Nevada Lawmakers Approve Plan For Raiders Stadium In Las VegasBill To Be Signed By Governor On Monday |
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After a week of debate in the Nevada Legislature, the plan to build a stadium in Las Vegas for the Oakland Raiders has the green light.
On Friday afternoon, Silver State lawmakers approved a nearly one-percent tax increase on hotel rooms to fund a $750 million public contribution for the project.
The rest of the money for the $1.9 billion domed stadium would come from Sheldon Adelson, the Raiders and the NFL. Adelson said he’d be responsible for unforeseen costs.
The Senate said “yes” by a 16-5 vote, while the Assembly signed off by a 28-13 vote.
The legislation wasn’t without controversy, as opponents said the money could benefit Nevada in other ways. The casino industry labeled the NFL stadium a “game changer.”
The bill is expected to be signed by Governor Brian Sandoval on Monday.
Proud of the members of #nvleg Assembly who took the opportunity to prepare LV for the next level of entertainment & hospitality. #AllNV
— Governor Sandoval (@GovSandoval) October 14, 2016
The next step for the stadium is to have a site selected. There are two leading candidates right now: a 62-acre site west of I-15 and the Mandalay Bay casino, between Russell Rd. and Hacienda Ave.; and the Bali Hai Golf Club, south of Mandalay Bay between Las Vegas Blvd. and I-15.
The Raiders must also get final approval to relocate. NFL owners will meet sometime in January to discuss the move, but all signs point to it being a done deal.
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