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Raiders moving to Vegas if stadium approved?
- Updated: April 26, 2016
It’s looking more and more like Las Vegas is the odds-on favorite to land the Raiders.
According to the Los Angeles Daily News, owner Mark Davis will make a commitment to move his team to Vegas if the city approves funding for a new stadium. Bleacher Report’s Jason Cole also reported that Davis would “pledge” his team to Sin City if funding for the stadium goes through.
The two main entities behind the $1.33 billion stadium proposal — The Las Vegas Sands casino group and Majestic Realty — are expected to be joined by Davis at UNLV on Thursday when the Southern Nevada Tourism Infrastructure Committee (SNTIC) meets to discuss possible state funding for several projects, including the proposed stadium.
If the funding passes, then Davis will pledge to move his team.
Funding approval is a key issue, because public funds are expected to pay for over 50 percent of the stadium. The Sands’ funding proposal in late March called for about $780 million of the $1.33 billion to be publicly funded.
A hotel room tax that would hit the pocketbooks of tourists is one of the taxes being considered, which means Nevadans wouldn’t be paying for the stadium. The Sands is expected to release a more detailed funding plan on Thursday.
As for the stadium, initial plans call for a 65,000-seat dome that could be built with a retractable roof at an extra cost of about $55 million, according to the latest cost model created by the Sands. The new stadium is tentatively planned to contain 100 luxury suites and 6,000 club seats.
If the stadium gets built, the Sands says the building could host events that Vegas doesn’t currently have the …
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