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Stadium Authority: Progress being made on key agreements for new Raiders stadium

In the Stadium Authority's final meeting of the year, no decisions were made, but the board did hear that significant progress has been made on a deal to share the stadium between the Raiders and UNLV. (Jeff Gillan | KSNV)

Progress is being made on some key agreements for the new Raiders stadium.

In the Stadium Authority's final meeting of the year, no decisions were made, but the board did hear that significant progress has been made on a deal to share the stadium between the Raiders and UNLV.

There's also talks about a non-relocation agreement that keeps the team here for 30 years. However, with so much invested, there's not a lot of concern about the Raiders leaving anytime soon.

"But in the event they did, they would have put all the money into the stadium that they put in and would have paid off our bonds. So we end up with the stadium and can fill it any way we see fit," said Stadium Authority Chairman Steve Hill. "That's a pretty stiff penalty for them to have to pay to leave. I don't anticipate that happening."

Clark County will start issuing bonds early next year to finance the $750 million public portion of the stadium. The Authority wants to sign off on key agreements in early 2018, with football kicking off in 2020.

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