When the Las Vegas Stadium Authority board begins reviewing the terms of a proposed lease agreement with the Oakland Raiders on Thursday, they‘ll want to pay close attention to the “Expected Facility Standard.”
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Oakland Raiders executives have told the NFL that Goldman Sachs is committed to financing the team’s proposed domed stadium in Las Vegas with or without an investment from casino executive Sheldon Adelson, the Las Vegas Stadium Authority board learned Thursday.
Applied Analysis will continue to play an integral role in bringing a stadium to the Las Vegas Valley after the Stadium Authority Board temporarily hired the local research firm during its inaugural meeting Monday.
State officials have posted the first agenda for what will be known as the Stadium Authority Board and much of the meeting will be dedicated to discussing procedures board members will take as it works to build a new home for the Oakland Raider
Gov. Brian Sandoval on Monday said he wants to take a wait-and-see approach before deciding whether to fast-track at least $899 million in freeway improvements to accommodate construction of a new 65,000-seat stadium.
Gov. Sandoval also names banker, MGM official to the new nine-member body established to oversee construction of a proposed $1.9 billion domed football stadium in Las Vegas.
When Clark County commissioners convene for their Nov. 15 meeting, they’ll have the option of codifying two hotel room tax increases to fund the upgrade of the Las Vegas Convention Center and the construction of a domed stadium in one fell swoop. But if Commissioner Chris Giunchigliani has her way, commissioners will take their time before raising the tax to finance $750 million in bonds for the $1.9 billion stadium project.
Clark County commissioners, spurred by the Nevada Legislature’s approval of a plan for a stadium that could house Oakland Raiders, gave their unanimous approval Tuesday for the Las Vegas Monorail Co. to extend its route from MGM Grand to Mandalay Bay.
Democratic legislative leaders say they plan to reach a community benefits agreement with a yet-to-be-appointed Las Vegas stadium authority board assuring that more than half the construction and operations jobs on the $1.9 billion project go to underprivileged workers.
Gov. Brian Sandoval will sign Senate Bill 1 and Assembly Bill 1 into law at 11 a.m. Monday at the Richard Tam Alumni Center at UNLV.