash flow reserve liquidity reserve I told you about in the football stadium fund, and then the waterfall fund.

Starts at $61, gets an $8 million transfer out of the football stadium fund.

It will earn some interest.

And this I'm gonna take a minute on is the first time you've seen this in a stadium authority budget.

This fund again can be used for early debt service retirement or can be used for capital infrastructure inside or around the stadium.

The county has come to us recently and made the request that we consider pedestrian and traffic improvements around the stadium, including a pedestrian undercrossing, new gantry signs, road and lighting improvements, and enhanced sidewalk widening and enhanced shade structures around the facility.

Again, if we don't budget something here, I can't spend something later in the year.

Not a dollar of this will get spent unless I come back to you with a project in the future for you to approve that project.

Prior to doing so, it will involve the county, it will involve the Raiders, it will involve stadium authority staff to evaluate review and decide what's worth bringing back to you guys for consideration of specific projects to be spent out of this fund.

Let's talk about the baseball side of the house.

It has a before funds and really before operations part of it, and then it has a what happens after operations and after a ballpark's running.

And for the baseball fund, that's a lot like football, but different from football at the same time.

And we don't need to talk about it today because we're not there.

Before bonds, the SDID revenues come in, and again, those are all the incremental, those are all the taxes and fees that would have otherwise been due for business activity in the footprint of the special district that are captured and retained in there for the purpose of the public funding for the baseball stadium.

And so prior to bonds, the first order of operation, actually before operations, it's for bond payments or reserve fund.

We have not issued bonds yet.

I'll talk to you about the timing of bonds here in a moment.

So it's for reserve fund accumulation.

Any monies after that go to the baseball stadium tax account that can be used for completing the bond reserve fund for the operational costs we describe here.

And in fact, that's the actual mechanism that accomplished the budget augmentation we just approved in the last item, and then can provide pay as you go stadium construction funds.

County bonds get issued.

County bonds can be used for must be used for the cost of bond issuance.

And if we were not likely to do capitalized interest in this bond deal, but if we did it, they'd be used for that.

And then otherwise they're used to top off the bond reserve fund if necessary, but primarily used for stadium construction.

The team is then able to avail themselves of the transferable tax credits under the state law that come from the state.

Those get funneled back into stadium construction.

I realize that's a lot.

Um it's an interesting picture when it's all said and done, but it was the fastest uh best way I could find my way through that story.

So the baseball budget looks almost exactly like the baseball budget I gave you last year.

So column left and column right are very similar.

We had budgeted for the potential of the bond issue and occur bond issuance occurring last year, and it didn't.

The A's are in control of the timing of that public contribution.

The A's have made, when you see the significant progress that's been made on the facility, a hundred percent of that has been paid for by the owner and by the team, and no public dollars have been introduced into the project yet.

The A's have represented to us that they intend to execute the public financing late in this fiscal year.

And so we budgeted an amount of SCID revenues, primarily it will come from sales and use tax on construction material.

The bond I said this last year, and I'll say it again, the bond proceeds are TBD.

They'll be dependent on the revenue model that we get from the team.

They'll dependent on dependent on the coverage ratio requirements that are in the law and the participation of the county CFO and the county financial staff to determine ultimate bond sizing there.

When that happens, the team will be able to avail themselves of the first tranche of TTCs of transferable tax credits, the $36 million there.

There will be some interest earnings earned along the way.

There will be $168 million or so or more or less, depending on the bond size available for the uses.

We'll have to pay underwriters and other things to do the bond issuance.

I budgeted a full year of debt service payments, although that really won't happen if they issue late in the year, there will be a small fractional amount of that.

Whatever amount of money, this next money is really the debt service reserve is really the plug number.

It's whatever is left goes to seeding the initial part of the reserve.

At $120 million, the two times reserve at today's interest rate is going to have to be somewhere around $15 million, give or take.

There's a budgeted amount for authority operations over here too.

We itemize, we bill all of our hours and all of our vendors as to whether there's specific football operations occurring or baseball operations occurring.

And then we make the contribution first part of the public contribution to the baseball stadium construction.

That's the end of my presentation.

So, Mr.

Chair, if you'd either ask questions or open the public hearing, I'm available for questions.

Thank you, Mr.

Finger.

We'll open the public hearing, come back to the board if they have any questions after the public hearing.

So we will open the public hearing on the fiscal year 2027 budget.

Is there any member of the public uh wishes to um provide comments on our budget?

See none, we will close the public hearing.

Um any member of the board that would um like to make a comment, have any questions on the budget?

I do.

Mr.

Weekly.

Yes, sir.

Thank you so much.

Good afternoon, everyone.

Um it let me um ask a question in reference to um the request from Clark County.

Um where have we or are we deciding that today in terms of um the um capital improvement for infrastructure that the county is requesting?

How does that work?

Um are we allocating funding back to the county, or is that something that um this authority uh takes upon itself and then what does that price tag look like, number one?

Yeah.

Um price tag is TBD and the county's list of projects is actually south of ten million dollars that they've asked for.

The 10 million dollars is a marker that gives you potential to spend the money.

You will only spend the dollars that you subsequently approve as a project.

Um those projects, in theory, in my opinion, could be executed and reimbursed from the stadium authority by the team or by us, um, and possibly by the county, but in any event would be subject to our approval as it relates to it and with what I think is uh necessary involvement of the team as it relates to their opinions as to uh best course of action for the activities and the improvements around the facility.

Yeah.

Uh thank you.

