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In this episode of Locked On A’s, we tackle the hot topic of the A’s impending move to Las Vegas and everything that’s been unfolding behind the scenes. With financing finally secured through U.S. Bank and Goldman Sachs and the Fisher family pledging $1 billion toward the project, the relocation feels inevitable. But with a projected stadium cost climbing to 1.75 billion, skeptics have raised concerns about financing gaps, missing escrow accounts, and conditional commitment letters. We’ll break down why these concerns may not hold water, using real-world examples from the lending industry to explain how deals like these work. As someone with over two decades of experience in lending, I’ll offer a unique perspective on why the A’s move is on track and address common misconceptions about commercial financing for projects of this scale.
We’ll also dive into the public’s frustration over transparency, the absence of an escrow account, and the growing debate surrounding taxpayer funding. Are the comparisons to home purchases and small-scale loans fair? Why does the public feel entitled to know every detail of Fisher’s finances? Plus, what role do independent appraisals and conditional loan commitments play in a project of this magnitude? By the end of this episode, you’ll have a clearer understanding of what’s happening behind the headlines, why the A’s are Vegas-bound, and why this move has stirred up so much controversy among fans and critics alike.
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In this episode of Locked On A’s, we tackle the hot topic of the A’s impending move to Las Vegas and everything that’s been unfolding behind the scenes. With financing finally secured through U.S. Bank and Goldman Sachs and the Fisher family pledging $1 billion toward the project, the relocation feels inevitable. But with a projected stadium cost climbing to 1.75 billion, skeptics have raised concerns about financing gaps, missing escrow accounts, and conditional commitment letters. We’ll break down why these concerns may not hold water, using real-world examples from the lending industry to explain how deals like these work. As someone with over two decades of experience in lending, I’ll offer a unique perspective on why the A’s move is on track and address common misconceptions about commercial financing for projects of this scale.
We’ll also dive into the public’s frustration over transparency, the absence of an escrow account, and the growing debate surrounding taxpayer funding. Are the comparisons to home purchases and small-scale loans fair? Why does the public feel entitled to know every detail of Fisher’s finances? Plus, what role do independent appraisals and conditional loan commitments play in a project of this magnitude? By the end of this episode, you’ll have a clearer understanding of what’s happening behind the headlines, why the A’s are Vegas-bound, and why this move has stirred up so much controversy among fans and critics alike.
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