Las Vegas investors: $750 million in public money for Raiders, or else

Getty Images

Las Vegas is fairly new to the business of being a potential host for professional football, but the group that’s trying to bring the Raiders there is already employing a good old-fashioned NFL shakedown.

According to the Associated Press, the group headed by Sheldon Adelson told a local oversight committee last night that they needed no less than $750 million of public money for the project, and would walk away from their project if they don’t get it.

“Not to be difficult, but we’re not negotiable,” said Sands president Rob Goldstein, who spoke on behalf of billionaire casino mogul Sheldon Adelson and his family. “If we can’t get 750, we respectfully thank you but we’re going to move on.”

Of course, there are critics of the plan, as there are every place when NFL business is built on the back of public money.

“There’s been a lot of conversation on why are we giving money to billionaires,” said Steve Hill, chairman of the oversight committee and head of the Nevada Governor’s Office of Economic Development. “The public is not making a contribution to a privately owned stadium.”

Goldstein said the total cost of the project was going to be $1.9 billion, and he said the list of proposed sites was down to two. They also showed off renderings of a proposed 65,000-seat domed stadium.

The Raiders haven’t been able to get their current hometown to come up with $500 million toward keeping them in Oakland, and have been working on Las Vegas in earnest, even applying to trademark “Las Vegas Raiders.”

Adelson and his company are also trying to rush the project through a September special legislative session, so they can secure the funding before the next NFL owners meeting in January.

111 responses to “Las Vegas investors: $750 million in public money for Raiders, or else

  1. Equivalent of an extra $10 chip for ever Las Vegas visitor on each stay. Shift the tax to Sin City visitors: if conscious at all, most will be oblivious to the charge.

  2. So it looks like Son-of-Al needs a public handout from another city to get a new stadium. And I doubt Vegas will do it any more than Oakland would. And of course he’ll go crying to those gullible elements of the fanbase who buy into his ‘victim’ act.

    If he had any business sense at all then he’d sell at least a part of the Raiders to an investor who can finance a new stadium. But Son-of-Al (who has never worked a day in his life) won’t go for that because he’s afraid of losing control of the toy that he inherited.

  3. Sheldon should have that kind of money available after he decided to not fund the gop presidential nominee this year so why is he asking for a government handout?

  4. St. Louis has a stadium they could use but really ya gotta keep the Raiders in Oakland. These rich folk sure don’t mind gouging taxpayers and the future of the community for their high priced toys. When will it ever end? My local college team has been playing in the same stadium for a hundred years and these chumps need a new stadium every thirty years?

  5. This is exactly what the NFL is turning into and the greed merchants are ruining the game. For those that may not know, Adelson (huge GOP donor) is worth almost $30B. Makes sense that his group needs pocket money from the public, eh? It’s the same thing the Irsay’s have been doing to Indy, but on a smaller scale. Every year the drug addled owner demands and gets millions in tax payer funds for “improvements” to the horse barn downtown, yet spends millions on guitars, drum sets, books, transcripts, hookers and blow. Meanwhile, the tax payers are still on the hook paying off the RCA Dome, which was torn down years ago. Our inner city schools are a falling apart and our food banks are running on empty. Pathetic and sickening at the same.

  6. Am I missing something here with the Raiders’ interest in Vegas? The city has a population of 600,000. The only other NFL market with less than a million people is Green Bay, but the Packers have been an institution there for decades. In Vegas, the Raiders would be competing with a zillion other attractions.

    Who the hell do they expect to go and watch them every week? College kids and bachelor partiers in town for the weekend? Is that supposed to be a stable fan-base???

  7. Welfare for billionaires is ridiculous. Get a job billionaires and quit living off my paycheck!!!

  8. Sheldon Adelson, the guy who doesn’t want any tax dollars going to social services for the poor and needy, wants a handout for stadium. I think he should stand out on the Vegas strip and panhandle for the 750 mil.

  9. What happened to Adelson saying he would build the stadium himself if the NFL came to Vegas?

    Too many other entertainment options, Vegas has survived with an NFL team and they will continue to without one. No need to steal money from the citizens.