Uh and I think that for many of us who have been fortunate to go out uh to the um to the um stadium there, we probably would support that because I know for me, you know, uh it's crazy now when I go out there for anything.

I'm just looking at everything now, and I'm looking at signage.

I'm looking at um the infrastructure.

I'm looking at off-site improvements.

I'm looking at a number of those things, and it just to me it's a little chaotic and crazy there.

And I'm just thinking that I think that's a great idea to be able to put some type of structure in place there where it aesthetically looks a lot better than what it does today.

It's just it's just really chaotic.

People are coming from all different directions.

Is that it's a great sighting, but it's just it's just chaotic.

I sp I speak for the team only with great caution, but I know the team has their uh own ideas and interest in gantry signs and improvements of traffic flow around there.

So I think we're gonna find some alignments and bring some projects to you in that specific space.

I love it.

And then lastly, uh Mr.

Heel, I hope that as you continue to do the great work that you're doing, um, we're attracting a lot of great things coming to Allegiant.

Um that we we need a little bit more vibe out there.

I just need a little bit more pop.

A little too bland.

Um so in the future.

I'm looking at you.

I'm looking at you to go back to your young people in your family and say, if I have to take some young folks on a field trip and just find out what's the vibe we could put out there.

Is this a little bland and you know we just need a little bit more something?

It's just right now it's not a Vegas looking.

It's it's it's it's cool, but you know, we got another Super Bowl coming and a lot of other great, a lot of great concerts on the horizon.

And right now is just when I go out there, it's just like a regular stadium when I go to another city, and I'm just needing hours to be just a little bit ahead above the rest.

You're not settling for the number one award.

We've worn this out.

It's done.

It's done.

Um we we we've done good on attendance, but we just need a little bit more pop out there now.

Thank you.

Mr.

Newcomb?

Uh, Mr.

Chair Mike Newcomb for the record, uh, I have a disclosure on agenda item number two.

I am employed by the University of Nevada Las Vegas, wherein I serve as the executive director of the Thomas Mack Center Cox Pavilion.

In agenda item two, staff seeks the board's approval for the stadium authorities fiscal year 2027 budget.

The budget includes an expenditure to UNOV for the compensation payment related to the loss of net income as a result of closing Sandboard Stadium.

The independence of judgment of a reasonable person in my situation may be materially affected regarding the budget with the proposed UNLV payment as my employer will directly benefit from the payment.

Therefore, I will abstain from deliberating or voting on agenda item number two.

Thank you, Mr.

Newcomb.

Any other board member have any questions, comments?

Just one quick point of clarification.

Mr.

Finger, following the questioning regarding the use of those funds.

Traffic flow principally, improvements around signage, public safety.

But are there parameters beyond?

I mean, are those a parameters so that you can do that?

Yeah, there's some you know, there's some general parameters in the law, and you can talk to the father of the law there.

But uh that it needs to be about the stadium and its impact and its existence and not sort of general county operations or things that would have otherwise been demanded of the situation otherwise.

So that is a framework and a parameter for the consideration in the future of this team.

And there are more specific words in the law that I'll bring back to you, but that's ballpark.

So we'd be looking at a different trancha funds to deal with the POP that uh Dr.

Reakon is looking for.

Yes.

The money at the bottom of the waterfall is available as Mr.

Finger said to either pay off bonds early um to do capital maintenance or to um improve the infrastructure around the stadium.

Um so and that's really the um entirety of that little portion of the law.

So we do have some flexibility in there.

Um it wouldn't include POP, but um it would certainly include the suggestions that the county has made.

And anybody can make suggestions, the Raiders, the general public, the county.

We felt like the county suggestions had merit.

We think the team thinks the same thing.

Um we will almost certainly bring some of those projects back to the board for potentially um review and approval uh at a future date.

As it as Mr.

Finger said, the budget has to include an amount of money that is appropriated to spend.

It doesn't mean we have to spend it.

Yeah.

It it but we can't spend more than what we appropriate.

And with that, um, I will entertain a motion to approve our budget.

I'll make a motion to follow staff's recommendation for approval, please.

Uh, we have a motion.

Uh please cast your vote.

Lawrence Epstein, yes.

Bob Usidus, yes.

And that passes.

Um agenda item three.

Mr.

Chair, state law requires the annual submission of a five-year capital plan, which is shown on the screen.

For the football stadium, the budget is the amount of the waterfall transfer in the interest to the football stadium capital project.

In the case of the waterfall, it's the 10 million dollars we just described, and I'm moving from top to bottom in the green column.

And for the baseball fund, it's the bottom of that 168 million dollar quadrant I showed you, the 154 that in this year goes to the public contribution towards the stadium build.

Um the other four years are advisory.

Those three years all tied your first year ties to your budget, the rest are advisory.

They'll change in each and every subsequent year by the actualized budgets.

So again, an action item.

Mr.

Chair, staff recommends approval.

Thank you, Mr.

Finger.

And just so everybody knows we're required to submit this plan.

Uh, without this capital plan, we cannot issue bonds.

And so that you know, we're just following um state law along those lines.

So um any questions?

Uh and if not, entertain a motion.

Tell me right.

Motion to approve.

May have uh motion, uh, please cast your vote.

Lawrence Epstein, yes.

Bob, you citis, yes.

And that passes.

Uh agenda item four.

Mr.

Chair, agenda item four is also a capital budget item, but capital budget in this context is a lease term of art, and it relates to the annual capital budget submission that is required about the turn of the calendar year for the Raiders.

You guys approved this year's in December.

