It only took an hour and a half Wednesday for Clark County to sell the bonds necessary to help finance the planned $1.8 billion Las Vegas stadium to 43 institutional investors.
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Board members cruised through a lengthy agenda, but had little to show for it in the end, except that everything still appears to be on track for completion of a final stadium development agreement in February.
The agreement outlines improvements to infrastructure and public safety at and around the stadium, all of which the Raiders have agreed to fund.
The Raiders have agreed to meet all of Clark County’s infrastructure requests to mitigate the impact of building a 65,000-seat NFL stadium west of the Strip, county comprehensive planning director Nancy Amundsen said Wednesday.
The U.S. Army Corps of Engineers has signed off on plans to move a flood-control culvert so construction can begin in earnest at the future home of the Las Vegas Raiders.
Rep. Dina Titus has sent a letter to congressional leaders urging a conference committee to add language that would exempt two major Las Vegas projects from a bill that would ban the use of tax-exempt bonds for stadiums used by professional sports teams.
Work at the site hasn’t even begun, and the NFL stadium in Las Vegas already faces its first possible construction delay.