  10. Why should they get free public millions of dollars from Las Vegas to build a stadium.LV has been without an NFL team forever and they will survive nicely without one in the future.if the Billionairs group wants 750 million dollars from the public then make it a loan with interest or let them move to LA or stay in San Diego and show them the people of LV wont be shaken down.

  11. The NFL and the pharmaceutical industry have something in common. They both take Millions from the public to generate billions in profits and price their products outside the realm of the average working family.

  12. If Vegas doesn’t do this, they’re crazy. The Raiders will bring in billions in tourist money, so $750 million is chump change when you take the long view.

  13. If the public pays for the stadium, then the tickets should be free. I can’t stand this current system. Billionaire owners don’t put money into the stadium but reap ALL the rewards from it. That sounds like flat out theft to me.

  14. As long as cities continue to cave, this will continue to happen. This stops when: 1. A team’s home city says “no way” , 2. The voters in the city being used as leverage say “no way”, and 3. The team has to come crawling back to their original home city.

  15. Rich people are rich, often because they’re good at convincing people to give them free money and then convincing politicians to give them tax breaks. Must be nice.

    If I’m Vegas, sure, I’d like a team but as for money: You. Get. Nothing!

  16. Billionaire hotelier Sheldon Adelson holding the city of Las Vegas hostage on the behalf of the Billionaire Boys Club otherwise known as the NFL. Surprise surprise. So when Teachers, Firefighters, Hospital workers, and oh yeah Cops need a raise we can send them around to Shelly’s house with tin cups and Kick Me signs. Enough Corporate Welfare already. The NFL can pay for it’s on profit centers, keep your hands out of the people’s pockets ya lousy grifters.

  17. Adelson gives that much every election cycle trying to defeat Democrats, or anyone who isn’t sufficiently pro-Israel, to his way of thinking.

    Funny that now he can’t come up with the money needed without a public subsidy. Yeah, right. Here we go again.

  18. There’s no welfare like 1% welfare. You hear them screaming bloody murder when they have to pay their fair share but they pony up to the public trough every chance they get.

  19. If there is ever an easier place to get that much public money its Vegas. Just raise those stupid resort fees no one uses but pays for daily and make the margarita at margaritaville 10 cents more. I doubt the actually citizens of Nevada will pay for anything. Unless of course they are on the strip.

  20. Adelson has more money than GOD. Let him pay for his own stadium. Maybe he is short on cash due to his meddling in political elections and trying to buy influence.

  21. If Adelson’s mouthpiece Goldstein says the total cost is $1.9Bn & the Raiders’ contribution is $500M, Adelson’s is $150M & they want $750M from hotel taxes, where’s the other $500M? If as stated previously, the developer is responsible for cost overruns, why don’t Adelson & Sands Corp just state they’re in for $650M? They would be a lot more likely to get serious consideration from State of Nevada w/ $1.15Bn on the table than $650M.

  22. Minnesota coughed up $500 million in public money for their new stadium.
    Atlanta $200 million.
    The Chargers are asking for $350 million.

    So they want Las Vegas to come up with $750 million??? Are they crazy? They better design a cheaper stadium or dig into more of their own coffers. Adelson, Davis, and the NFL certainly can afford to put forth more than they are already proposing to do so.

  23. The league generates billions in normal revenue.

    Now they generate billions more through their shadow ownership of the daily fantasy gambling sites.

    Yet still they are trying to extort the taxpayers to pay for their buildings.

    Not one penny Las Vegas, don’t give these greedy scumbags one penny!

  24. If your taxes pay for a stadium, then you should have a level of exclusive access to it because YOU’RE AN OWNER. Getting gouged in taxes and then paying astronomical prices at the stadium is criminal.

  25. ldloudin says:
    Aug 26, 2016 8:51 AM
    If Adelson’s mouthpiece Goldstein says the total cost is $1.9Bn & the Raiders’ contribution is $500M, Adelson’s is $150M & they want $750M from hotel taxes, where’s the other $500M?

    —————————–

    The NFL is putting in $200 million but I don’t know where the other $300 million will come from.

