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Nevada Panel Approves Raiders’ Public Stadium Funding Plan
- Updated: September 15, 2016
The Oakland Raiders’ potential move to Las Vegas cleared a major hurdle Thursday, as a Nevada panel approved $750 million in public funding for a new stadium, according to Nathan O’Neal of KSNV News 3.
The plan will now move on to the governor and state legislature, who would have to sign off on the public funding. Billionaire casino magnate Sheldon Adelson has been at the center of the push for a Las Vegas stadium, which would open the door for the Raiders to move and become the city’s first NFL team.
Raiders owner Mark Davis has been pushing for a Vegas move since losing out on a chance to relocate from Oakland to Los Angeles, per Matt Youmans of the Las Vegas Review-Journal.
“The opportunity came up in Las Vegas, and we’re giving it full bore,” Davis said in June. “This is not a pawn in a game. We are serious. Right now, I’m focused on Las Vegas. We think it could make a great marriage with Las Vegas and the Raiders.”
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