The City Council will consider a proposed deal set to offer a vacant 55-acre parcel to the National Football League team for $6.05 million, just over half of the appraised value of $12 million.
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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.
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.
The Las Vegas Stadium Authority will get its first look at the details of the financing of the 65,000-seat domed football stadium when it meets Thursday, a day after Clark County officials conduct a high-impact project hearing on the development.
Clark County commissioners are expected to vote next week whether to allow the project to continue. While approval is all but certain, county staff has requested several stipulations be incorporated with the OK.
Providing adequate transportation infrastructure for Las Vegas’ impending NFL stadium was a chief concern for members of local town advisory boards who convened Wednesday night.
Every time a sold-out Las Vegas Raiders home game ends in 2020, thousands of vehicles are expected to take to local streets within an hour, according to a traffic impact study submitted Thursday to Clark County.
State bonds will likely cover roughly $200 million in improvements meant to relieve freeway traffic near the 62-acre stadium site for the NFL’s Raiders on Russell Road, just west of Interstate 15.
Super Bowls, Final Fours, any event in the sports culture seems possible in Las Vegas with the arrival of the Raiders.