  26. Don’t complain about the thief’s we elect to Congress every year knowing they are doing the bidding of the mega rich and mega corporations and then get suckered in to fork over 3/4 of a billion dollars to help one of the most successful private sport league’s in the world. Never accept using tax payer funds to help built a football stadium which make billions of dollars for their owners. Big business should take care of their own financial costs or go screw themselves. If they want this money do they ever pay it back. NO! Tell them to stick it. It’s has got to the point now that our representatives in Washington, plus big business, mega corporations, have no respect for the American people and if we let them get away with this, we deserve what we get. Do it only, if they agree to pay back every penny with a large interest percent added in and see then what they say. Some taxpayers could care less about football, why should they spend their tax dollars on this sham of a league? I love this game I wouldn’t give those thief’s a penny. Don’t do it!!!

  27. Hill makes a great point. Nevada isn’t being asked to give $750m to a Billionaire, They are being asked to pay for 39% of a stadium that they will own and UNLV will have joint use of. So it’s either pay 100% for a new stadium for UNLV or pay 39% of a stadium and get an NFL team and host a Super Bowl or 2.

  28. gmen6820 says “If your tax money pay for the stadium, then you should have a level of exclusive access to it because YOUR AN OWNER. Getting gouged in taxes and then paying astronomical prices at the stadium is criminal.”

    Nothing much more has to be said because gmen6820 has nailed it, as well as it can be nailed. Well done!

  29. Whatever happened to the investors that were 100% confident in the Raiders relocation to Vegas??? They sure did know their odds. Makes you questioned how promising the investors in Vegas are. Besides, Vegas is all hype. The living in Vegas sucks. It’s hot, dry, no museums, no farmers market, and no cultures. You have to park with the tourists, as a resident there.

  30. I want to hear from all the Einstein’s about how this is a done deal

    This is a pretty transparent leverage play

  31. Yeah the money is not coming from residents, it’s coming from tourist. Not to mention only people who complain about this are people that already have a local team that stadium was built years ago.. Wait till your local team needs a new stadium!
    NFL being in your city is good for local economy. It’s a proven fact. Most cities that don’t have an NFL team would be more than happy to pay an extra 50 cents on taxes to have an NFL TEAM! Atlanta is doing it and they don’t even know they are doing it. Cowboys Jerry Jones did it!
    We here in Nevada don’t have 2 NFL teams like you do “G Men” guy and guess what if Giants were about to leave or you pay 50 cents I will bet you would pony up that 50 cents so fast

  32. The proposal is to up tax on room shares from TOURISTS. So no, locals WON’T be getting “taxed” for the stadium. But you guys go ahead and keep talking……

    Get it done Mark.

  33. elmogotagun

    You obviously don’t live here. Because everything you said was incorrect. Is the weather “hot” sometimes? Of course but everything else you said is just plain stupid. Not to mention….
    Should I even go on?
    Nobody lives on Vegas Strip which you are referring but you are just so dumb and such a liar pretending to live here it’s not even worth it..

    RAIDERS ARE COMING!

  34. As he said this isn’t a private stadium, this will also be used by UNLV which will be a down payment to joining the PAC 12 later, as well as public events. This is not exclusively a Raiders stadium. Also, as a Nevada resident I’m not making a huge deal of this because it’s hotel taxes that go to this, not mine.

  35. twtom11 says:
    Aug 26, 2016 7:11 AM
    Am I missing something here with the Raiders’ interest in Vegas? The city has a population of 600,000. ……

    Who the hell do they expect to go and watch them every week? College kids and bachelor partiers in town for the weekend? Is that supposed to be a stable fan-
    ———
    City and county in vegas are intertwined.
    combined for over 2M ppl.

    That said, this stadium will not happen

  36. They can play in Lake Mead when it dries up. If Vegas wants to tax the tourist for this deal I’m alright with it. No local tax. Do other countries do this to their citizenry? Who pays for the new soccer stadiums?

  37. If Las Vegas puts up 750 mil, then they should get 750/1900 ownership of the stadium and 750/1900 rent from raiders ticket/seat sales and 750/1900 from concession sales, etc. otherwise, tell Sheldon to stick it.