The Raiders are allowed to come back and ask for additional work and to modify that.

So in this specific case, they have proposed a $304,000 project, and Mr.

Sauteropoulos will tell us about it here for your consideration.

I want to clean up some of the language I wrote in here as it relates to Grand Canyon's review.

Normally at this point, Grand Canyon has reviewed all of it and reviewed all of the spec.

At this point, they've reviewed and nodded to the concept, but they have not seen the actual design details.

I would ask Mr.

Chair as an amendment or recommend approval after Mr.

Sauteropoulis presents, but ask as a condition of subsequent reimbursement.

Because again, when you guys approve these, then the team finishes them, turns bills into the staff here, and as long as there is money in that stadium authority capital fund and the invoices are in good order, we reimburse them for the work.

So it add is a condition to that that in between here and there, Grand Canyon Development reviews the actual designs and makes the same general opinion and finding that they do.

And with that, Mr.

Chair, I'll turn it over to Mr.

Sauteropoulos.

Good afternoon board.

Um Commissioner Weekly wants a project that's gonna pop.

I don't necessarily know if this is that project, but um it is something that we've identified as something that's gonna help out with our operations and um excited to kind of talk through that today and answer any questions that you guys might have.

I'll kind of go ahead and kind of move to this slide.

This kind of discusses kind of the impetus of why this project's important.

Um currently we operate our Braider Image Retail store on a day-to-day basis.

Um when we opened up with the design, um, I think one of the flaws that we identified was there's actually not a restroom in the area that services the guests that go to that location.

So currently, as it stands, if someone were to need to go to the restroom, we've got to take them through this lobby up the escalators or elevator to our hundred-level main concourse, and that's the kind of nearest restroom facility that we have.

In addition, back of house, our staff members that are in that area also don't have an area to use restrooms.

So this is a project that we would feel important.

Not only um does it deliver dedicated restrooms for our staff, but it also makes a much better guest experience for those that are visiting the team store who are taking a tour and when we're loading in a large event or we're doing a lot of different stuff in the operation, um, to not have to bring people all the way up through that location to our main concourses.

We're getting for ready or ready for an event, kind of makes it a better experience for everyone.

So I think it's a a project that definitely solves a problem for us, gonna make a better experience.

Um we've had the chance to kind of go through a competitive RFP process.

We have a contractor in place, and like Ed said, once we kind of get all the drawings and permits and um get our design ready to go, we'll make sure we work with Grand Canyon.

Um we expect it to be about a three-month process from when we um kind of start the drawings to kind of getting this done, and we've got a plan in place to where it shouldn't impact any of the events coming up, and we can do that without um minimizing anything that we have in a very busy um rest of the year as well as um the next few years.

So that's um kind of a general sense of what we're looking for.

I'm happy to answer any questions that you guys might have.

And questions.

And we can put some lights in the restroom and make it pop inside.

Mr.

Taberty.

When Mr.

Finger briefed me the other day, I think there was three restrooms for both male and female.

So the restrooms are going to be a single stall kind of family style restroom.

So the ones that we have kind of dedicated for our staff will um be able to accommodate male or female, and then kind of in this rent.

This is just a rendering kind of showing kind of the placement of where it will be, but it will be a um family style restroom that could accommodate male or female.

It seems a little iffy to me to have not a male and female restroom with that many people coming in and out of there.

I don't just questioning that.

Just a point of clarification.

On an event day, we will this will not be the main point of where we send people to the restaurant.

We will still use our main facilities.

Um, this is mostly on a day where you know we're using our team store where I would say the flow of individuals isn't, you know, we're not getting thousands of people.

This is mostly to serve, you know, when we've got um people shopping at our stores.

I think the volume of people isn't what you would necessarily see on an event day.

But we can definitely take a look to see based on the real estate that we have in this location if there's a way to um potentially increase what we have.

We're kind of working within um a tight footprint in that in that location.

Any other questions, comments?

I will say there's a joke in there about pop missing an O, but um I'll just let that one go.

Um I'd entertain a motion.

Tommy White motion to approve.

Shocked everybody in the silencer.

Please please cast your vote.

Yes.

Bob, you said us, yes.

And that passes.

Um item five.

I saw that joke in your eyes three minutes before you made it.

Mr.

Chair, agenda item four was discussed during agenda item two.

It is the UNOV contribution payment of $2 million forty-eight, one hundred and fifty-two dollars and ninety cents for the fall 2025 season.

This compensates UNLB for the loss of net income caused by the closing of Sam Boyd Stadium.

This is year four of the 10 years that they're eligible for this payment under state law.

Mr.

Chair, this is an action item of staff recommends approval.

Mr.

Chair, Mike Newcomb for the record.

Another disclosure on agenda item number five.

You don't have to read the whole thing.

You can just therefore I abstain from deliberating or voting on item number five.

Thank you.

Thank you, Mr.

Nickam.

Um, if there are no questions, I'd entertain a motion.

Motion to approve, Tommy.

Please cast your votes.

Lawrence Epstein, yes.

Bob, you said us, yes.

Yes.

And that passes.

Mr.

Chair, agenda item six is the recurring football stadium room tax report.

Highlighted by March room taxes increasing 14.4% year over year, driven by Con Econ Expo here in the destination.

That took us from a position when when I reported to you last quarter, we were 9.6 down year over year to a point where we're 4.5% down year over year, and we are 1.8% under budget year to date.

Mr.

Chair, it's an informational only presentation.

I'm available for any questions.

Questions from Mr.

Finger.

See none.

