UPDATE:Nevada Gov.

It will be demolished to make way for the ballpark.

Im excited to officially sign SB1 this afternoon, Lombardo said.

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The Tropicana TEllen Schmidt/Las Vegas Review-Journal/Tribune News Service via Getty Images

The As lease in the Bay Area runs until the end of 2024.

Clark County also would contribute $25 million in credit toward infrastructure costs.

To pass, the bill needs a simple majority in the state Senate and Assembly.

WGA West building in Hollywood

The new ballpark would be build on the site where the Tropicana Las Vegas resort now sits.

The existing structure would be demolished to accomodate the new ballpark.

At 30,000 seats, it would be the smallest stadium in MLB.

Besides the bills passage, MLB owners still must approve the move from Oakland to Las Vegas.

They meet June 13-15 in New York.

The public funding is by no means guaranteed.

Democratic legislators have threatened to be a roadblock if Republican Governor Joe Lombardo nixes other spending proposals.