  38. sgordon909usdm419 says:
    Aug 26, 2016 9:33 AM

    The proposal is to up tax on room shares from TOURISTS. So no, locals WON’T be getting “taxed” for the stadium. But you guys go ahead and keep talking……

    Get it done Mark.
    …………………………………………….

    The tourists though could then spend a little less per visit at other businesses because of the tax and that does effect the local economy. The “public” money has to come from somewhere no matter how its sources are spread around.

  39. If the move happens, the Raiders will have a miniscule home fan base. It’ll be mostly tourists buying after-market tickers at super inflated prices attending the games.

    And you know that all the connected lowlife criminal types in Vegas will get first crack at buying up blocks of premium seats just to resell them at 5 times face value.

  40. This is a public negotiation….on purpose. This thing is going to go, one way or another….and just like Seattle, Atl, MN, etc costs will be born by out-of-towners… It may ‘seem’ to the ignorant that it is ‘tax payer’ money, but it is not.

    It will be companies collecting a tax for the city et al, to pay back the underlying bond. It is how it works…… but then again, the same people who are ‘aghast’ that billionaire owners are getting something for free need to keep up.

    You are probably the same people that complain on a new school levy, even though you don’t have kids or a gas tax because you don’t have a car…..smh.

  41. Why don’t cities negotiate for shares of profits? If they invest in the stadium, they should be getting a cut of what is going on to make them better than whole after 10 years or so. Then it makes more sense to give public money, because it really is an investment then.

  42. “The proposal is to up tax on room shares from TOURISTS. So no, locals WON’T be getting “taxed” for the stadium. But you guys go ahead and keep talking……”

    Almost every city in the country is cutting teachers, EMTs, police, firemen and many other vital personnel.

    If there is money to be gained from an additional tax it should go to maintaining those vital services, not as welfare for billionaires.

    Period.

  43. This may not be a popular point of view, but on these stadium deals, I think it is wise to take a pragmatic approach and decide if an investment by the public has a chance of at least in theory being paid back. In Green Bay, the benefits have clearly outweighed the public investment, especially given the fact that the Packers have gone well beyond the initial expansion and done so without going back to the public. In the case of Vegas, I think it’s real hard to justify nearly a billion dollars. With no corporate or individual income tax to offset the investment, it seems unlikely that there would be a payback.

  44. The tourists though could then spend a little less per visit at other businesses because of the tax and that does effect the local economy. The “public” money has to come from somewhere no matter how its sources are spread around.

    —————————–

    We’re talking .88%
    Yeah, I hardly doubt that $2 room increase is going to alter a tourist’s spending patterns lol

  45. Hill makes a great point. Nevada isn’t being asked to give $750m to a Billionaire, They are being asked to pay for 39% of a stadium that they will own and UNLV will have joint use of. So it’s either pay 100% for a new stadium for UNLV or pay 39% of a stadium and get an NFL team and host a Super Bowl or 2.

    —–

    Yeah, Nevada or Las Vegas or whoever would “own” the stadium, but not get any of the benefits of “owning” the stadium. Erie County owns the Bills stadium, but who do you think gets the concession profits? The Bills. Who gets the naming rights profits? The Bills. Who gets the parking profits? The Bills.

  46. NFL being in your city is good for local economy. It’s a proven fact.

    —-

    Can you offer any proof? Make sure to include public subsidies for stadiums and stadium improvements when considering the “boost” to the local economy.

  47. The greater Las Vegas area has 2 million people. It gets 42 million visitors a year but not everybody stays in a hotel. It has about 149,000 hotel rooms with about 90% occupancy at an average price of $120 a night per room. A $1 room tax would generate about $50 million a year. Las Vegas is one of the few cities in the country that could easily fund a stadium with a small hotel room tax.

