The stadium for the Raiders, which would be backed by $750 million in taxpayer funds, isn’t the first project to get pitched for the Russell Road and Dean Martin Drive site.
Allegiant Stadium
Oakland Raiders president Marc Badain had no comment on whether he has told the NFL that two major financial institutions are prepared to loan hundreds of millions of dollars so the franchise can move ahead with the building of a stadium in Las Vegas.
Gov. Brian Sandoval signed Senate Bill 1 into law Monday and officially put in motion plans for a 65,000-seat domed stadium to be built in Las Vegas as the home of the NFL’s Oakland Raiders and the UNLV football team.
Pending league approval of the Raiders’ relocation request in January, Mark Davis said the team would not play games in Las Vegas before the 2019 regular season.
Mayor Carolun Goodman and the other members of the City Council who voted in December to go forward with the $200 million private stadium are probably privately grateful the development has come to an end in February and not closer to election day.
The Las Vegas City Council voted 4-3 to approve a stadium subsidy deal with a development partner seeking to bring a Major League Soccer team to play at the $200 million stadium.
The team that has pushed so hard for a downtown soccer stadium appears to have scored enough votes from the Las Vegas City Council to declare victory.
The city of Las Vegas released a new soccer stadium feasibility study Wednesday, following a consultant’s error in sending an outdated stadium revenue and expense chart to city officials last week.