Las Vegas stadium officials prep for agreements on Raiders, UNLV

Updated June 8, 2017 - 5:50 pm

Call it the calm before the storm.

The Las Vegas Stadium Authority breezed through a report-filled board meeting Thursday, taking no major actions, but prepping for next month when a barrage of agreements involving the Raiders, UNLV and stadium financiers begin.

High on the priority list when the board meets again July 13 will be the UNLV Joint-Use Agreement, a document that will spell out procedures and policies relating to the Rebel football team’s use of the $1.9 billion, 65,000-seat domed stadium being built by the Raiders at Interstate 15 and Russell Road west of Mandalay Bay.

Another key document the authority is expected to address next month will be a community benefits agreement that will assure subcontracts to minority and small businesses when construction, expected to begin near the end of the year, gets underway.

Detailed UNLV agreement

The board spent about a quarter of its 75-minute meeting talking about the intricacies of the UNLV agreement. In an outline developed by Jeremy Aguero of Applied Analysis, the authority’s contracted staff, 16 general topics with more than 100 items were unveiled to the authority board. Some of the topics already have been resolved, but others will take additional discussion at a yet-to-be-scheduled closed meeting.

Among the simple stuff: access to locker rooms, training rooms and UNLV’s provision of game operations staff, officials, ballboys and scoreboard operators.

Where it gets more complicated is on issues of what type of playing surface will be on the stadium floor — UNLV favors artificial turf at Sam Boyd Stadium while its co-tenant, the Raiders, will grow natural turf outside and roll it into the stadium for game days.

Specific costs for UNLV’s use of the stadium also need to be drafted into the agreement. By law, UNLV would be required to pay for the actual expenses of stadium operation and the Raiders won’t profit from UNLV’s presence.

Aguero said representatives of UNLV, the Raiders and the authority met May 30 to work on details. UNLV was represented by President Len Jessup, Athletic Director Desiree Reed-Francois, Senior Vice President of Finance and Business Gerry Bomotti and Mike Newcombe, executive director of the Thomas & Mack Center, Sam Boyd Stadium and the Cox Pavilion who also serves on the authority board, while Raiders Executive Vice President Dan Ventrelle and Aguero were present.

Homework assignment

Aguero said the meeting ended with a “homework assignment” that UNLV representatives review comparative costs for field surfaces while the Raiders would return with more stadium design details for UNLV to consider. A follow-up meeting date has yet to be set.

Another key agreement expected to be reviewed in July is the community benefits agreement that will assure that minority and small-business contractors be included as subcontractors.

At Thursday’s meeting, several speakers in public comments reminded the authority board of its required commitment to getting that deal signed.

Other agreements scheduled to be considered in July:

■ A personal seat license agreement between the Raiders and the authority spelling out that the revenue would go to the team to help pay for its share of construction costs.

■ The Raiders non-relocation agreement between the Raiders Events company, the Raiders and the authority to assure that the team will not leave Las Vegas for at least 30 years once the stadium is built.

■ A stadium development agreement between the Raiders Stadium Development company and the authority that authorizes the team to build. (Wes Rand/Las Vegas Review-Journal)

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

ad-high_impact_4
Business
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.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like