The Las Vegas Stadium Authority Board met to discuss the lease agreement between them and the Oakland Raiders on Mar. 9. Their chairman Steve Hill said he was ‘hopeful’ the team will move.
NFL owners meet in Phoenix at the end of the month to consider relocation of the team, but nothing was finalized where the agreement was concerned. (Heidi Fang/Las Vegas Review-Journal)
With the Oakland Raiders looking to move to Las Vegas, NFL Commissioner Roger Goodell addressed a study that showed the city has many positives to it.
Las Vegas Review-Journal’s Ed Graney and Matt Youmans recap the events of the NFL owners meeting and discuss the positivity Goodell had about the Las Vegas market.
On Oct. 11, 2016, Nevada senators approved Senate Bill 1 on a vote of 16-5. The bill, if it passes in the Assembly, would raise room taxes in Clark County in order to fund a stadium and convention center improvements in Las Vegas.
Director of the Governor’s Office of Economic Development Steve Hill said the Stadium Authority Board will continue to work with the Raiders to build a a football stadium in Las Vegas to be shared between UNLV and the Oakland Raiders.
As the Review-Journal previously reported, 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.
“Mr. Adelson and his family have decided to withdraw their participation in the project, and subsequently Goldman Sachs has withdrawn their willingness to fund the stadium and the Raiders’ portion of that funding,” Hill said. “I’ve talked to the Raiders a number of times over the last week, and they are confident that they can secure the funding necessary to move this project forward.”
Speaking at the Las Vegas Global Economic Alliance’s third annual State of Economic Development Wednesday Hill said he is grateful for the Adelson family’s time and effort they put in to bringing an NFL team to Las Vegas and the economic impact of such a stadium still presents a “real opportunity” for the state.
The Southern Nevada Tourism Infrastructure Committee met with the stadium development team, which includes the Las Vegas Sands Corp., Majestic Realty and the Raiders, to further plans to build a stadium in Las Vegas that would be the Raiders new home.
Las Vegas Review-Journal columnists Rick Velotta and Matt Youmans recapped the Southern Nevada Tourism Infrastructure Committee tourism meeting where nine possible locations for a NFL stadium emerged.
NFL commissioner Roger Goodell says talk about the Oakland Raiders moving to Las Vegas is in early stages at best.
The NFL Raiders’ owner Mark Davis is “very optimistic” that Las Vegas will be the new home for his team.
