When others talk about how some NFL owners still might be nervous about the gambling aspects of Las Vegas or how tickets might sell or the market size, never forget this number: $750 million in tax revenue.
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Oakland Raiders president Marc Badain had no comment on whether he has told the NFL that two major financial institutions are prepared to loan hundreds of millions of dollars so the franchise can move ahead with the building of a stadium in Las Vegas.
State officials are moving ahead with freeway improvements that would accommodate a potential stadium for the NFL’s Oakland Raiders and a factory for Faraday Future in North Las Vegas, even though the future of both projects remains in question.
In the first comments from either party about stadium development negotiations between the Raiders and the Adelson family, Las Vegas Sands Vice President Andy Abboud says the Raiders kept changing their minds on details that were all but settled.
Oakland Raiders President Marc Badain apologized Thursday for the public uproar created by a proposed lease agreement that restricted UNLV’s use of a 65,000 seat stadium in Las Vegas that the team hopes will be its next home.
An Oklahoma congressman has filed a bill that would close a loophole in the tax code on bonds used to finance public sports stadiums and arenas.
When the Las Vegas Stadium Authority board begins reviewing the terms of a proposed lease agreement with the Oakland Raiders on Thursday, they‘ll want to pay close attention to the “Expected Facility Standard.”
Projected costs for a proposed new NFL stadium in Las Vegas might not be as high as anticipated, leaving Oakland Raiders owner Mark Davis looking for a new investment partner but possibly needing less money to complete the project.
Here are 10 key questions and answers about what lies ahead for the project at the center of the Oakland Raiders’ request to relocate to Las Vegas.
The Las Vegas Stadium Authority will continue to work with the Oakland Raiders to build a football stadium in Las Vegas that will be shared with UNLV, authority board Chairman Steve Hill said Wednesday.
Amazingly, the $750 million in public money already committed to a proposed 65,000-seat domed stadium in Las Vegas seems to have fallen to sidebar status.
Senate Majority Leader Aaron Ford said Wednesday he fully supports construction of an NFL stadium in Las Vegas to be the home of the Raiders, and that his infrastructure funding proposal is only an option if the deal falls through.
The Oakland Raiders’ deal with New York-based Goldman Sachs to finance a $1.9 billion stadium in Las Vegas is in jeopardy because the agreement was contingent on a $650 million investment from Sheldon Adelson, who withdrew from the partnership Monday.
If the Raiders ultimately can strike a deal with Goldman Sachs that makes up the $650 million the Adelson family had pledged toward a new Las Vegas stadium, the odds of Oakland getting the 24 votes needed for relocation isn’t at all hurt by the casino executive’s withdrawal.
The family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson has withdrawn as investors in a proposed $1.9 billion, 65,000-seat domed football stadium intended to bring the NFL’s Oakland Raiders to Southern Nevada.