The Oakland A's have agreed to buy land near the Las Vegas Strip.

The Oakland Athletics have signed a contractual deal to purchase land near the Las Vegas Strip on which they hope to build a major league ballpark, 

According to team president Dave Kaval, who spoke to the Las Vegas Review-Journal on Wednesday.

The agreement is for a 49-acre land owned by Red Rock Resorts, Station Casinos' parent business.

Kaval told the Review-Journal that a $1.5 billion, 35,000-seat, partially retractable roof stadium will be built on the property, 

That eateries and an amphitheater are also being considered.To fund the stadium, the A's will form a public-private partnership with Nevada and Clark County. 

The A's want to commence ground next year and relocate into their new home by 2027, according to Kaval.

"We were on similar paths [with Oakland] for a while, but we have turned our attention to Las Vegas to get a deal here for the A's and find a long-term home,"