The Raiders have acknowledged there’s still $162 million in unpaid bills on Allegiant Stadium, and the Stadium Authority says liens against any large project are common.
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The joint venture in charge of construction the $2 billion Allegiant Stadium is facing a fine for a serious violation by Nevada regulators.
The closure of Las Vegas Strip resorts resulted in a nearly 98 percent dip in room taxes going toward Allegiant Stadium over April and May.
The company with a large Las Vegas presence has become the “Official Credit Card Processing Company of the Las Vegas Raiders and Allegiant Stadium.”
What goes up must come down, at least temporarily.
Robust PSL sales have boosted the stadium budget by $228 million over original estimates, according to the latest financial report provided by the Las Vegas Stadium Authority.
The Southern Nevada Water Authority will seek approval for a marketing and advertising partnership with the Raiders during its Thursday board meeting. The 10-year deal would cost $30 million in tax dollars.
Nearly half of the $1.8 billion has been spent and construction on the Las Vegas stadium is about 44 percent completed with 11 of 26 canopy trusses in place.
A final cost figure for the Raiders stadium in Las Vegas is going to be determined over the next few days.
Contractors for the Las Vegas stadium project will issue the first of six procurement bid requests July 3 and expect prospective bidders to return proposals by the end of that month, the building team told subcontractors and suppliers Thursday.