Las Vegas stadium project continues to be on schedule and budget

A year down. Twenty months left. On time. On budget. On track.

That’s how the Raiders assessed progress on the $1.8 billion Las Vegas stadium project in a video presented to the Las Vegas Stadium Authority Wednesday.

Don Webb, the chief operating officer of StadCo, the Raiders’ construction subsidiary, told board members that as of the end of September, $450 million — 27 percent of which was provided by public funding through room-tax revenue — has been spent on construction.

LIVECAM: Monitor the progress of Las Vegas Stadium in this view looking south toward the construction site.

Hampered by laryngitis, Webb presented a video progress report and issued a written report stating that more than 75 percent of the $763 million in subcontracts awarded to date have gone to Nevada-based firms.

The approval of $750 million in public funding was partially based on providing jobs and contract work for local companies.

Gov.-elect Steve Sisolak, who made an appearance after the meeting had ended, said it’s a great time to be a sports fan in Southern Nevada when people can see the progress of the stadium project.

“It seems more real when you see the steel coming out of the ground,” Sisolak said. “We saw a lot of horizontal construction and underground stuff and the blowing up of the caliche, but now with the steel moving in and going vertical, it’s just more exciting.”

Earlier this week, Webb said about 900 construction workers routinely work on the stadium site every day with 100 administrators based at temporary offices in trailers just south of the site.

The authority board also received a report showing that room-tax revenue, while not as robust as in comparative months in 2017, was still tracking slightly ahead of expectations and well ahead of the amount needed to pay off bonds and interest charges.

For the first quarter of the 2018-19 fiscal year, room-tax revenue is down 6.4 percent to $11.6 million. But since Clark County began collecting an additional 0.88 percent for room tax in March 2017, revenue is up 0.6 percent from budgeted projections to $77.3 million.

Stadium Authority Chairman Steve Hill, who also is president and CEO of the Las Vegas Convention and Visitors Authority, said after Wednesday’s meeting that financial experts will continue to monitor collections, but that he is not worried about the third-quarter swoon in revenue that affected most resort companies with a presence in Southern Nevada.

Analyst Jeremy Aguero, whose Applied Analysis firm serves as the authority staff, explained that convention and trade show rotations out of the market and one fewer weekend day in September 2018 compared to last year contributed to the dip in Las Vegas visitation and, as a result, the lower room-tax collection.

Sisolak also said he’s not concerned about room-tax collections, noting that reserve funds are in place and that collections are cyclical and that revenue will pick up when more hotel rooms go on line in the next couple of years.

Independent monitors hired to oversee stadium progress concurred that expenditures and construction comply with submitted plans and budgets.

The authority postponed discussion Wednesday of safety and procedural plans for the two big stadium openings — the lanai doors on the northeast end of the building and the field tray for the grass stadium surface that would be rolled in and out of the stadium on the southwest end of the building.

The delay was requested by county safety inspectors who had a scheduling conflict and will be brought to the authority’s January meeting.

The authority has yet to schedule dates for the board’s six meetings in 2019.

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

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.
News Headlines
Home Front Page Footer Listing