The Clark County Commission on Wednesday postponed action on a request from the Raiders for waivers to development standards on signs at Allegiant Stadium.
Clark County could pay the Raiders a rebate of almost $460,000 if elected officials approve a proposed ordinance slashing fees that developers pay for expedited building and zoning reviews.
The last three years have been Clark County’s best when it comes to visitation levels. The coming Las Vegas Stadium should make future numbers even better, according to a new Moody’s Investor Service report.
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.
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 House had sought to eliminate the tax exemption for bonds used to build professional sports stadiums, but the provision was removed during the GOP leadership’s conference negotiations.
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.
Planned local construction projects — including the stadium that will be the Raiders’ home — could face delays unless Clark County finds a way to increase staffing in its public works department.
Work at the site hasn’t even begun, and the NFL stadium in Las Vegas already faces its first possible construction delay.