Latest Raiders Stadium draft proposal discussed at Authority meeting

UNLV Economics Professor says Las Vegas Stadium is a "gamble worth taking" 4/03/17 (KSNV)

Las Vegas landed the Raiders. The hometown has the team, now the team needs a home. The negotiations on a lease for their new stadium continue in Clark County.

On Thursday, the Las Vegas Stadium Authority met for the first meeting after the NFL owners approved the move to get the Oakland Raiders to Southern Nevada. It was part celebration and part job interview as members of unions and representatives of Nevada workers had a chance to address the Authority and push them to hire locally.

It was also a chance to introduce the latest draft of a proposed lease to get the Raiders into a stadium. The first lease deal, proposed in January, was the reason Sheldon Adelson walked away from the plan to move the Raiders to Las Vegas.

Adelson at the time said the proposed agreement “sent shockwaves through our community.”

“A lot of progress has been made on this lease. We still have 5 or ten issues to work out but I think it’s in pretty good shape.” Said Steve Hill, Chairman of the Stadium Authority.

In the proposal introduced on Thursday the Raiders would get stadium naming rights, signage, trademarks, and the revenue the stadium generates. UNLV would use the stadium for games and go through the Stadium Authority, not the Raiders, to do so.

Some of the pending agreements are issues about financial contribution and renewal rights.

The goal is to get this stadium lease finished by early February to ensure construction can begin by the end of the year.


close video ad
Unmutetoggle ad audio on off