Raiders put up a $5M bond in case Las Vegas stadium falls through

Updated February 21, 2018 - 10:04 pm

The Oakland Raiders have put up a $5 million bond with Clark County to decommission the 63-acre site of the Las Vegas stadium if construction plans fall through.

The Clark County Commission on Wednesday unanimously approved a decommissioning plan that includes removing combustible materials from the site and enclosing the lot with a 10-foot wooden construction fence.

Materials, equipment and construction trailers would have to be removed within 90 days of a permanent shutdown and all cranes would need to be dismantled.

The planned $1.9 billion, 65,000-seat football stadium is being built at Interstate 15 and Russell Road between Dean Martin Drive and Polaris Avenue.

Pre-construction work is underway and the Las Vegas Stadium Authority is expected to approve a final development agreement March 1. The decommissioning agreement is a requirement of that final approval.

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

ad-high_impact_4
Raiders Videos
Vegas Nation: Raiders fire GM Reggie McKenzie
Raiders beat reporter Michael Gehlken describes what changes may come to the Raiders organization following general manager Reggie McKenzie's release on Monday.
Gruden on GM Reggie McKenzie's firing
Raiders head coach Jon Gruden reacts to Raiders general manger Reggie McKenzie's dismissal on Monday.
Raiders Win Intense Game Against Steelers - Vegas Nation
The Raiders win against the Pittsburgh Steelers 24-21. Raiders beat writer Michael Gehlken and sports columnist Ed Graney go over the Raiders victory.
Vegas Nation: Raiders sign C.J. Anderson
Raiders beat reporter Michael Gehlken lists the multiple players heading to the injured reserve list, the Raiders signing three new players to the active roster, and the new drills the running backs are running in practice.
Raiders vs Steelers Preview - Vegas Nation Mailbag
The Oakland Raiders will face off against the Pittsburgh Steelers on Sunday. Vegas Nation Mailbag host Elaine Emerson and sports columnist Ed Graney answer all of Raider Nation's burning questions about the upcoming game.
Vegas Nation: Fumbles plague Raiders in loss to Chiefs
Raiders beat reporter Michael Gehlken goes over Sunday's loss to the Kansas City Chiefs, and highlights the uncertainty of many players returning from their injuries.
Vegas Nation: Raiders Fall To The Kansas City Chiefs
Raiders fall to the Kansas City Chiefs 40-33. Vegas Nation host Cassie Soto, Raiders beat writer Michael Gehlken and sports columnist Ed Graney go over the Raiders loss to the chiefs.
Raiders players reflect on their loss to the Chiefs
Oakland Raiders' players Jordy Nelson, Jared Cook and Doug Martin reflect on what went wrong and talk about their performances in the team's loss to the Kansas City Chiefs.
Gruden, Carr on turnovers that cost the Raiders
Head coach Jon Gruden and quarterback Derek Carr spoke about the team's loss to the Chiefs following the game. The Oakland Raiders fell to 2-10 on the season when they lost to the Kansas City Chiefs at home, 40-33.
Vegas Nation: Leon Hall, others could miss game vs. Chiefs
Raiders beat reporter Michael Gehlken goes over the team's final injury report before their game on Sunday against the Kansas City Chiefs.
Raiders Honor Canyon Springs’ Gus McNair as High School Coach of the Year
The Raiders honor Canyon Springs Head Coach Gus McNair as the 2018 Coach of The Year. The Raiders present a check for $1000 to the school and surprise players with the gift of new cleats. (Kenton King/Las Vegas Review-Journal)
Vegas Nation: Kareem Hunt physical altercation video surfaces
Raiders beat reporter Michael Gehlken describes the potential ramifications of the Kareem Hunt video that surfaced on Friday, as well as the Raiders' final injury report before Sunday's game against the Chiefs.
Vegas Nation: Hill poses threat to Townsend, Raiders special teams
Raiders beat reporter Michael Gehlken presents the challenges rookie punter Johnny Townsend could face this Sunday, as he hopes for a bounce back game against one of the most dangerous returners in football: Tyreek Hill.
Vegas Nation Mailbag: Raiders fall to Ravens 34-17
The Raiders fell to 2-9 on the season after losing to the Ravens in Baltimore. Ed Graney and Elaine Emerson discuss the Raiders needs going forward.
Vegas Nation: DeAndre Washington, Raiders promote causes with cleats
Raiders beat reporter Michael Gehlken goes into depth about the NFL's 'My Cause My Cleats" campaign, and the cause running back DeAndre Washington chose for the promotion.
