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.
Allegiant Stadium
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 Chairman and CEO Sheldon Adelson has withdrawn as investors in a proposed $1.9 billion, 65,000-seat domed football stadium intended to bring the NFL’s Oakland Raiders to Southern Nevada.
Several state and county lawmakers Friday questioned demands laid out by the Oakland Raiders in a proposed lease for a planned 65,000-seat stadium in Las Vegas.
The Oakland Raiders submitted a proposed stadium lease agreement to the Las Vegas Stadium Authority Thursday that calls for the team to pay rent of $1 per year.
The Las Vegas Stadium Authority is expected to appoint Houston-based Andrews Kurth law firm, which has proposed a collaboration with Brownstein Hyatt Farber Schreck of Las Vegas, to be the authority’s legal representatives.
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