Adelson family withdraws support for Las Vegas stadium to lure NFL's Raiders
Adelson out (6P) 01302017
LAS VEGAS (KSNV) - Citing a report last week about the demands from the Oakland Raiders on a proposed $1.9 billion stadium in Las Vegas, the Adelson family has withdrawn its support.
Adelson had pledged $650 million toward the project, with the state of Nevada contributing $750 million and the Raiders $500 million.
Statement from Sheldon G. Adelson on the Las Vegas stadium:
"The Oakland Raiders came before the Las Vegas Stadium Authority last week with a proposed lease agreement that has sent shockwaves through our community.
"It was certainly shocking to the Adelson family. We were not only excluded from the proposed agreement; we weren’t even aware of its existence.
"In addition to being discouraged by the surprise submission, I was deeply disappointed for the disregard the Raiders showed our community partners, particularly UNLV, through the proposed agreement.
"It’s clear the Raiders have decided their path for moving to Las Vegas does not include the Adelson family. So, regrettably, we will no longer be involved in any facet of the stadium discussion.
"While this is not the result my family was hoping for, I am very appreciative of the countless people who have given considerable time and energy to this process, especially so many of our elected officials who have made this a top priority for Southern Nevada."
Raiders owner Mark Davis filed to relocate the Raiders earlier this month. NFL owners will meet in March to decide on the request. Twenty-four of 32 owners need to approved the measure.
Nevada Gov. Brian Sandoval released this statement:
“I would like to thank the Adelson family for their role in bringing a publicly-owned stadium to Las Vegas. It is unfortunate that they were unable to come to terms with the Raiders. The terms of the legislation do not change and the state’s contribution will not increase as a result of this announcement. I am hopeful that the Raiders are working to secure the additional funds that would have been provided by the Adelson family.
"At a minimum, we have set up a framework and funding source for building a stadium for UNLV. The process in place outlines that the Stadium Authority Board will continue to evaluate stadium site locations, development plans, and vet all operating agreements.”
Clark County Commissioner Steve Sisolak released this statement:
“I am sorry to hear about this development. We would not be as close as we are to having an NFL franchise in Las Vegas without the initiative and leadership of Dr. Miriam and Sheldon Adelson and their team. I sincerely appreciate the time and effort they all have contributed to this project, and I remain hopeful that we will see our NFL dream come true.”