Final development agreement for Las Vegas Raiders stadium seems in sight

Updated January 11, 2018 - 5:31 pm

Throughout the Las Vegas Stadium development process, there have been big leaps in progress: the approval of Senate Bill 1, November’s ceremonial groundbreaking, the completion of a Community Benefits Plan.

Then, there are days when the Las Vegas Stadium Auth- ority board takes baby steps that bring full-fledged construction closer, but not by much.

Thursday was one of those days.

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 board tabled action on selecting a chairman for the Benefits Oversight Committee, took a closer look at the UNLV Joint-Use Agreement that won’t be finalized until Jan. 19 and added a page to a Non-Relocation Agreement designed to give the Raiders an out to the 30-year stadium lease they would sign.

On track toward development

After the meeting, Stadium Authority Chairman Steve Hill and Raiders President Marc Badain each said they were satisfied that they had made progress toward the end goal of signing a development agreement to get into the construction phase.

In his report to the board, Badain said work was nearly complete on 100,000 square feet of temporary construction office space, that the relocation of an underground drainage channel was well underway and that the blasting of rock to excavate the inner bowl of the stadium would continue through February.

Board members were hoping to select a chair for the Benefits Oversight Committee, created with December’s completion of a Community Benefits Plan. The authority received 17 nominations for seven committee positions and will choose the chair.

Board member Tommy White said he wanted Sean Stewart, executive director of the Nevada Contractors Association, to chair it, while board member Ken Evans has expressed an interest in leading the committee.

Action tabled

The board agreed to table action the board meets again in a special meeting Jan. 25 — since some of them haven’t met Stewart.

The other six committee members will be selected by the governor, the State Senate majority leader, the State Assembly speaker and the Raiders, who will choose three.

Board members combed over the UNLV Joint-Use Agreement, which is important to the authority because it would serve as arbitrator for any scheduling issues that arise between UNLV and the Raiders.

Senate Bill 1 states that the Raiders and the NFL have priority on scheduling at the stadium, and UNLV has the right to schedule two nonconference football games per year in the stadium and will have rights to the Labor Day holiday weekend. The NFL season normally starts after Labor Day.

Stadium access

The Joint-Use Agreement also spells out the Rebel football team’s access to the stadium, including clubs and boxes, and outlines a revenue stream for advertising and concessions once standard pass-through expenses are calculated.

The Board of Regents’ approval of the agreement next week is a key step toward finalizing the stadium development agreement. Hill said getting UNLV into the stadium has always been one of the key goals because it erases the need to spend hundreds of millions of dollars on a smaller, on-campus, open-air stadium.

Hill acknowledged that addressing scheduling issues was one area the Southern Nevada Tourism Infrastructure Committee might have fallen short on when making stadium recommendations toward the drafting of Senate Bill 1.

The authority also reviewed a proposed new page to the Raiders Non-Relocation Agreement that gives the team an out if any state, county or authority entity imposes a “targeted tax” on the team or stadium during the term of the lease.

A targeted tax is defined as any new tax that is directed or effectively directed at the team, the stadium, spectators, players or team officials or the NFL and its teams and spectators.

The new section of the agreement effectively enables the Raiders to legally break the lease at the stadium if a targeted tax is imposed.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