Move on to agenda item seven.

Mr.

Chair, agenda item seven is an information report, and Mr.

Feldman's, I'm sure on his way up here to give you the first quarter 2026 report.

Almost beat you to it.

Good afternoon, everybody.

Quarter one of 2026, quarter one is usually a little quieter, right?

We are holding dates for playoff games.

It will be very busy first quarter of 2027 for us.

Um some big highlights.

We passed 800 public and private events since the stadium is opened and over 7.5 million guests.

Uh in that quarter, in quarter one, we did have two big third-party events.

Uh NRL, which continues to do very, very well.

We just recently announced a fourth year in a row that they'll be coming back February of 2027.

Uh and then the Luke Combs concert, which was in the round and is now officially our highest attended event since opening the stadium with just over 66,000 guests in attendance.

Um other than that, going to be a very busy summer, as Chris already said.

Uh, we're excited to welcome about a quarter of a million BTS fans over the next seven days.

We'll sleep in the other part of the off season, I guess.

Um any questions, happy to answer them.

Does that consider any POP?

If 250,000 BTS fans isn't pop, I go.

I'm I'm having a struggle finding it.

Maybe you have some follow up.

Thank you, Mr.

Feldman.

Thank you for share it.

Okay, agenda item eight.

Mr.

Chair, agenda item nine is the second of our recurring quarterly reports on the revenues that will be used for the construction and debt service of the baseball park.

As a reminder, I told you this early.

This district captures it contains all incremental tax revenues fees identified in the law or subsequently by the county and the state generated from the project.

Those categories, the major categories are actually here on the left in those in the spreadsheet.

We've begun collecting sales and use taxes on construction and a little modified business tax.

The total up there is about two and a half million dollars to date.

For the level of construction activity, this number should be higher.

We are learning and working through some issues as a team on getting those folks reporting in a way that allows the state to identify revenues as the SEID revenues and not general revenues.

Otherwise, we won't have a problem getting those back, even though there'll be a little bit of little there would be a little bit of effort.

Uh but this will be a number that should exceed 10 million dollars in this fiscal year by the time that we're done.

Again, an information report.

I'm available for any questions.

Any questions for Mr.

Finger?

Okay, thanks.

Um, we will take uh agenda items nine and ten together, and I'll turn it over to Ms.

Baden.

Board members, the baseball stadium community oversight committee met on May 5th of this year.

The committee received a report covering the two main categories of benefits under the CBA and Senate Bill.

And I'll refer to them from here on out as the team, are implementing those benefits now.

The workforce requirements are divided into construction workforce and operational workforce categories.

The committee heard from Tyler Vanicott with Morton said McCarthy, construction manager of the project that the team is meeting the workforce diversity requirement of at least 51% of hours performed by target workers.

Those are women, minorities, veterans, and individuals with disabilities, with 78% of such hours of work performed by target workers.

The committee received a demographic breakdown of the target workers as well.

The team is currently slightly below the small local business or SLB participation requirement of 15%.

However, the team reported that the current percentages due in part to early procurement of big materials such as structural steel, which can only be obtained by one supplier.

The team is confident that the SLB participation ratio will increase as additional such businesses are onboarded and engaged with the project.

The operational workforce requirements will commence when the stadium opens.

In terms of community engagement requirements, the collective team participated in over 78 community activities during the first quarter of 2026, including a pop taps campaign and dinner with the Ronald McDonald House, a construction angels fundraiser, elementary school career days, little league events, and support for Getty Two Shoes Foundation and Toys for Tots.

The team also supported 30 nonprofits during that same period.

Community benefits director Don Burnett outlined the monitoring effect monitoring efforts relating to the workforce requirements to ensure compliance with the CBA.

He discussed his work with Mortenson McCarthy in measuring the performance objectives of the CBA.

His monitoring efforts include the examination of project documents, construction contract requirements, and payroll data.

He reported on a recently implemented SLB progress monitoring program that includes reviewing monthly participation summary reports and statements of detailed accounts payable data from Morton Sub McCarthy covering contract requirements and payments for SLB and non-SLB entities.

He reported that he reviewed 100% of entries for approximately 240 million dollars in payments to 42 contractors and subcontractors, and that he has been able to validate or reconcile Martinson McCarthy's reported SLB spending to date.

Thank you, Ms.

Bateman.

Any questions for Ms.

Bateman?

Thank you.

Good to be here today.

And I appreciate you were able to come out and look around and appreciate the uh contractor and CCA ICON uh accommodating our tour.

So that was really good.

Um we we go out and attend uh the OAC meetings every week, which are on every Wednesday.

Um Patrick and myself do site tours on a regular basis.

And we can report, at least to today, that as far as we can observe, that they're still working on schedule and seem to be on budget.

So we're very happy with that.

Um also I wanted to say that I do know that there are discussions going on relative to the development of the central utility plant, um, along with the garage and the plaza out front, but I'm not gonna speak to those today, but I'm available to potentially ask any questions if you might have any.

Thank you, Tony.

Uh any questions from Mr.

Costantino.

Great.

Great, thank you.

Tyler, welcome.

All right.

Nice to be with you all today.

Uh again, Tyler Vannicott, uh, project director for Mortenson McCarthy.

Uh, thank you for the opportunity to share an update on the uh the project.

Uh I'm gonna skip forward to a couple slides here.

So I'm gonna start with just some construction update and project coordination information.

Um the project continues to progress on schedule.

Uh, so appreciate the comments earlier as well on that.

