The money has begun rolling in for the Raiders’ planned stadium in Las Vegas with room-tax revenue specifically allocated to pay off stadium construction bonds running about 25 percent ahead of projections.
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A billboard was put up Friday at the proposed site of a Las Vegas football stadium declaring “The Raiders Are Coming.”
Gov. Brian Sandoval on Wednesday said he will call a special session of the Legislature in early October to consider a package of recommendations for Clark County that include building a 65,000-seat football stadium, expanding the Las Vegas Convention Center and paying for more police officers.
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.
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.
When the 11-member Southern Nevada Tourism Infrastructure Committee begins work Thursday on how to pay for a $1.4 billion, 65,000-seat domed stadium, it will try to piece together a funding strategy that will keep everyone happy with their return on investment.
Elected state officials say it is too early to think about a special session of the Nevada Legislature to consider public funding for a proposed $1.4 billion domed football stadium in Las Vegas.