The Oakland Athletics have reached agreement to put their new ballpark on part of the site of the current Tropicana property along the Las Vegas Strip.

Bally’s Corp. announced Monday that, in conjunction with Gaming & Leisure Properties, Inc., it has reached a binding agreement with the A’s for the site.

Plans call for a 30,000-seat ballpark projected to draw an attendance of more than 2.5 million people per year, per Bally’s. Previous reports estimated the cost of the stadium at $1.5 billion, with $395 million in public financing.