Um the uh lower suite level is progressing substantially with construction, in which we're seeing our framing uh going into place.

We're starting to see a lot of the rooms take shape and a lot of that environment really starting to become and look more and more like a stadium.

Uh we are complete with our buttresses, so I know there's been a lot of excitement.

Again, probably on the construction nerd side of me, speaking about the buttresses, but they're just a tremendous element to the ballpark, and it holds up the substantial structure that uh Mr.

Hill stole my thunder on of the uh the trusses that are gonna start going up here in June.

So uh we're excited about that, and it's something that the entire community can be proud of when they're looking up at the ballpark.

Um, I'm not gonna read through every single one of these line items, but what I want to be able to communicate here is that um there is work happening across every single uh facet of the ballpark.

So we're working on the exterior enclosure, working on the interior spaces, we have structure working.

Uh we've finished a lot of our structural slabs, so we're about roughly speaking 75% complete with uh with concrete work on the ballpark.

And uh, as you can see, we're continuing to go more and more vertical as we wrap ourselves around the ballpark.

Uh as it relates to project coordination, so we've had a lot of uh our coordination that's led for led to MEP um procurement, so our mechanical electrical and plumbing procurement of some of these really long substantial lead time elements.

We've had deliveries of air handlers this week, so a lot of that early coordination is really paying off.

Uh I'm gonna play a video here that um will help communicate a bit of the progress that you've seen.

Here we go.

So this shows the progress on site from February of uh of this year to current.

Um what you'll see here is that our pan and joist decks are still just wrapping around, all of that work is now substantially complete.

Our vertical columns that were still underway here, that is now complete.

Uh we have finished all of our buttresses, which you can see underway in this video.

And then at this stage, you know, both in February and even March, you don't see any of our structural steel that started on the ballpark.

So everything that you currently see out there as it relates to structural steel all happened within the last two months.

Uh here in April is when you start to see that work going vertical.

You see the uh the shoring towers in the middle of ballpark progressing.

You see our steel starting to wrap around as we continue to go vertical.

You see escalators that have been delivered to the ballpark.

So again, those early um procurement items uh to make sure that they get here in time.

And then here around April 20th, we're finishing up that final concrete deck pour that you see in the top left corner there, and which we're able to celebrate the uh incredible craft that we have on site as we had our final uh pan and joys concrete deck pour.

Um we're really excited.

The the other fun element about this photo here this video here is you see that large crane uh that's being assembled in the middle of the bowl.

Uh, and then here in this video in May, you can actually see it standing up there.

And that's gonna be the large crane that'll help with our truss erection uh in the from the middle of the bowl.

And then we actually have had another crane that's been delivered on the outside of the bowl that's gonna help erect the truss steel from the outside.

Um, and again, that work is all scheduled to start here in the the coming weeks.

Um couple more photos, which I think will be helpful, and I'll I'll speak to those and then I'll pause for a moment if there's any questions on schedule.

Um we're currently averaging I'll speak to this slide first, sorry.

Uh so the comments I've made um have been really about where we've been, and this is helping to tell the story of where we're going.

So the roof structure is gonna be a lot of the work that you're gonna be seeing on the ballpark over the next couple of months that's gonna be visible.

So the trusses are gonna connect from side to side.

Um we're working very closely.

We've we have multiple fab shops that are helping us make sure that we get that steel here on time uh in order to help uh feed the beast of what those cranes are able to put into place each and every day.

Um so the the work that's gonna be happening in the next couple months uh on the inside of the ballpark, you're gonna see interior framing continue, our underground MEP continuing, and each of those areas are gonna continue to take more and more shape as we work our way around.

Uh another exciting update from today actually, we had our first slab on metal deck pour.

So that was on our upper suite level, and um that's uh you know, a nice space where now we can walk up there safely, get people up to and uh be able to share the incredible view from the ballpark.

Uh as I commented, um, we are on schedule.

Uh there's been a tremendous effort that's uh gotten into this stage, but none of that would have been possible if it wasn't for the tremendous workforce that we have in this town.

It's something that we continue to be amazed by every single day.

We're averaging anywhere from around 530 to 550 craft on site each and every day, uh, and that continues to um uptick.

Uh we flatlined there for a little while, and that was just because of the uh as we ramp down on our concrete scope of work, we're ramping up on our steel and other scopes of work, um, and then now we anticipate that to start climbing again uh over the next couple of months.

Uh this next video is our 40 model.

Um, so this is a tool that we help you uh to communicate uh what the plan is to both our trade partner community, um, our neighbors with valleys, and uh helps us make sure that we're communicating clearly and effectively of what our plan is so that we can get this ballpark built.

Um, the other thing that this does is it helps us create that environment where everybody has the opportunity to speak up if they have any questions or concerns.

Um, this is the a way that we can help visualize and communicate the plan so that if there is a question about adjacency of work or somebody working above one another, they can say, you know, I have a question or a comment about how we can make sure that we do that safely, most importantly.

Uh so this video, as we're progressing around, you see the decks going in place.

Um this is work that is uh is been completed at this point, and then um you'll start to see here uh shortly the structural steel starting, so that's a good um uh key marker for about April of uh of this year.

So this is now around April.

You see the shoring towers going into place, you'll see steel progressing around, and uh roughly speaking, this is about where we're at today.

So the rest of this video is gonna help show again that story of where we're going.

You'll see the truss uh steel going into place.

You'll start to see the in field infill, excuse me, steel that'll uh fill in between those large trusses, creating those clear stories, um, and then we'll start to enclose a lot of the ballpark.

