A detailed look at the construction process for the Las Vegas stadium is expected to be presented Monday to the committee appointed to oversee the Oakland Raiders’ community benefits plan.
After six weeks of high-intensity meetings with generous high-fiving for the delivery of a comprehensive stadium development deal for the Oakland Raiders and UNLV football, the Las Vegas Stadium Authority got down to more mundane work Thursday.
It only took an hour and a half Wednesday for Clark County to sell the bonds necessary to help finance the planned $1.8 billion Las Vegas stadium to 43 institutional investors.
Clark County Commissioner Chris Giunchigliani has consistently opposed the public’s $750 million subsidy for the 65,000-seat indoor football stadium being built by the Oakland Raiders. Commission Chairman Steve Sisolak and other commissioners have consistently supported it. Nothing was different Tuesday as commissioners neared the financial finish line for funding the project.
Las Vegas Stadium Authority Chairman Steve Hill and Oakland Raiders President Marc Badain on Wednesday signed all the documents needed to fund a $1.8 billion indoor football stadium that will house the NFL team and the UNLV Rebel football team beginning in 2020.
If Wednesday’s Las Vegas Stadium Authority agenda brings about a sense of deja vu, you’re not imagining things.
When the Las Vegas Raiders take the field once they begin playing at their new 65,000-seat indoor stadium, they’ll pass through a field-level club where they’ll be cheered by the team’s fans before going into battle.
The Las Vegas Stadium Authority late Wednesday posted three documents on its website outlining the guaranteed maximum price negotiated by the Oakland Raiders with general contractor Mortenson Construction Co.
When the Las Vegas Stadium Authority considers a lease agreement with the Oakland Raiders Thursday, it could vote on a newly introduced section of the document that spells out authority access to a stadium luxury box suite.
A guaranteed maximum price, the all-important final estimated cost of the Las Vegas stadium the Raiders are building, is expected to be discussed Thursday by the Las Vegas Stadium Authority.