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 committee making recommendations to Gov. Brian Sandoval and the Nevada Legislature on attracting events to the new Las Vegas stadium is leaning toward expanding the role of the Las Vegas Convention and Visitors Authority and Las Vegas Events, rather than forming of a new sports commission.
By all accounts, the new Raiders stadium in Las Vegas is well on its way to being completed before the 2020 NFL season.
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.
Republican governor candidate and state Treasurer Dan Schwartz said he wants to strip the $750 million taxpayer subsidy earmarked for the Raiders’ stadium and use it to fix Nevada’s much maligned public education system.
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.