SCCG · Mna

Bally’s Implements Three-Phase Structure for $1.1 Billion Mixed-Use Project at Las Vegas Athletics Ballpark Site

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Bally’s Implements Three-Phase Structure for $1.1 Billion Mixed-Use Project at Las Vegas Athletics Ballpark Site

TL;DR — Bally’s has restructured its $1.1 billion Las Vegas mixed-use development around the Athletics ballpark into three phases. Clark County approved 26 acres on August 19 for podium, parking, and theater elements, with the hotel casino slated for separate review on September 16. A potential buyer could acquire the project with transferred development rights.

SCCG Take — The phased approvals give Bally’s execution flexibility and improve sale prospects for the site. Operators and investors should track the September 16 hearing and FAA input for effects on the full casino resort timeline.

Bally’s has revised its plans for the mixed-use development around the future Athletics ballpark in Las Vegas. The $1.1 billion project will now advance in three phases after the Clark County Commission granted partial land use approvals. This adjustment separates certain elements, including the hotel casino, for later review while construction on the stadium proceeds.

Clark County Approvals and Access Requirements

On August 19, the Clark County Commission approved land use permissions covering 26 acres around the under-construction ballpark, though the approval does not cover the entire development. Clark County spokeswoman Jennifer Cooper said the approved portion is intended to ensure visitors have safe access between public sidewalks, pedestrian bridges and the stadium.

The entitlement package addresses a mixed-use podium on the northwest corner, parking facilities, and a theater on the southwest corner. The Commission will consider the future hotel casino separately on September 16. Federal Aviation Administration approval is also required. An unnamed group has expressed interest in purchasing the Bally’s planned project. If a sale occurs, the approved development rights would transfer with the property.

Project Phases, Parking Capacity and Timeline

The first phase includes the Athletics’ $2 billion ballpark, a 1,500-space parking garage, and a central utility plant. The second phase centers on the new podium, which will feature a three-level parking garage with 953 spaces beneath a plaza for retail, dining, and entertainment amenities. A 2,500-seat theater and temporary surface parking for about 532 additional spaces are also part of this phase.

Later phases will add the casino resort between the podium and theater along with further parking. The first two phases are expected to provide 3,055 on-site parking spaces. The ballpark will rely partly on nearby MGM Resorts properties for event parking, with more than 30,000 spaces located within walking distance. The stadium remains scheduled for completion in late February 2028. The Athletics have filed building permit applications for the southeast parking garage and utility infrastructure, while Bally’s has submitted applications for the northwest podium and theater.

This phased structure, as reported by GamblingNews, allows incremental progress on core infrastructure while deferring the integrated resort component. The approach aligns approvals with immediate access and construction needs at the site.

Reporting: GamblingNews

Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.

Steve’s read · SCCG Intelligence

Phased approvals de-risk execution and make the $1.1 billion site easier to sell — smart structuring in uncertain times.

We've placed capital and operators into every major Vegas mixed-use project over three decades. Splitting this into digestible phases signals Bally's is prioritizing optionality — whether that means staged execution or a cleaner exit. The September 16 casino hearing and potential buyer interest tell us this asset is in play, and timing matters for anyone eyeing Strip-adjacent opportunities.

SCCG angle: SCCG has direct relationships with the capital sources and operators circling this asset. If you're evaluating acquisition or partnership on the casino phase, we connect you to the right decision-makers and help structure deals that align entitlements, timelines, and risk. We've done it on every major Vegas development for 30 years.

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