  48. his is exactly what the NFL is turning into and the greed merchants are ruining the game. For those that may not know, Adelson (huge GOP donor) is worth almost $30B. Makes sense that his group needs pocket money from the public, eh? It’s the same thing the Irsay’s have been doing to Indy, but on a smaller scale. Every year the drug addled owner demands and gets millions in tax payer funds for “improvements” to the horse barn downtown, yet spends millions on guitars, drum sets, books, transcripts, hookers and blow. Meanwhile, the tax payers are still on the hook paying off the RCA Dome, which was torn down years ago. Our inner city schools are a falling apart and our food banks are running on empty. Pathetic and sickening at the same.
    ________________________________________
    This is why the good people of st. Louis told StanK and the Rams, don’t let the door hit ya where the good lord split ya! LA will see the sticker shock in about 5 years. Privately owned my rear end! At some point US cities will stop being held hostage by the NFL. They want 750 mil of public funds?! holy crap!

  49. Nevada is ranked near dead last in the country in healthcare, schools and has the second highest unemployment in the country. If its so easy for the state to come up with $750 million maybe they should consider upgrading the states wretched healthcare and education systems. What a scam

  50. Easy for fans with teams in their city to say Vegas should decline. But I am sure there are lots of people there who would love having their own team just as you do, and your team (most of them anyway) bilked your city at some point so it isn’t really fair to those Vegas fans to draw the line now.

    Anyway it isn’t a simple issue but in this particular case I really hope the Raiders stay in Oakland. Let the Panthers or Cardinals move to Vegas, after they return to being cellar dwellers and their small markets don’t bother to support them any more.

  51. If I were the city of Las VEgas, I’d tell this billonaires: you want 1/3 rd. of the cost footed by us..?? Fine…but we want 1/3rd. of all revenues: parking, concession stands and all concerts and other events taking place in the stadium…And if you have a problem with this, build it with your own money in the middle of the Mojave Desert….it will be cheaper for you…

  52. This is why Adelson bought the local paper–so locals wouldn’t find out about these insane shenanigans after he prohibits the reporters from truly covering the story.

    Vegas/Nevada should make a very public list of requirements for that $750M, something like share of parking and concession profits, a certain number (in the thousands) of free tickets each week to be distributed to low-income kids and families. Otherwise, yeah, tell the Raiders good luck in Oakland.

  53. The public needs to start saying no to any of these professional sports stadium funding bills. If a guy has 30 billion he doesn’t need a cent from the public. It’s sickening they even ask. These stadiums last 20-30 years and break down or they need a new one. Put that money into something useful like schools and infrastructure.

  54. Isn’t it funny when rich people try to play hardball, like they have the leverage. No, if you don’t get 750 million, you’ll cry and throw a hissy fit, and then you’ll just have to continue to collect hundreds of millions of dollars in profit every year somewhere else.

    Sheldon Adelson, the guy backing Hillary the Neo-Con?

    Yeah, that’s all you really need to know. Bush, Obama, and Hillary… all Neo-Cons. (and if you don’t know that, you’re a moron)

    So if you want a new stadium, in a new place, where you’ll get those hundreds of millions of dollars in profit every year, plus then a little more, then take a little less.

    Otherwise enjoy being in Oakland, playing 2nd fiddle to the Rams in L.A. if the Chargers don’t go, or try your luck with San Antonio (and we all know how much Texans like low taxes so good luck getting something passed there).

  55. sgordon909usdm419 says:
    Aug 26, 2016 10:51 AM

    The tourists though could then spend a little less per visit at other businesses because of the tax and that does effect the local economy. The “public” money has to come from somewhere no matter how its sources are spread around.

    —————————–

    We’re talking .88%
    Yeah, I hardly doubt that $2 room increase is going to alter a tourist’s spending patterns lol
    ……

    Of course it will, once that $2 goes to the hotel tax, that’s $2 less in the local economy, times the population of the tourists. Money isn’t as infinite as you suggest. If the tax wasn’t significant, then how is it possibly helping to pay for a state of the art NFL stadium? LOL.

  56. aj66shanghai says:
    Aug 26, 2016 11:40 AM

    Easy for fans with teams in their city to say Vegas should decline. But I am sure there are lots of people there who would love having their own team just as you do, and your team (most of them anyway) bilked your city at some point so it isn’t really fair to those Vegas fans to draw the line now.

