Review-Journal sports reporter Ed Graney and business reporter Rick Velotta go over the recent updates on the Raiders Stadium and owner Mark Davis serving food to construction workers.
Raiders owner Mark Davis and two of his key lieutenants, team president Marc Badain and StadCo construction subsidiary chief operating officer Don Webb, threw an onsite barbecue for Las Vegas Stadium workers, thanking them for staying on time, on budget and, above all, safe.
It’s fairly easy to see the progress made by the 450 construction workers who are on the site of the $1.8 billion, 65,000-seat indoor football stadium being built in Las Vegas by a subsidiary of the Oakland Raiders.
While most of the focus on the planned $1.8 billion, 65,000-seat Las Vegas stadium is focused on the construction site at Interstate 15 and Russell Road, the Las Vegas Stadium Authority continues to monitor agreements it has reached with the stadium’s builders, the Oakland Raiders.
The stadium authority board unanimously approved a $546.3 million budget for the 2018-19 fiscal year and a collection of amended agreements designed to better account for funding of the $1.8 billion, 65,000-seat indoor stadium under construction at Interstate 15 and Russell Road.
Las Vegas is vying to land the NFL draft in 2019 or 2020.
A new NFL stadium is still a long way from completion and billboards all over town say, “The Raiders are coming.”
For much of Wednesday night, there were cheers for the Henderson Raiders. Oakland Raiders President Marc Badain said his football team couldn’t be happier with the neighborhood the team will move to in 2020, when the Raiders relocate from the Bay Area to the desert.
Study after study has concluded that stadiums aren’t effective economic development drivers. But a leading urban growth researcher says Orlando and Las Vegas are exceptions because of the strength of their regions’ tourism economies.
Construction crews working on the $1.8 billion Las Vegas stadium project have exceeded minority hiring goals since the project began in November.