While all of this work is happening, we're working on every single level within the ballpark, making sure that we're progressing that to uh hit our key milestone dates.

Uh some of the final activities that you'll see um here in the video will be our enclosure wrapping up, and then uh the final element on the north side is that beautiful cable net curtain wall that really creates that um that uh viewpoint of the uh of the strip looking out on uh on the corner there.

So the what you can see in the faint lines are those cables going into place, and then the glazing will start here.

Um you currently see the ETFE product that's on the top of the screen, uh, but then starting here at the bottom of the screen, you'll see the uh glazing going into place on that main cable net.

Once that glazing is complete, then we just have a couple uh months of commissioning to make sure that the building is you know, breathing, operating how it should, and uh and then we wrap things up and we're playing ball.

So the video makes it look easy.

Uh the craft make it look easy, but uh there's a lot to go, and we're excited about it.

Uh a couple progress photos, and then I'll pause to see if there's any construction related um questions.

Uh this photo here really helps illustrate the progression on the exterior of the ballpark, so helping to enclose the uh event level and the uh lower suite level.

Um obviously you can see those shoring towers in the background and some uh in the bottom screen there, some of the uh escalators that are in place staged for that work.

Uh this is helping to show a lot of that bowl steel.

Um, we're also excited that in about three weeks we're gonna start our precast installation in the bowl.

Uh that will be a uh work effort that's gonna go into place in uh off hours, so we'll we'll have multiple crews working throughout the day.

Uh this truss, you know, the the picture doesn't quite put it into words, but this is um substantial large trusses that um get set into place.

So the amount of planning that's gone into this, we had a really successful um safety planning meeting this week, just talking through with the crews of what that activity is gonna look like.

Uh this here is showing a bit of the I want to just point your attention to the bottom of the screen uh more so.

So some of the interior work that's progressing, the interior framing, the slab on grade work, and uh some of that MEP work that's uh going into place as well with overhead duct work and other elements.

And lastly, uh our uh bid farewell as we move on with schedule, seeing the the buttresses, that's work that we've now fully completed, um, as well as our pan and joy stecks.

So uh we can you know move on from that phase and and look on to uh to new activities starting here shortly.

I'll pause there for any uh construction related questions and then I'll hit on some comments uh SLB related.

Any questions for Tyler?

Great.

Thanks.

Uh as it relates to SLB participation, so thank you for the summary.

Um it was uh an honor to engage again with the um baseball stadium community oversight committee uh and Mr.

Don Burnett.

Um the only clarification that I did want to comment as it relates to our current trending, our um forecasted projection is still above the 15% threshold, and as it relates to the percentage to date, that's just based on the the percentage of spent dollars to date is less than the 15% due to some of that large procurement of material.

So we do fully um expect to exceed the 15% commitment.

So I just wanted to reiterate that uh commitment today to you all.

Uh we are currently trending around the 78% mark for targeted workforce.

Any questions as it relates to small business participation?

Any other questions?

Okay, thank you very much.

Appreciate it.

Mr.

Dean.

Welcome.

Thanks, Chairman Hill.

And it's um really nice to be with all of you.

Uh and also thanks, Tyler.

And I think uh, you know, we're uh like a year and a month into actual work and for Morton Son McCarth to be able to tell us we're on schedule is some of the best words we could hear.

Um and also it's fun to see the pictures.

Uh I think you know, uh, for people who've been out, or even if you stand on the perimeter of the project as the bowl is take its shape, you can really see the verticality of what we're gonna have.

And uh we you know, as we've been saying for quite some time, it's gonna be very intimate ballpark and all the seats are gonna be close.

And for any that are able to come take a tour that really I think jumps out.

Um, just while I'm here, I want to make a shameless plug that there are six games coming in Las Vegas.

Uh the brewers, the 8th, 9th, and 10th, and the Rockies the 12th, 13th, and 14th, and there's a very limited number of seats left for anybody who doesn't have their seats, and there's also standing room only tickets available for 15 dollars.

Okay.

Tyler uh talked about the work inside the ballpark.

And uh internally, we often refer to all of that as the work inside the nine acres.

The ballpark site is a circle of exactly nine acres.

I'm gonna spend a little time continuing the conversation we started at the last meeting talking about work outside the nine acres.

Um Bally's is in charge of what happens outside the nine acres.

Uh and also we can build things for the ballpark outside the nine acres if it's consistent with Bally's plan and if it's needed for the ballpark.

Um, our entitlements with the county, which passed in April of last year, uh included the approval of a 2500 car garage in the southeast corner, and also a single central utility plant that is just north of the east side of the garage, just north of the east side of the southeast garage.

And I've got a picture, they'll show that in a minute.

Um as Ballys has worked through the phasing of their property.

Oh, when I say central utility plant, I should say just like to put it in layman's terms.

That's where we produce the chilled water to have air conditioning and the hot water to have heating, and that's supported by some electrical infrastructure.

As Ballys has worked through the phasing of their property, and especially with any hotel tower expected to be beyond a phase one for what Bally's might build.

Um a couple of changes are coming out of that.

And we talked about this with at the county on Tuesday.

Um for much of 2025, we had sort of expected we and Ballys together had expected there would be a single central utility plant, and that that would service the entire site with greater phasing by Bally's.

Um we've collectively concluded it's much better to phase the central utility plan as well.

And we've come up with a um a program where we're going to build a utility plant that will serve mostly the A's on what would have been the east side of the garage, and I'll show a picture of that in a minute.