    Anyway it isn’t a simple issue but in this particular case I really hope the Raiders stay in Oakland. Let the Panthers or Cardinals move to Vegas, after they return to being cellar dwellers and their small markets don’t bother to support them any more.

    ———————-

    You are clueless. The Cardinals aren’t moving anywhere. They have a good stadium, are well supported (10+ years of sellouts in a row including pre-season), and the Phoenix area is not a small market.

    Who is a moron who thinks the Phoenix Metro area is a small market?

    Why don’t you even look at Las Vegas and realize Phoenix dwarfs it.

    Not to mention Phoenix has the water to keep growing.

    Do you even know what the biggest cities in America are? You might want to look where Phoenix is.

    Oh and they aren’t going to suck any tim

  57. According to Forbes magazine, Mark Davis’ net worth is $500M (less than half of Alex Spanos). Most of that I assume is tied up in his partial ownership of the Raiders, that are valued at $785M. To suggest that Davis could/should write a check for a $1.9B stadium is just stupid. The dude drives a minivan, uses a 2003 Nokia phone, dresses off the rack and hasn’t paid for a decent haircut in his life.

    The Raiders have offered to pay $500M of new stadium costs. That payment would surely be financed by a loan backed by Davis’ stake in the franchise.

    So this moralistic condemnation of greedy NFL owners who want the taxpayers to foot the bill so they don’t have to spend their own cash just doesn’t apply. The stadium revenue generated by the Raiders is the lowest in the league by far, and what NFL free agent would count playing in the coliseum as a positive in coming to Oakland? It is obvious to any fair-minded observer that this has to change if the Raiders are to remain competitive and financially viable in the long term.

    As to whether $750M in public funds financed by hotel taxes is a reasonable price to pay for a PUBLICALLY OWNED MULTI-PURPOSE stadium, which would bring an NFL franchise to town, that is really not a judgment call. Using best estimates on tourism impact, consequent revenue impacts and other costs, it is not difficult to determine whether this will economically be a good deal for Las Vegas or not. No one on this message board has the information needed to make that determination, so all your violent protestations are really just hot air.

    And as for those of you who are offended by the notion of your tax dollars being invested in a stadium (regardless of whether it is expected to be a net positive revenue generator for your community), I would point out that in 2015, our bloated federal bureaucracy took in $3.25 TRILLION in taxes (of which, I paid WAY more than my fair share) and spent $3.7 TRILLION – including $2.29 Trillion on mandatory spending / wealth redistribution programs and $220M in interest on the federal debt (more than half of which has been accumulated since our current idiot president took office). So frankly, I don’t give a rats behind what you want your tax money spent for.

  58. Wow, what a cool power play by the Mighty Raiders. If Vegas doesn’t play ball, Raiders will go to San Antonio, oh wait, J. Jones will block them. Ok, they will go to LA? Oh wait, they have already been turned down. They will go to Mexico City? Yes, and they will be paid in burritos and like it! Gooooo Raiders!!!!!!

  59. Those grand casinos on the strip cost around $2 billion to build. None of them were built with public money. The amount of revenue just one brings in vastly dwarfs any revenue a stadium brings in, especially if locals are mostly going to games and just driving from home. Casinos are open 24/7 and bring in revenue daily whereas a stadium will be sitting empty the vast majority of the year.

    Why should a big stadium get ANY public money (visitor shakedown or local tax shakedown) when casinos and skyscrapers are built with private money? Screw the NFL.

  60. It’s time for Sin City to grow a pair and tell those greedy bastardos worth 30B to stick it where the sun don’t shine. The net population of LV is incredibly small by NFL standards. I guess they’re depending on those Raider fans commuting from Ca. to watch their favorite teams and lose their shirts in the casinos and slot machines.

  61. And will the new stadium in Las Vegas be the only one in the NFL with slot machines all over the place (including restrooms). The NFL line with its former stance on gambling is becoming extremely blurred.

  62. Here’s the thing about the NFL that’s going to catch up to it someday.

    If all of the stadiums disappeared and the production quality of the televised games remained the same… there’d be about 1% of the audience that gave a rip.

    Football’s better on TV and the stadiums have nothing to do with it. NFL in person isn’t all that great from a game standpoint.

