Because of a shortfall in tax revenue, Clark County had to withdraw $11.55 million from a debt reserve account to help make December’s scheduled bond payment for Allegiant Stadium.
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The twice delayed plan was due to the sign proposal being reviewed by the Federal Aviation Administration, who received the plans late last month.
The application deadline for an unpaid, four-year term on the board is Dec. 2. The Clark County Commission will choose a board member on Dec. 17.
Clark County officials on Wednesday again postponed action on the Raiders’ request for waivers to development standards for signs planned for Allegiant Stadium.
The Raiders could pay Clark County $1.1 million per year to lease two lots to enhance parking operations tied to the $2 billion 65,000 fan capacity Allegiant Stadium.
The Clark County Commission on Wednesday postponed action on a request from the Raiders for waivers to development standards on signs at Allegiant Stadium.
Clark County could pay the Raiders a rebate of almost $460,000 if elected officials approve a proposed ordinance slashing fees that developers pay for expedited building and zoning reviews.
The committee making recommendations to Gov. Brian Sandoval and the Nevada Legislature on attracting events to the new Las Vegas stadium is leaning toward expanding the role of the Las Vegas Convention and Visitors Authority and Las Vegas Events, rather than forming of a new sports commission.
The last three years have been Clark County’s best when it comes to visitation levels. The coming Las Vegas Stadium should make future numbers even better, according to a new Moody’s Investor Service report.
By all accounts, the new Raiders stadium in Las Vegas is well on its way to being completed before the 2020 NFL season.