Study after study has concluded that stadiums aren’t effective economic development drivers. But a leading urban growth researcher says Orlando and Las Vegas are exceptions because of the strength of their regions’ tourism economies.
Construction crews working on the $1.8 billion Las Vegas stadium project have exceeded minority hiring goals since the project began in November.
A detailed look at the construction process for the Las Vegas stadium is expected to be presented Monday to the committee appointed to oversee the Oakland Raiders’ community benefits plan.
After six weeks of high-intensity meetings with generous high-fiving for the delivery of a comprehensive stadium development deal for the Oakland Raiders and UNLV football, the Las Vegas Stadium Authority got down to more mundane work Thursday.
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.
Clark County Commissioner Chris Giunchigliani has consistently opposed the public’s $750 million subsidy for the 65,000-seat indoor football stadium being built by the Oakland Raiders. Commission Chairman Steve Sisolak and other commissioners have consistently supported it. Nothing was different Tuesday as commissioners neared the financial finish line for funding the project.