Nevada Lawmakers To Ponder NFL Stadium PlanSpecial Legislative Session To Begin Monday |
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Nevada lawmakers will reconvene Monday for a special legislative session in order to hash out a plan for a nearly $2 billion NFL stadium in Las Vegas.
According to reports, Gov. Brian Sandoval announced the plan Wednesday. Lawmakers will be tasked with deciding whether to approve a nearly one percent hotel room tax increase that would give the stadium a $750 million public contribution.
Two-thirds of Silver State lawmakers must approve the tax hike.
The Southern Nevada Tourism Infrastructure Committee approved it last month.
Sheldon Adelson would be part of the development, and he would invest $650 million. The Oakland Raiders, who want to relocate to Sin City, and the NFL would contribute a combined $500 million. The NFL owners meet in January to decide if the Raiders can relocate.
At least 75 percent of owners must sign-off on the plan.
“Now is the time to capitalize on the opportunity before us to invest in Nevada’s most foundational industry, tourism, by providing for the infrastructure and public safety needs of the 21st century,” Sandoval said in a statement. “As I have said before, we can and must usher in a new era for tourism in the Las Vegas market, while keeping our citizens and visitors safe, and ensuring our position as the global leader in entertainment and hospitality.”
A site hasn’t been finalized yet for the 65,000-seat domed stadium.
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