Vegas Nation: Gruden encouraged by rookie tackles
Raiders beat reporter Michael Gehlken examines Sunday's performances of the team's rookie tackles Kolton Miller and Brandon Parker.
Vegas Nation: Raiders Fall To Baltimore Ravens
Raiders beat writer Michael Gehlken and Vegas Nation host Cassie Soto go over the Raiders 34-17 loss to the Baltimore Ravens.
Raiders Players Thanksgiving Dinner Donations
Donald Penn brought the tradition of "spreading the love" for Thanksgiving from Tampa Bay as said by Raiders offensive tackle Kolton Miller. Raiders players were donating turkey dinners to Oakland residents Tuesday night.
Vegas Nation Mailbag: How Will Raiders Perform Against Ravens
Raiders will face the Baltimore Ravens on Sunday and Review-Journal reporter Gilbert Manzano and Elaine Emerson go over what to expect from the game.
Vegas Nation: LaFell moved to IR, Hatcher returns
The Raiders move wide receiver Brandon LaFell to the injured reserve and re-sign preseason standout Keon Hatcher, as Michael Gehlken reports the corresponding moves from Alameda, Calif.
Vegas Nation: Raiders Beat Cardinals 23-21, Earn Second Win of Season
Raiders Kicker Daniel Carlson hit the game winning field goal as time expires to hand the Raiders their first road win of the Season.
Raiders players talk about the team's win over Cardinals
After the team defeated the Arizona Cardinals, 23-21, the Oakland Raiders players spoke about the victory in the locker room.
Gruden, Carr discuss the Raiders 23-21 win
Head coach Jon Gruden and quarterback Derek Carr speak to media after the Oakland Raiders defeat the Arizona Cardinals, 23-21.
Vegas Nation: Nelson, Bryant out vs. Arizona
Raiders beat reporter Michael Gehlken reports that the team will be without wide receivers Jordy Nelson and Martavis Bryant ahead of their game against the Arizona Cardinals on Sunday.
Vegas Nation: Raiders hold indoor walkthrough due to fires
Raiders beat reporter Michael Gehlken reports from smoky Alameda, Calif. as the Raiders move their practice indoors due to the California wildfires.
Las Vegas Raiders Stadium
Las Vegas Raiders Stadium (Raiders)
Vegas Nation: Ateman prepares for NFL debut vs. Cards
Oakland Raiders beat reporter Michael Gehlken explains how Jordy Nelson and Martavis Bryant's injuries could result in seventh round pick Marcell Ateman making his NFL debut this Sunday.
Vegas Nation: Nelson, Bryant injured in loss to Chargers
Raiders beat reporter Michael Gehlken examines the injuries to wide receivers Jordy Nelson and Martavis Bryant.
Raiders Adopt Student Resource Room At Robert Taylor Elementary School In Henderson
Former Raiders player Leo Gray and Robert Taylor Elementary School principal Kim Basham talk about the new resource room at the school on Sept. 25, 2018 in Henderson, Nevada. (Ron Kantowski/Las Vegas Review-Journal)
More information on design of Raiders' practice facility in Henderson
Officials plan to finish the Raiders' Henderson headquarters by spring 2020. The planned facility would be home to offices, training facilities and 4 1/2 football fields.
Business
Holiday shopping and returns make this the busiest time of year for UPS
The UPS Las Vegas South facility is the company's busiest pre-load operation in the country, and it's even busier this time of year. (K.M. Cannon/Las Vegas Review-Journal)
Primm’s outlet mall has fallen on hard times
The mall, attached to Primm Valley Resort, opened in 1998. Back then, it was a “textbook, perfect outlet-center location." But now, Primm’s outlet mall has fallen on hard times. Las Vegas Boulevard has endless shopping spots. And there are other outlet malls that don’t require a hefty drive to the state line. Its mortgage-holder foreclosed on the mall in late September.
Miltary auction at Ritchie Bros. Auctioneers
Humvees, ammo cans, construction equipment, field gear and more is on the auction block Friday and Saturday at Ritchie Bros. Auctioneers. About 10,000 items in all are for sale in what GovPlanet bills as the largest auction of its kind.
Las Vegas residents discuss avoiding holiday scams
Las Vegas residents discuss their donation habits and how they avoid giving money to scam charities during the holiday season. (Bailey Schulz/Las Vegas Review-Journal)
Tesla’s Nevada Gigafactory ahead of economic impact expectations
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
Land sales near the Las Vegas Raiders stadium
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That's roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
T-Mobile Tech Experience Truck parks in Toshiba Plaza at T-Mobile Arena
