Las Vegas seen as NFL draft site by 2019, Super Bowl in 2024-25

Updated November 9, 2017 - 7:22 pm

The Oakland Raiders received an important approval that will assure the staging of a Monday groundbreaking event for the 65,000-seat, $1.9 billion domed football stadium and the team’s president told the Las Vegas Stadium Authority Thursday that Las Vegas could host an NFL draft as early as 2019 and a Super Bowl by 2024 or 2025.

Marc Badain also said he and Stadium Authority Chairman Steve Hill would be flying to Houston on Tuesday for the second round of bidding to host one or more FIFA World Cup soccer matches in 2026.

“We’ve had productive dialogue with the NFL, we had meetings a few weeks ago, and they laid out the process for the NFL draft as well as future Super Bowls,” Badain said in a stadium update at the board meeting.

“And I’ll just tell you that we had very positive feedback for the draft to be awarded for 2019 and 2020 and we have a meeting in about three weeks in Dallas to make a presentation for Las Vegas to be the host for one of those drafts and the Super Bowl for the year 2024 or 2025.”

The NFL commonly approves Super Bowl games to cities that have built new stadiums for their NFL teams.

Super Bowl cities

Over the next four years, games will be at U.S. Bank Stadium in Minneapolis, home of the Minnesota Vikings, in 2018; Mercedes Benz Stadium, home of the Falcons in Atlanta in 2019; Hard Rock Stadium, home of the Dolphins in Miami Gardens, Florida, in 2020; and the as yet unnamed stadium being built for the Los Angeles Rams and Los Angeles Chargers in Inglewood, California, in 2021.

Later in the meeting, the board unanimously approved an enabling work agreement that will assure the Raiders’ contracted stadium builders to be able work on 62 acres at Interstate 15 and Russell Road, including permission to undertake a groundbreaking event. The board also unanimously approved a professional services contract with Las Vegas-based Grand Canyon Development Partners to oversee compliance to the work agreement, in place until final development agreements with a guaranteed maximum price is signed.

A description of the enabling work in the contract specifically lists groundbreaking as one of the permitted uses. The Grand Canyon Development Partners contract has hourly rates with a total not to exceed $50,000 through April 30. The Stadium Authority is hopeful of having final development agreements in place by February.

Community benefits plan

One area the Raiders and the authority fell short on Thursday was completing a review of the long-debated community benefits plan, a document that spells out the Raiders and their contractors’ commitment to hiring and subcontracting with small businesses and minority groups and participating in charitable and civic endeavors.

While the Raiders and the authority made headway on several terms within the 10-page plan, they failed to agree on setting a specific percentage of minority contracts and laborers.

The law signed by Gov. Brian Sandoval in October 2016 assuring $750 million in public financing for the stadium project specifically calls for at least 15 percent of the aggregate value of construction work in the guaranteed maximum price be contracted to vetted local small business enterprises.

The plan would be overseen by an uncompensated seven-member panel with one representative from the authority, one appointee each from the governor, the State Senate majority leader and the State Assembly speaker and three appointed by the Raiders.

While the plan specifies that the Raiders and their contractors will reach out to the Latin Chamber of Commerce, the National Association of Minority Contractors, the Women Business Enterprise Council, the Nevada Contractors Association, the Western Region Minority Supplier Development Council, the Asian Chamber of Commerce, the Urban Chamber and the Gay and Lesbian Chamber of Commerce Nevada, there are no percentage breakdowns.

Best plan drafted

While Raiders legal counsel Dan Ventrelle called the plan the best ever drafted for a stadium construction project, other authority members wanted greater assurance.

Under a section on workplace diversity, the plan says the “developer has created initiatives that have led to and will continue to lead to opportunities for women, people of color and other targeted groups.” The plan commits to working with veterans, faith-based leaders, apprenticeship training, work-readiness support, union partnership and the LGBTQ community.

The Raiders contract with prime contractor Mortenson Construction of Minneapolis and McCarthy Builders of Henderson requires a workforce participation target of not less than 38 percent of construction work hours performed by minority and female workers. Critics said a “target” goal doesn’t assure that the numbers would be there.

The plan also calls for a workforce participation target of not less than a combined 55 percent of work hours on days in which events take place at the stadium. Some critics said they would prefer the mandate be applied to all permanent stadium maintenance employees, not just those working events.

Hill said he expects negotiators to continue to work on the plan and return at the authority’s Dec. 14 meeting.

Tax-reform legislation

Hill also addressed last week’s surprising insertion of wording in the House Republicans’ tax-reform legislation that would eliminate tax-exempt status for bonds used to pay for stadiums used by professional sports teams.

Hill said an analysis by Jeremy Aguero of Applied Analysis, the authority’s contracted staff, and him indicated the removal of the tax exemption could cost the authority an estimated $3 million a year, the approximate difference of the interest spread between taxed and tax-exempt bonds.