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Jim Rhodes, a developer, has listed his mansion in Spanish Hills community for $30 million. The mansion is situated on 2 acres of land and features 19,345 square feet of living space. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Court ruling brings hope to local Vietnam veteran
Blue Water Navy Veteran Michael Yates talks about possible medical benefits he could receive after a federal court ruling this week. Yates claims he was exposed to Agent Orange and attributes that to his health problems, which include cancer.
Las Vegas charter school excels in areas of greatest need
Mater Academy Mountain Vista charter school students excel despite the fact that half the students are English language learners and all qualify for free or reduced-price lunches. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
37th Annual Dr. Martin Luther King, Jr. Parade in downtown Las Vegas
The 37th Annual Dr. Martin Luther King, Jr. Parade, themed "Living the Dream: One People, One Nation, One Dream," took place in downtown Las Vegas Monday, Jan. 21, 2019. (K.M. Cannon/Las Vegas Review-Journal)
People in Mesquite deal with a massive power outage
People in Mesquite respond to a major power outage in the area on Monday, Jan. 21, 2019. (Mat Luschek/Las Vegas Review-Journal)
New MLK freeway onramps
How to navigate the trio of new freeway onramps from Martin Luther King Boulevard. (Mick Akers/Las Vegas Review-Journal)
Campus Village next to UNLV gets demolished
Demolition of Campus Village shopping center, on Maryland Parkway across from UNLV, begins to make way for new development.
Extreme weather closes Scenic Loop in Red Rock Canyon
High winds and flooding closed the Scenic Loop in Red Rock Canyon National Conservation area Thursday. Minor flooding across Highway 159 caused drivers to slow, but didn't close the road. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Learning live-saving techniques in Stop the Bleed class
Leslie Shaffer, an AMR paramedic, shows how to control bleeding during a Stop the Bleed course at the Summerlin Library. The class is designed to teach anyone how to control and stop life-threatening bleeding. (Mia Sims/Las Vegas Review-Journal)
Mount Charleston Gets Heavy Snow, Fog
Mount Charleston saw heavy snow today, and fog in lower elevations as a cold front swept across the Las Vegas Valley. (Benjamin Hager/Las Vegas Review-Journal)
Tourists enjoy rain in downtown Las Vegas
Tourists break out the umbrellas. But Brian Herting of Lincoln, Nebraska, dons shorts and a T-shirt, as he makes his way through downtown Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Thick fog blanketed Las Vegas Valley on Tuesday
Thick fog blanketed Las Vegas Valley on Tuesday. The National Weather Service.forecast called for a 50 percent chance of rain. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
Time lapse video of fog covering the Strip
The Las Vegas Strip is shrouded in fog Tuesday, Jan. 15, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Tony Spilotro's Las Vegas home for sale — VIDEO
The former Las Vegas home of Chicago mob enforcer, Tony Spilotro, is now for sale. Spilotro, who was portrayed by Joe Pesci in the film Casino, is the original owner of the home at 4675 Balfour Drive, built in 1974. (Samia DeCubas/Las Vegas Review-Journal)
Buffalo Drive And Mountains Edge Parkway Fatal
Las Vegas police and the Nevada Highway Patrol are investigating a fatal crash in the southwest valley on Saturday afternoon. (Richard Brian/Las Vegas Review-Journal)
Tony Sanchez wraps up the UNLV season
UNLV football coach Tony Sanchez wraps up the season. Video by Mark Anderson/Las Vegas Review-Journal
Business
Dig This opens new location In Las Vegas
Remember when you were a kid and played with construction toys in the sand box? Dig This Las Vegas has the same idea, except instead of toy bulldozers, you get to play with the real thing. (Mat Luschek/Review-Journal)
Town Square developer Jim Stuart building again in Las Vegas
Las Vegas’ real estate bubble took developers on a wild ride, something Jim Stuart knows all too well. (Las Vegas Review-Journal)
Salon opens at Veterans Village
T.H.E. Salon, owned by Nicole Christie, celebrated their opening at the Veterans Village with a ribbon cutting ceremony.
Southwest Airlines considering Las Vegas-Hawaii flights
Southwest Airlines CEO Gary Kelly says the airline is "very focused" on Hawaii. Hawaiians have a strong presence in Las Vegas.The city’s unofficial status is “Hawaii’s ninth island.” In 2018, at least 2,958 people from Hawaii moved to Nevada. Of those, 88.7 percent moved into Clark County, according to driver license surrender data. According to the Las Vegas Convention and Visitors Authority, 310,249 people came to Las Vegas from Hawaii in 2018.
Fewer Nevadans are celebrating Valentine's Day
Fewer Nevadans are celebrating Valentine's Day. About 1.2 million Nevadans are expected to celebrate this year, a 5 percent drop from 2018. A growing number of people consider Valentine’s Day over-commercialized. Others weren’t interested in the holiday or had nobody to celebrate with. But spending is expected to rise. Those who do celebrate are buying for more people. The average American is expected to spend about $162 this year for Valentine’s Day, a 57 percent jump from a decade prior. Katherine Cullen, director of industry and consumer insights at NRF