    If this were a power company asking to raise rates in order to build a new generating facility the government would shoot it down in a minute. But a billionaire asking for what amounts to a grant from the taxpayers… hell yeah, let’s do it. Gotta have muh footbawl.

  63. ebdug says:
    Aug 26, 2016 12:54 PM

    Vegas should tell them, “We’ll build our own stadium, you guys are welcome to invest in it.”
    _________________
    Yeah, you know – that is kind of what is being proposed here. Las Vegas pays $750M, the Raiders pay $500M, and the investors pay the remaining $650M (if my math is right). The Raiders get someplace to play and a cut of the revenue from their games. Las Vegas gets the additional revenue from the tourists coming to see the Raiders play plus they split the proceeds from the Raiders games and the other events at the stadium including UNLV games, concerts, games of sports teams (e.g. soccer) which relocate there in the future, etc.

  64. I question the return on a $2 billion stadium, especially in a town already flush with convention space and concert/ arena venues. Given the whims of NFL owners who want the latest and greatest, they’ll demand renovations to the stadium before its even paid off.

    The stadium in Oakland was renovated in the mid 90s and Alameda County residents are STILL paying off the renovations. One major reason why St Louis objected to Kroenke was because they had an irrational clause that the stadium had to be within the top percentage of all other stadiums. That meant renovating the stadium at the taxpayer’s expense every few years.

    Stadiums sit empty the large part of the year.

  65. There are a lot of lousy attitudes in regard to the stadium news. The people in southern Nevada should be excited about the prospect of getting an NFL team. The NHL is coming to Las Vegas, which shows that the region is experiencing growth.

    I am excited about the progress on the Las Vegas stadium project. The entertainment capital of the world should have a modernized football stadium. AFC Championship games, Super Bowls, concerts, and Final Fours in Las Vegas will bring in mega revenue. It is called an investment. the $750 million from the increased hotel tax will be surpassed in a few short years. Mark Davis has committed $500 million to the new stadium. Steve Wynn and Sheldon Adelson are both on board. There is plenty of $$$ to get this done. hopefully 2016 in the Raiders last season in Oakland.

  66. BTW, mayor Carolyn Goodman stated that she is VERY confident about Las Vegas getting the Raiders. Selling the naming rights to a corporation and PSL sales are two additional sources of financing for the stadium.

    Don’t forget about UNLV and David Bechham’s scoccer team. The stadium would be used for plenty more than just NFL football. But people on this message board just don’t seem to grasp this.

  67. Mr. Adelson, some of us live check by check (Including myself). I look at my wallet everyday. Sometimes it’s full and sometimes it’s empty. I ask you Mr. Adelson, take a look at your wallet.

  68. Everybody needs to relax. The $750 million will be made back times 1000000. So many events will takes place at the new stadium. Raiders football, UNLV football, Super Bowls, Final Fours, MLS soccer, World Cup Soccer, concerts, political conventions, UFC fights, WWE wrestling cards, and more. It will be well worth the investment.

    A modernized football stadium is exactly what Las Vegas needs. Foley’s new arena added so much to the city, The football stadium will be even greater.

  69. joetoronto says:
    Aug 26, 2016 8:30 AM
    I saw the renderings of the stadium on the news this morning, it’s truly amazing.

    ———————————————————
    No you didn’t. Stop lying. CBC and C24 and other stations showed NOTHING in relation to the stadium. They don’t even talk about the Raiders ya lyin’ liar.

  70. According to Forbes magazine, Mark Davis’ net worth is $500M (less than half of Alex Spanos). Most of that I assume is tied up in his partial ownership of the Raiders, that are valued at $785M. To suggest that Davis could/should write a check for a $1.9B stadium is just stupid. The dude drives a minivan, uses a 2003 Nokia phone, dresses off the rack and hasn’t paid for a decent haircut in his life.
    _____________________________________
    Wow, Davis has a net worth of $500M but cant afford a modern cell phone, car or haircut? Perhaps he needs to sell the team to a buyer that has the money to operate an NFL franchise. Davis doesnt.

Leave a Reply