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.
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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.
A final cost figure for the Raiders stadium in Las Vegas is going to be determined over the next few days.
It seems that every corner of U.S. Bank Stadium has some meaningful function that provides an advantage to the hometown Minnesota Vikings. It should be no different at the 65,000-seat Las Vegas stadium for the Raiders and UNLV Rebels.
Thursday’s scheduled special meeting of the Las Vegas Stadium Authority has been canceled and approval of a stadium development agreement has been pushed back to March 1.
The Minnesota Sports Facilities Authority is a guidepost for what the Las Vegas Stadium Authority could look like in four years once the stadium that will house the Oakland Raiders is completed.
The Nevada Board of Regents has voted 11-1 in favor of a joint-use agreement that enables the UNLV football team to use the planned $1.9 billion football stadium being built by the Oakland Raiders.
When the Oakland Raiders selected a general contractor to build the planned 65,000-seat Las Vegas stadium, team executives said they wanted the best. And when Minneapolis-based M.A. Mortenson Construction began building sports facilities, company executives said they, too, wanted to be the best.
Board members cruised through a lengthy agenda, but had little to show for it in the end, except that everything still appears to be on track for completion of a final stadium development agreement in February.
No deal-killing issues emerged Thursday when the Nevada Board of Regents picked through UNLV’s Joint-Use Agreement with the Oakland Raiders for use of the planned 65,000-seat domed Las Vegas football stadium.