Oakland Raiders owner Mark Davis on Thursday told the Southern Nevada Tourism Infrastructure Committee that he wants to move his NFL franchise to Las Vegas, and he pledged $500 million toward the construction of a $1.4 billion domed stadium if a public-private financing plan is approved by the Legislature.
Would Southern Nevadans prefer to spend room-tax revenue on a domed football stadium and a potential National Football League team, or a convention center expansion boosters say would keep Las Vegas the leading convention and trade show host?
A domed stadium proposed for the University of Nevada, Las Vegas football team has a price tag of $1.2 billion, and developers would seek $780 million in public financing, according to a document provided by Las Vegas Sands Corp., which is leading a consortium behind the project.
Casino giant Las Vegas Sands Corp. will lead a consortium of investors planning to build a $1 billion domed stadium on 42 acres near the University of Nevada, Las Vegas that would house the school’s football team — and possibly a National Football League franchise.
Major League Soccer wants to expand from 24 to 28 teams. Las Vegas, which has made a pitch before for an expansion club, is not on the current short list.
The owners of the new MGM Resorts International-AEG arena on the Strip are launching a new VIP club membership deal that will allow a member to buy a ticket for the vast majority of events at the $375 million venue that opens in April.
UNLV officials are looking at commercial developments including a 30,000-square-foot entertainment building, restaurants and retail stores as possible money-makers to help buy a 42-acre stadium site at Tropicana Avenue and Koval Lane.
Las Vegans will not get a chance to weigh in on millions of dollars in public soccer stadium subsidies after all.
The MLS snub ends years of planning and controversy over public subsidies for a downtown stadium.
Sin City’s unique status as a world entertainment destination makes it possible to lure professional sports teams without a public arena or stadium subsidies most cities must pay.
