$400 million swing likely cements Vegas deal

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As the league’s owners prepare to rubber stamp the eventual relocation of the Raiders to Las Vegas, the deal in Nevada coincidentally became a lot sweeter only one day before the vote.

In addition to the stadium suddenly costing $200 million less (which never happens), word emerged on Sunday that another $200 million in public money will be available. That’s a $400 million swing, and it makes an already attractive package even more attractive, since it reduces dramatically the money the Raiders will need to borrow in order to get the deal done.

And so the conveniently-timed release of the information about the $400 million sweetener makes it even more likely that the Raiders will be getting the green light to go to the city where plenty of the suckers born every minute lose some of their own green every second.

14 responses to “$400 million swing likely cements Vegas deal

  1. What matters MUCH more than any estimated stadium cost is who pays for the inevitable overages. That’s the party who gave in and truly wears the risk.

    Sounds like it’s Nevada and/or Las Vegas. If so, an already costly deal could get even worse.

  2. Wah wah…welfare for the rich. I wonder if the hundreds of Raider team employees are complaining. Plus they get to move from Oakland to Vegas. Winners all the way around.

    Liberals don’t understand how the economic world works. Employers are employers for a reason. They actually create something of value that others will pay to use/enjoy. That’s called capitalism.

  3. pft13 says:
    Mar 27, 2017 2:09 PM
    Wah wah…welfare for the rich. I wonder if the hundreds of Raider team employees are complaining. Plus they get to move from Oakland to Vegas. Winners all the way around.

    Liberals don’t understand how the economic world works. Employers are employers for a reason. They actually create something of value that others will pay to use/enjoy. That’s called capitalism.

    ———————————————————————

    I doubt many of them are cheering the fact that they are moving from the Bay Area to Las Vegas. Vegas is nice to visit for 2-3 days, but no way is it a good place to live if you have a family or enjoy doing outdoor activities.

  4. I wonder what liberals like Warren Buffett, Bill Gates and Steve Jobs didn’t understand about capitalism and the economic world.

  5. So how much does Las Vegas get fleeced for?
    750MM?

    And I hear about an extra 200MM?
    950MM?

    Sounds like a good deal for the Las Vegas tax payer … Not.

  6. pft13–you cannot possibly be serious. $750 billion in welfare for Raider employees is certainly not “capitalism” and creating something of “value” as these employees work in entertainment and any income from the games are leisure dollars that would have been spent at the movies or even gambling rather than at a game. Taxpayers are losers here and the winners are the millionaire owners and players.

  7. pft13 says:
    Mar 27, 2017 2:09 PM

    Wah wah…welfare for the rich. I wonder if the hundreds of Raider team employees are complaining. Plus they get to move from Oakland to Vegas. Winners all the way around.

    Liberals don’t understand how the economic world works. Employers are employers for a reason. They actually create something of value that others will pay to use/enjoy. That’s called capitalism.
    __________________

    You had me with your sensible first paragraph even though a good portion of Raider employees will probably not be able to relocate. But then you rattled off what sounds like a disproven theory, “trickle down economics’, as well as what’s always been a subtle defense of massive tax cuts for the uber wealthy. I can’t agree with that.

  8. The Raider employees get to keep more money because Nevada doesn’t have a state personal income tax.

    State officials are banking on increased economic activity, new jobs, increased local wages and increased tax revenue that would not exist without the stadium. They expect room, gaming, sales and entertainment tax revenue to climb once the stadium is operating.

    They also note that the stadium eliminates the need to build a new college facility for UNLV and that it will provide a large entertainment venue to house concerts and special events too large for existing Las Vegas facilities.

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