Foreclosures of mansions in Las Vegas
Las Vegas was ground zero for America's foreclosure crisis after the housing bubble burst. (Eli Segall/Las Vegas Review-Journal)
Rick Helfenbein talks about the impact of tariffs on the clothing industry
MAGIC fashion convention showcases men's clothing trends
The MAGIC fashion convention has come to Las Vegas at the Mandalay Bay Convention Center to showcase some of the hottest clothing trends for men. (Nathan Asselin/Las Vegas Review-Journal)
Allegiant Air flight attendants learn how to handle a water landing
Field instructor Ashleigh Markel talks about training prospective flight attendants for Allegiant Air getting live training with a raft for a water landing at the Heritage Park Aquatic Complex in Henderson on Monday. (John Hornberg/Las Vegas Review-Journal)
Smith & Wollensky CEO Michael Feighery speaks
Smith & Wollensky CEO Michael Feighery speaks about the new Smith & Wollensky restaurant coming to the Grand Canal Shoppes at The Venetian in Las Vegas.
Smith & Wollensky CEO Michael Feighery speaks
Smith & Wollensky CEO Michael Feighery speaks about the new Smith & Wollensky restaurant coming to the Grand Canal Shoppes at The Venetian in Las Vegas.
Smith & Wollensky CEO Michael Feighery talks about Las Vegas return
Michael Feighery, CEO of Smith & Wollensky Restaurant Group, discusses the restaurant's upcoming return to the Las Vegas Strip.
Apartments to Come to Hughes Center
Developer Eric Cohen discusses his current building project at the Hughes Center office park in Las Vegas, Thursday, Jan. 31, 2019. Caroline Brehman/Las Vegas Review-Journal
Stratosphere to rebrand to The STRAT
The Stratosphere, a 1,150-foot-tall property in Las Vegas will be renamed The STRAT Hotel, Casino and Skypod.
Local designers’ picks for the Las Vegas Market
The trends that local interior designers are noticing at the Las Vegas Market this year. (Rachel Aston/Las Vegas Review-Journal)
Trends in bath products at Las Vegas Market
Camille Herd, the showroom manager for European Bath Kitchen Tile & Stone, talks about the popularity of free-standing bath tubs. (Rachel Aston/Las Vegas Review-Journal) @rookie__rae
Kitchen trends at Las Vegas Winter Market
Las Vegas Winter Market displayed kitchen trends that mirror common dining accessories at Strip eateries. (Rachel Aston/Las Vegas Review-Journal) @rookie__rae
Emerging trends in gifts at Las Vegas Market
Julie Smith Vincenti, curator for the First Look showroom tour on gifts and lifestyle, talks about the emerging trends in those categories for this season. (Rachel Aston/Las Vegas Review-Journal) @rookie__rae
Las Vegas house prices are rising
Southern Nevada home prices were up 12 percent year-over-year in November.
Caesars Republic Scottsdale
Caesars Entertainment Corp. is building its first non-gaming hotel in the United States in Scottsdale, Arizona. (Caesars Entertainment Corp.)
Interior designer Mikel Welch talks about trends for Las Vegas Market
Interior designer Mikel Welch, who also is the on-camera designer for TLC’s Trading Spaces, discusses the trends he sees for the 2019 Las Vegas Winter Market. (Rachel Aston/Las Vegas Review-Journal) @rookie__rae
SHOT Show 2019: MEGGITT Virtual Training
MEGGIT showcases its virtual training system at SHOT Show 2019 in Las Vegas.
MGM delivers 700 meals to TSA workers at McCarran
Chefs at Garde Manger at Mandalay Bay provided 700 meals to federal employees who are affected by the government shutdown. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
SHOT Show 2019: A "nonsemi-automatic” weapon
Brandon Dunham of Nevada-based Franklin Armory show off the company’s new rifle prototype it calls a “nonsemi-automatic” weapon. The gun does not use a gas system to fire.
Las Vegas-based concrete repair company knows how to beat the heat
ART Concrete Solutions, a Las Vegas concrete-repair firm, addresses the challenges of construction in the extreme heat and sun of Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Las Vegas based company brings color to concrete in the desert heat
Semco Modern Seamless Surface, a Las Vegas surface engineering company, knows how to put color in concrete construction in the Vegas heat. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Fun photo booth at World of Concrete
World of Concrete show at the Las Vegas Convention Center sponsored by DeWalt gives conventioneers a chance for photos with giant tools. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
SHOT Show 2019: Laserstar Technologies
Laerstar Technologies showed off their laser engraving machines, that can be used to personalize anything from guns and knives, to medical tools and household items. (Mick Akers/Las Vegas Review-Journal)
World of Concrete Show has big equipment on display
World of Concrete Show has big equipment on display at the Las Vegas Convention Center including an impact crusher, concrete pump and a self-erecting portable concrete batch plant. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Shot Show 2019: Kalashnikov USA shows off new products
Jonathan Mossberg of Kalashnikov USA talks about new products on display at Shot Show 2019 in Las Vegas.
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