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.
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The Las Vegas Stadium Authority on Thursday unanimously approved a series of documents to put the financing in place to build a $1.9 billion indoor football stadium for the Oakland Raiders.
Parking, possibly the most difficult problem the Oakland Raiders face as the team works toward receiving the funds necessary to build its planned 65,000-seat indoor football stadium, will be a key topic in Thursday’s Las Vegas Stadium Authority meeting.
The Las Vegas Stadium Authority and the Oakland Raiders hope to finalize a stadium development agreement that has been months in the making at a special meeting scheduled for Thursday.
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.
When the Raiders try to solve the parking dilemma they have with the Las Vegas stadium, they shouldn’t be asked to provide 16,250 off-site spaces as required by Clark County Title 30, Chapter 60, which includes the formula requiring one space for every four seats in the building.