Some state lawmakers are cheering the prospect of having the NFL’s Oakland Raiders take up residence in Las Vegas, but they’re on the sidelines on how a $1.9 billion stadium should be financed.
Allegiant Stadium
The City of Oakland and an investment group tied to Hall of Fame safety Ronnie Lott engaged in negotiations geared on selling the Oakland Coliseum and keeping the Raiders from bolting for Los Angeles or Las Vegas.
Questions raised by two Clark County commissioners about aproposed NFL stadium prevented the body from taking a stance Tuesday on the $1.9 billion project.
Five seats in the Nevada Legislature — three from the north and two from the south — will be filled through appointment by county commissioners to serve in the anticipated special session to consider public financing of a proposed NFL stadium in Las Vegas and other taxes.
The Southern Nevada Tourism Infrastructure Committee unanimously agreed to recommend financing for a proposed $1.9 billion domed stadium, and perhaps the most surprising moment of the proceedings was which member motioned to approve a public investment of $750 million.
It’s just the beginning, Mark Davis cautioned, but the Oakland Raiders owner on Thursday expressed more optimism about someday seeing the finish line.
Nevada lawmakers seem to favor the first week of October, or just over two weeks from now, for a special session to approve a stadium funding plan.
The developers of a proposed $1.9 billion domed stadium on Thursday got their preferred funding option that requires a $750 million public investment.
Thursday’s call for a special session of the Nevada Legislature includes more than a $1.9 billion domed stadium and a room tax increase to help pay the bill, but also includes a sales tax increase to hire more police officers.
Clark County commissioners will receive a report on the work of the Southern Nevada Tourism Infrastructure Committee and a proposed 65,000-seat domed football stadium at their Tuesday meeting.
A point of contention between the stadium’s developers and the Southern Nevada Tourism Infrastructure Committee has been a proposed 39 percent cap on public funding of the $1.9 billion dome.
McCarran International Airport’s largest commercial carrier says a Russell Road site is acceptable for a 65,000-seat domed football stadium that could bring the NFL’s Oakland Raiders to Las Vegas.
Gov. Brian Sandoval on Monday called for clarity in determining traffic congestion and costs to build improved road infrastructure for a proposed 65,000-seat domed football stadium.
For those proposing to build a domed stadium with the aid of $750 million in public funding that could deliver Las Vegas an NFL franchise, it will be anything but an unimpeded jog home.
The committee considering a plan for a 65,000-seat, $1.9 billion domed football stadium on Thursday moved closer to developing a recommendation to deliver to Gov. Brian Sandoval.
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