And also um we've concluded that it makes sense to phase the garage.

The garage was contemplated to be 2500 stalls at its full capacity.

Uh, and now what we're expecting is it'll be 1,500 stalls at the start with a thousand stalls available to be added as additional building happens on the site.

So let me see if I can make the amazing.

Okay, so if you look at the left side of this picture, that's just you know, from a distance what the what the site looks like with just the ballpark and the southeast garage.

And then if you look at the right side with more detail, you can see the green stripe, which is about 50 feet wide, and I think it's a dimension of 240 or 50 feet tall.

That that area had been thought of as for the garage, but we're gonna convert that into an area for the utility plant that would serve mostly the A's, but probably also some phase one build-out for ballet's.

And then if you look above that, you see where it says future IR, uh IR is short for integrated resort.

And that was the originally expected site for the single combined central utility plant, and that site is mostly left intact to be available for the development of the resort site at a future date.

Does that make sense to everybody?

Any questions on that?

Okay, and then that's did you have to give up anything where you added the A's um central utility plant?

Was there something else designated to be there?

Yeah, it's a great question, Steve.

And uh the garage was designed to be 2500 stalls.

There have been moments in times where we've wondered might it even be bigger to the degree that that might be useful for the resort.

Um by I think you know, maybe uh we were essentially adding one extra floor to the garage to retain the full 2500 car capacity, and it does contribute to a slight inefficiency of the garage because it extra floor an extra floor requires one more ramp and so on.

But in the scheme of all the things we're juggling, that was a pretty efficient solution.

And and the site has a lot of things planned for it, and that was a way that we could get additional dedicated square footage for utility usage without compromising the ultimate utilization of the site.

And Bally's was really good to work with us on that and try and figure out a plan that would work for both of us.

Sandy, can I just ask?

Um with the um illustration I'm looking at, there's an area here for NV Energy to have some presence.

And then I see a dotted line.

I'm assuming that that's how you'll secure the connectivity that you need for the the plant.

Is that is that how that's working or no?

So this has gone back and forth a couple of times.

We need some dedicated square footage for electrical equipment in support of the uh usage of electricity on the site and to step down in voltage and so on.

Uh and I'm quickly gonna get very over my skis on that.

But uh there have been moments where we've thought about some of that equipment going inside the um cup building, and moments where some of that's been contemplated to be outside the cup building.

And um the where it says NV Energy Yard, that will ultimately have you know material electrical infrastructure there, and um, I think the current thinking is that we're gonna maintain that space for that and probably keep most of that equipment out of our out of the A's Southeast Cup.

This did I answer your question, or did you have something different?

Yes, I mean it means that you will be self-sufficient in terms of the power generation that you need to serve the stadium because I don't see another way for you to Yeah.

Um we we'll be sharing the NV energy yard to a degree.

Um we may have some electrical equipment in the cup also, but you know, if to provide more answer than that, I'd I'd have to get more help.

But it's it's we're pretty confident that's gonna work.

And there's been a lot of dialogue.

There's a lot of people involved in the planning here.

And then the other question, and and I understand you're not the energy expert.

With the uh adjustments that you're making.

You're working with the county.

So with the water chilling and the heating, you'll be consistent with all of the new rules around water usage.

We've had a lot of dialogue about that, and um we're gonna have the county support for the whatever the ultimate answer is for how we navigate that.

Okay, fair enough.

I just want to put it out there.

For sure.

Uh okay, now I've got a couple other pictures.

This just to give a more full visual, shows on the left side of what the garage would be at 1500 stalls with a you know, phase one central utility plant next to it.

And then the second one shows when we get to the full capacity of the garage, how does that interact with the central utility plant and so on.

Any questions on that?

Okay.

Then this last slide, when we were last together, we talked about hey, we'll come back in May and be a little more specific about dates.

And um I'll take these maybe slightly out of order that they're in the table.

Um the permit plans for the Southeast Garage have been done for some time for a full build out.

Um, those plans are in the process of being modified to phase the garage and should be ready to be into the county by June 30 or maybe slightly before.

And our intention is to get those in and to be able to break ground on the Southeast Garage in September with a finished date.

We say February.

I think it's possible that could be a little sooner.

On the central utility plant, um, those drawings are not as far along as the garage, but they're coming along quickly.

It took us a little while to figure out how to phase the central utility plant.

And so the the plan is to have those uh permit plans in by September with a breakground date in November.

Hey, we're in a hurry to get on with that, and also uh we've got to allow enough time to get the thing, the design finished.

And when we say completion date, September 1, 27, that's really the date we desire to have chilled water ready for the site, and that's one that we've pushed back.

We had originally been seeking um a little bit sooner, but we think we can get by with September 127 for chilled water available to the site.

And then the last thing to talk about is the Northwest Plaza.

And um this plans for that are fully underway.

Um our target date for submittal for permit, and I say hour, this is really Bally's submittal, would be in September with a break ground of November and finish at the end of 27.

We have an asterisk there because uh we think the plants could be divided, and that might allow for work to start earlier with just a foundation package and so on.

Um Bally's is still working to assemble the balance of the financing for the plaza.

And uh, you know, I think when we were here last time, we probably talked about you know, there's a lot of different ways all the phasing could play out, and we've tried to think of all the things that we should do in response to that.

We've worked on uh to the degree that f the financing remains in process.

By the time we get to uh oh the end of the summer, we our our best contingency plan is to um think about what would be essentially an interim plaza.

And we have design work going on for this, so that if it was needed, we would be prepared.

