Nevada taxpayers have been bamboozled yet again.
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The Oakland Raiders are close to announcing the selection of a Minneapolis firm with ties to a Henderson company as general contractor for the $1.9 billion, 65,000-seat domed football stadium it will build to begin play in Las Vegas in 2020.
State bonds will likely cover roughly $200 million in improvements meant to relieve freeway traffic near the 62-acre stadium site for the NFL’s Raiders on Russell Road, just west of Interstate 15.
The Las Vegas Stadium Authority has issued a draft of a preliminary project timeline that shows completion of the 65,000-seat domed football stadium by June 2020, giving the Raiders three months to move in before their first NFL regular-season game.
Though created by the same legislation, the Stadium Authority and the Oversight Panel have completely different roles and responsibilities.
It’s been set on fire and ripped apart by vandals. Its owners have been ordered to fix it or tear it down. There has even been a rumor of ghosts. And now, thanks to the Raiders, it’s looking like prime real estate.
Executives with Red Rock Resorts Inc., parent company of Station Casinos, on Thursday said Las Vegas’ healthy economy helped raise first-quarter revenue 16.3 percent over last year’s quarter to$417.7 million.
On May 1, 2017, it was revealed that the Oakland Raiders had secured a site for their new stadium in Las Vegas. Here’s a look at the location.