Hill said the Southern Nevada Tourism Infrastructure Committee he chaired that delivered the stadium financial formula for the bill that created the $750 million in public financing for the stadium estimated conservatively and that the tax revenue generated by the 0.88 percentage-point increase in the room tax would be more than enough to cover the additional cost, but it would mean less money available for authority expenses.

Asked if he was worried about losing that revenue, Hill said, “Well, (losing) $3 million is a concern. It’s an additional obstacle.

“We’re going to have to figure out how to deal with it if, in fact, it is implemented,” he said. “We’re going to have obstacles come up and moving forward, we’ll figure it out. The community would lose $3 million a year and that’s not helpful.”

Sen. Dean Heller, R-Nev., said Wednesday that he would work toward enabling the Las Vegas stadium to have an exemption from the bill since planning and financing was underway before the tax-reform legislation was proposed.

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

ad-high_impact_4
Business
Bellagio, MGM Resorts International’s luxury hotel turns 20
The more than 3,000-room Bellagio hotel is situated on the site of the former Dunes Hotel. The Dunes was imploded in 1993, and construction of the Bellagio started in 1996. It cost $1.6 billion to build, making it the most expensive hotel in the world at the time. The Bellagio was former Wynn Resorts Ltd. Chairman and CEO Steve Wynn’s second major casino on the Strip after The Mirage. MGM Resorts International acquired the property from Steve Wynn in 2000. (Tara Mack/Las Vegas Review-Journal)
Facial recognition software at G2E – Todd Prince
Shing Tao, CEO of Las Vegas-based Remark Holdings, talks about his facial recognition product. (Todd Prince/Las Vegas Review-Journal)
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant
Former NBA player, Shaquille O'Neal, speaks about his new Las Vegas chicken restaurant. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Bobby Baldwin to leave MGM
MGM Resorts International executive and professional poker player Bobby Baldwin is set to leave MGM.
Caesars has new armed emergency response teams
Caesars Entertainment Corp. has created armed emergency response teams. They are composed of former military and law enforcement officials. "These teams provide valuable additional security capabilities,” Caesars spokeswoman Jennifer Forkish said. Caesars is hiring Security Saturation Team supervisors, managers and officers, according to LinkedIn. The company did not say how many people it plans to hire for the units. (Las Vegas Review-Journal)
Las Vegas, airlines prepare for CES
CES in January is expected to attract more than 180,000 attendees. (Las Vegas Review-Journal)
AGS partners with Vegas Golden Knights
AGS is the nation’s second-largest manufacturer of Class II slot machines used primarily in tribal jurisdictions. It announced a marketing partnership with the Vegas Golden Knights NHL team. (Las Vegas Review-Journal)
Lehman Brothers bet big on Las Vegas
Lehman Brothers collapsed 10 years ago, helping send the country into the Great Recession.
Fremont9 opens downtown
Fremont9 apartment complex has opened in downtown Las Vegas. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagran
Ross & Snow launches in Las Vegas
Luxury shoe brand Ross & Snow has opened in Las Vegas, featuring "functional luxury" with premium shearling footwear. (Bailey Schulz/Las Vegas Review-Journal)
Remote Identification and Drones
DJI vice president of policy and public affairs discusses using remote identification on drones. (Bailey Schulz/Las Vegas Review-Journal)
Drones and public safety in Nevada
Two representatives in the drone industry discuss UAV's impact on public safety. (Bailey Schulz/Las Vegas Review-Journal)
Frontier Airlines to launch flights from Las Vegas to Mexico
Frontier, a Denver-based ultra-low-cost carrier, will become the first airline in more than a decade to offer international service to Canada and Mexico from Las Vegas when flights to Cancun and Los Cabos begin Dec. 15. (Rick Velotta/Las Vegas Review-Journal)
MGM Resorts International CEO Jim Murren addresses Oct. 1 lawsuits
MGM Resorts International Chairman and CEO Jim Murren addresses criticism his company has received for filing a lawsuit against the survivors of the Oct. 1 shooting. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International opens the doors on MGM Springfield
Massachusetts’ first hotel-casino opens in downtown Springfield. The $960 million MGM Springfield has 252 rooms and 125,000-square-feet of casino. (K.M. Cannon/Las Vegas Review-Journal)
MGM Resorts International prepares to open MGM Springfield
Las Vegas-based MGM Resorts International gave news media and invited guests a preview of the $960 million MGM Springfield casino in Massachusetts. The commonwealth's first resort casino will open Friday, Aug. 24. (K.M. Cannon/Las Vegas Review-Journal)
A Walk Through Circus Circus
It only takes a short walk through Circus Circus to realize it attracts a demographic like no other casino on the Strip: families with young children. (Todd Prince/Las Vegas Review-Journal)
Morphy Auctions, a vintage slot machines seller, wants gaming license
Vice president Don Grimmer talks about Morphy Auctions at the company's warehouse located at 4520 Arville Street in Las Vegas on Thursday, Aug. 16, 2018. (Rick Velotta/Las Vegas Review-Journal)
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like