And an interim plaza would would probably in some way have people come across the bridges from MGM and Excalibur, and as opposed to remaining, you know, at that level and beginning to go up a little.

Those bridges are in the 20s something feet, 22, 25 feet or something above uh street level to get to the front door of the ballpark, you gotta get to I think 37 or 38 feet.

Uh and the the ultimate master plan here has people walking from the bridges in a slight um grade to get up to the front door.

In the absence of all of that coming together, we would instead have people come down escalators, enter an area where you'd have shade and vending uh and make that uh be a place where people could gather and together move towards a set of escalators that would be bring people back up to the front door of the ballpark um at the far end of that.

Um we're all of that kind of remains a little bit in process, but that's how we've been thinking about how to navigate that as we go forward.

Um questions on that.

Questions for Sandy, um just uh maybe more of a comment than a question, Sandy.

Um, you know, the plaza or the podium or whatever we're gonna um call that area is uh an important part of um making the stadium a first class premier stadium.

Um to the extent that Valleys and you go forward and build um what you have in mind the full podium, that's great.

That works terrifically.

Um certainly want to thank Nick for being here.

We want to thank um Sue, Mr.

Kim, for um the commitment that he's made to um making this project happen.

It just wouldn't we wouldn't be here without the commitment that he's made.

Um we've got three months left to figure this out, but we really we agree with you on this time frame, and we only have three months left uh to figure that out.

Um I I have I think we have concern about an interim plaza, not because it wouldn't work in and of itself, um, but at some point that entire site development is going to require that full plaza be built.

And um concerned about how we would make the transition from a temporary plaza to a full plaza and maintain that uh first class premier standard for that stadium.

Um we're gonna ask that um between now and our meeting in August, or at our meeting in August, you guys come back with a definitive plan that you're ready to execute that we can't agree with.

Um so let's have some conversation along the way.

Appreciate the comments and and uh we look forward to talking between now and then.

Yeah, great.

Any other questions or comments from Sandy?

It's really nice to be here.

Thank you.

And I'm gonna bring Mark Badane up, I think.

Thanks, guys.

Mr.

Badain, good afternoon.

Chairman Hill.

Uh I'm gonna take uh a few moments just to talk a little bit about community engagement and sales, but you heard Chairman Hill and Mr.

Finger joined us on the job site yesterday.

And the greatest asset you can give is your time.

You guys are all volunteering for this, and as entertaining and enjoyable as these meetings are, I would suggest you take us up on the offer and come out to the site uh to see what your time is actually contributing to to engage with the 600 plus craft workers that are out there uh and to see this this project come to life.

It's pretty inspiring.

It's pretty fun to be there, and you should know that your efforts are appreciated by us and by everybody that's out there.

So thank you for that.

Uh just a few minutes on community engagement.

We provided all this information here in Miss Bateman's share that we presented to the Oversight Committee Board.

We've obviously spent a lot of time and energy in the community that will continue.

We've brought copies our of our community impact report for members of the board that will give it to you after the meeting.

If we had had this conversation a year ago I think there were two employees I think it was me and Kelsey Bannister who's running our ticket operations.

So we continued to bring more and more people here as well as hiring a lot of locals and bring them to Las Vegas and those folks are buying homes and renting homes and getting involved in the community and enrolling in schools and will be part uh of the vibrant Las Vegas community.

In fact that number should be 57 because uh one of our uh SVPs sitting in the room who I'm gonna embarrass right now Miss Acre closed on our house yesterday so congratulations and welcome to the battle borne state Miss Acre uh we've got a slide of a number of logos of of entities and community partners and groups that we've been working with over the last couple of years and that will continue you see a lot of little leagues on there and a lot of um a lot of entities that that you are all familiar with and we'll continue to work with and continue to take your feedback on that we've been giving the uh hard hat tours we encourage you to come we've been trying to get as many leaders in town business leaders civic leaders out to the site to see what their work and their involvement is is producing here you see up top the experience center we opened that back in December but really didn't open for sales until March uh I I'll give an update on sales in a second but I'll just skip ahead from that to that slide we are selling basically just our premium product our our suite product and and a couple of our clubs behind home plate more of the ticket product will open up over the of the coming months that that sales effort has been incredibly successful the the first sweet product is sold out and the first block of of tickets that we put on sale behind home plate is an 80% sell through in under two months.

So the market has responded as expected and and everyone's very very excited uh about what we're offering in the ballpark but I do want to reinforce because we've had this conversation here there will be product at all price points there will be deals for locals there will be a lot of affordable tickets for families to come to our ballpark.

We just completed about 85 hours of focus groups with about 120 locals to get their feedback on what they wanted out of this ballpark not just for the ultra premium and for the visitation that we know is important to this community but also for the rest of the community and the people that work here and the people that are going to become the next generation of A's fans they need to be there and they need to be part of this ballpark and we need to make sure that we have the product for them.

Sandy did already give the shameless plug for the games coming up in a couple weeks I hope you're all able to join us it should be fun to watch this team we're currently in first place uh and we just seem to be giving everyone a heart attack every single night and taking it into the ninth and tenth inning so hopefully we'll have some fun games with some wins at the end of June.

I already mentioned the Sales Center some of you have been out there if you have not been able to join us please take us up on that offer as well.

And I'll pause for any questions.

Questions for Mr.

Bidane Thanks for being here Mark Thank you.

Okay we will move on to our second public comment period uh there are any members of the public that wish to address the board um please come up to the podium and seeing none we will adjourn.

Thanks for being here everybody appreciate it