Hotel room tax income for stadium falls below projections for fourth month
LAS VEGAS (AP) —
The Las Vegas Stadium Authority says tax revenue to fund the construction of the Oakland Raiders' future home has fallen short of projections.
The Clark County hotel room tax generated $3.3 million in February, nearly 14 percent less than the income expected for the month.
The February shortfall marked the fourth month out of the last five that tax revenue for the stadium has been below projections.
Guests of hotels and other lodging in the Las Vegas area are paying a room tax that's expected to contribute $750 million for the NFL team's stadium. UNLV also will play its home football games there.
The Raiders want to start the 2020 season at the $1.8 billion stadium being built across the freeway from the Las Vegas Strip.
Meanwhile, a candidate for governor says that if he is elected, he'll try to eliminate the $750 million hotel-room tax in Clark County that's earmarked to help pay for the stadium.
Schwartz is running against Attorney General Adam Laxalt for the Republican gubernatorial nomination.
He said Thursday on Nevada Newsmakers that he'd rather direct the room-tax money toward the state's public education system.
He says if the tax money is not cut from the $1.8 billion stadium project, he'd do what he could to hold up state funding for roads and highway ramps that the stadium needs.