Technology
Aramark wins Las Vegas ballpark F&B deal
Image: HNTB and Athletics Aramark Sports + Entertainment has been selected as the food and beverage service provider for the proposed new A’s ballpark in Las Vegas. Sports Business Journal said that as part of a 20-year deal, Aramark has had to shell out at least $175 million to land the job, including an equity […]
Image: HNTB and Athletics
Aramark Sports + Entertainment has been selected as the food and beverage service provider for the proposed new A’s ballpark in Las Vegas.
Sports Business Journal said that as part of a 20-year deal, Aramark has had to shell out at least $175 million to land the job, including an equity investment into the team of at least $100 million and a capex investment commitment of at least $75 million, according to sources.
The 33,000-capacity New Las Vegas Stadium is a future fixed-roof ballpark to be built on the site of the former Tropicana Las Vegas (casino hotel) on the Las Vegas Strip in Paradise, Nevada (US).
It is planned as the new home stadium of the Athletics of Major League Baseball (MLB) after they complete their planned relocation from Oakland, California, to the Las Vegas Metropolitan area.
The A’s give Aramark a second big MLB account win in as many years after it picked up the San Francico Giants last year just before the 2024 MLB season started.
In addition to the A’s and Giants, Aramark S+E’s MLB portfolio includes PNC Park (Pirates), Daikin Park (Astros), Kauffman Stadium (Royals), Fenway Park (Red Sox), Coors Field (Rockies), Citizens Bank Park (Phillies), and Citi Field (Mets).
Aramark also worked with the A’s as their concessionaire at Oakland Coliseum.
SBJ further stated that five of the sports venue F&B industry’s six biggest companies – Aramark Sports + Entertainment, Delaware North, Legends, Levy, and Sodexo Live – competed for the A’s’ business, beginning late last year.
At least four of those were willing to consider the A’s equity stake request. Oak View Group, which doesn’t have any baseball clients and is already engaged in Las Vegas with its recent takeover of Allegiant Stadium, was the only major player that didn’t compete.
Delaware North, Levy, and Aramark emerged with the highest/best offers in the last month of the RFP process, which concluded in April.
The A’s Las Vegas stadium project still hasn’t been completely finalized, though it is progressing toward an official groundbreaking in June.
A’s owner John Fisher is reportedly looking to close a stadium funding gap of at least $500 million.
Legends is operating the A’s’ food and beverage service for the next few years at Sutter Health Park in West Sacramento while the team waits for its new Las Vegas stadium to be built.
The A’s announced they’re opening an experience sales center this fall and they’re looking to officially break ground this summer.
Clark County (Nevada) recently put an agreement in place for what happens to the site if the stadium project isn’t finished, though that’s normal procedure for a project of this magnitude, especially for valuable land near the Las Vegas Strip.
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