A sign that a new ballpark for the Las Vegas 51s is at hand is a naming rights deal that is about to be signed. A $80 million 20-year deal could be approved by the Las Vegas Convention and Visitors Authority this week.
The naming-rights deal with Clark County Las Vegas Stadium LLC, the 51s owner, is expected to be discussed at Tuesday’s LVCVA meeting. The Howard Hughes Corp. has been moving on very quietly on a new ballpark to be located next to the training facility for the NHL’s Vegas Golden Knights in Downtown Summerlin. The LVCVA will vote the proposal and a 36-page contract between the authority and Clark County Las Vegas Stadium LLC, a subsidiary of Summerlin Las Vegas Baseball Club LLC. Summerlin Las Vegas Baseball Club owns the 51s and is affiliated with the Howard Hughes Corp., developers of the master-planned community of Summerlin and Downtown Summerlin, a 1.8 million-square-foot retail and office complex that opened in 2014. This deal between the Howard Hughes Corporation and the LVCVA is in the making since June.
The current home of the 51s, Cashman Field is owned by the Las Vegas Convention and Visitors Authority. Next to giving the LVCVA a naming rights partner, the new deal also gives the Authority the right to plan other events at the new facility as well. Events like MLB practice games and MLB Spring Training games.
Part of the new deal is the name of Las Vegas will appear on all signage which means exterior, concourse, suites, scoreboard and outfield walls as well as advertising on video walls. Also the name of the team should include Las Vegas instead of Summerlin, the city adjacent to Las Vegas where the new ballpark is projected to be built.
If the LVCVA will agree on the deal it would guarantee $4 million annually for a 20-year term beginning in the 2019 fiscal year, extending into 2038.