The Tech Experience Truck is a state-of-the-art showroom on wheels, with demonstrations that put connected drones, smart cities, augmented/virtual reality and smart tracking. The exhibit shows new wireless technology – including 5G and the Internet of Things (IoT). (K.M. Cannon/Las Vegas Review-Journal)
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents to keep them from teetering off into homelessness. Bizuayehu Tesfaye/Las Vrgas Review-Journal @bizutesfaye
Crowds camp out for Chick-fil-A opening
Dozens of customers camped out 24 hours ahead of the 6 a.m. Thursday opening of the new Chick-fil-A on Rainbow Blvd.
Cheapest listings for sale in Las Vegas
Listed for $39,990, 585 S. Royal Crest Circle, Unit #9 is one of the cheapest homes currently listed for sale in Las Vegas. (Caroline Brehman/Las Vegas Review-Journal)
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Terry Miller discusses Convention Center
Project Manager Terry Miller explains the phases of Convention Center construction.
Zappos treats their team members on Cyber Monday
Zappos rolls out a variety of food, drinks and special activities for all team members at their downtown Las Vegas headquarters for Cyber Monday. (K.M. Cannon/Las Vegas Review-Journal)
Team Hybrid at the 2019-Model Motor Trend International Auto Show
Among the companies showing off the 2019 model cars, Team Hybrid shows off its modified cars. Las Vegas resident David David talks about the team, which is in its ninth year exhibiting at the show, and his show car.
Black Friday Shoppers at downtown Summerlin and at the Arsenal
Black Friday shoppers at downtown Summerlin and at the Arsenal. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfYe
Black Friday shopping in Las Vegas
Black Friday sale shopers express their shopping experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Black Friday at Fry's
Shoppers line up for deals early on Black Friday at Fry's Electronics on Las Vegas Boulevard South. (Mat Luschek/Las Vegas Review-Journal)
Black Friday shoppers at Best Buy at 5 am
Black Friday shoppers at Best Buy at 5 am on Nov. 23. (Mat Luschek/Las Vegas Review-Journal
Black Friday - 1am Closing Time
Quiet night.
Black Friday - 12:30am - Best Buy Arroyo Crossing
Sam's Town Holiday Lighting Ceremony
On Wednesday, Nov. 21, 2018, Mystic Falls Park opened with its annual tree lighting ceremony, hosted by Boyd Gaming Executive Chairman Bill Boyd. The attraction features a Winter Wonderland theme and holiday-inspired laser light show, available daily Nov. 23 to Jan. 1. (Mat Luschek/Las Vegas Review-Journal)
What Is A Smart City?
George Karayannis, vice president of CityNow, Panasonic’s smart-city arm, explains. (Nicole Raz/Las Vegas Review-Journal)
Walmart uses virtual reality to train employees
Walmart Academy Facilitator demonstrates the VR training program being used by Walmart stores across the country.
With holidays around the corner, department stores hiring extra staff
J.C. Penny hired 72 seasonal workers this year at the Galleria at Sunset mall in Henderson in order to handle the heavy traffic of the holiday shopping season. (Rachel Aston/Las Vegas Review-Journal)
Startup Weekend fosters new businesses
With the help of entrepreneurial peers and an expert panel of mentors, Techstars Startup Weekend fosters the ideas of attendees into marketable business plans. (Rachel Aston/Las Vegas Review-Journal)
Mecum Car Auction in Las Vegas
The Mecum Auctions is held at the Las Vegas Convention Center. Bizuayehu Tesfaye/ Las Vegas Review-Journal @bizutesfaye
Construction underway for new Google Data Center
Henderson is slated to be home to a new Google data center in December 2020. The Governor’s Office of Economic Development approved $25.2 million in tax abatements for Design LLC, a wholly-owned subsidiary of Google. The company plans to build the data center on 64 acres of land on Warm Springs Road west of Boulder Highway.
Anthony Rufo talks about his new product, an in-home digital companion and monitor.
Anthony Rufo talks about his new product, HAPPIE Home technology, an in-home digital companion and monitor designed for unpaid family caregivers that gives personalized alerts, messages and reminders. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Holiday parades help bring shoppers to Downtown Summerlin
Sports Town USA floor manager Angela Gardonio talks about the work that goes into the Downtown Summerlin holiday parades and how they benefit her and other businesses there.
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like