Las Vegas stadium could cost as much as $2.1 billion

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Before the Raiders can move from Oakland to Las Vegas, a location for a stadium in Nevada must be selected. Via Paul Gutierrez of ESPN.com, the universe of potential sites currently sits at nine.

Gutierrez explains that, a special meeting on Monday, the Southern Nevada Tourism Infrastructure Committee discussed the possible locations for a stadium. But here’s what the headline arguably should have been: The estimated cost of a stadium in Las Vegas has skyrocketed from $1.4 billion to up to $2.1 billion.

The increase comes from the potential costs of acquiring land, along with a proposal to give the stadium a retractable roof.

The Commission, which originally was scheduled to end its work later this month, will be asking for a two-month extension before making a recommendation to Governor Brian Sandoval.

The flirtation phase of the Raiders-to-Vegas movement had the public contribution at $750 million. Sandoval and other politicians want to knock that number down by $200 million. There’s a chance that, in the end, the numbers simply won’t add up.

Which means that Las Vegas may not be an option for the Raiders. Which means that, unless something works out in Oakland, the Raiders may need another long-term solution.

Los Angeles becomes an obvious fallback, if the Chargers don’t exercise their right to join the Rams at Kroenkeworld before January 2017. Still, it’s hard to imagine the Rams truly embracing a return by the Raiders to L.A., given the belief that the Raiders could instantly eclipse the Rams as the No. 1 team in the market.

87 responses to “Las Vegas stadium could cost as much as $2.1 billion

  1. “Still, it’s hard to imagine the Rams truly embracing a return by the Raiders to L.A., given the belief that the Raiders could instantly eclipse the Rams as the No. 1 team in the market.”

    It’s not a belief, it’s a fact. LA is Raider territory all the way.

  2. Benjamin Franklin: “Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.”

  3. Let me get this straight. They’re proposing the most expensive stadium ever for one team in the 42nd market and the owner is only putting in 5%?

    Also if you have 9 stadium sites, you don’t have one.

    #stayinoakland

  4. dasmol says:
    Jul 12, 2016 11:19 AM

    Why would you put a retractable roof in Vegas?
    —————————

    Because it is hotter than hell there in the summer, and I’m guessing that they want this thing to be more than just a football stadium.

  5. Because its the desert, its cooler at night. you havent been to vegas obviously.

    dasmol says:
    Jul 12, 2016 11:19 AM

    Why would you put a retractable roof in Vegas?

  6. The numbers already don’t add up… $2.1Billion -$750Million (assuming Vegas caves and ponies-up full amount) still leaves $1.35Billion for the Raiders/NFL to pay. In addition to the $550Million relocation fee (which the Rams just paid) charged to the Raiders there’s no way in Hades that they’ll move to Vegas AND have to pay $1.9Billion.

  7. Let the billionaire owners pay for it. I love football and sports as much as everyone else, but damn, you have to draw the line somewhere!!

  8. During the summer, it’s too hot to open the retractable roof because normal people want air conditioning. And during the winter, it’s normally pretty windy, dusty and cold in Las Vegas.

    So I think that’s why the one guy was questioning the retractable roof. That’s why you don’t see very many outdoor venues in Vegas.

  9. The problem is Mark Davis doesnt have the wealth to pay for a privatley owned stadium. He’s looking for a handout and somebody to do all the leg work. We’re about 6 months into this whole Vegas situation and they still havent dwindled the list down from 9 potential sites. The need for an extention is due to the fact that the Raiders arent doing anything. 3 weeks from now the list of sites will be down to 8 .. Then 3 weeks later we’ll be down to 7 .. This is quickly becoming a charade.

  10. Ya this sucker is going nowhere. This kind of money is insane for one of the poorest teams in football. The raiders will stay in oakland. Thats all folks show is over

  11. Last week, I toured the Vikings’ new stadium, which cost $1.2 billion. I can’t imagine there would be anything else needed that would cost another $900 million.

  12. I think they could cut some corners and focus on the main attraction which would be a team….

  13. So it looks like a move to Vegas may not occur. I can’t honestly say that I’m upset about that. And if Son-of-Al moves to La-la land, he’d just be a 2nd-class tenant in Kroenke’s stadium the way he would be if he shared Levis with the 49ers (that’s why the Chargers changed their mind about moving to Los Angeles).

    Now the simple solution would be for Son-of-Al were to sell at least a piece of the Raiders to an investor who commits to financing a new stadium in Oakland or another suitable location in Northern California or perhaps a place like Portland.

    But that won’t happen because Son-of-Al is paranoid about losing controlling ownership over the franchise he inherited (having never had to work for anything a day in his life). Also he has zero business acumen.

  14. The UFC sale seems to have a lot to do with this, there has been rumor for a few months that the Fretitta brothers wanted to buy or buy a stake of the Raiders and move them to Vegas. The Mark Davis made the vegas remark a couple months back. then the fretitta brothers just sold the UFC for $4 billion. Sounds like they are trying to make this move. Also Its vegas , the stadium will also probably have a giant casino and hotel rooms aka more money to build.

    pkrjones says:
    Jul 12, 2016 11:34 AM

    The numbers already don’t add up… $2.1Billion -$750Million (assuming Vegas caves and ponies-up full amount) still leaves $1.35Billion for the Raiders/NFL to pay. In addition to the $550Million relocation fee (which the Rams just paid) charged to the Raiders there’s no way in Hades that they’ll move to Vegas AND have to pay $1.9Billion.

  15. UFC was just sold for 4 billion. there’s money in vegas for new raiders stadium.

  16. raiderssf says:
    Jul 12, 2016 11:28 AM
    Let me get this straight. They’re proposing the most expensive stadium ever for one team in the 42nd market and the owner is only putting in 5%?

    ——————————————————————

    Ladies and gentlemen, your National Football League!

  17. The cost of building the stadium didn’t go up to 2.1 billion. What they are doing is adding in the cost to aquire the land. But most of the sites that are in the discussion the land is being donated. Most notably the feretta bros and Steve Wynn. They are putting these numbers in the proposal now to show that a larger chunck of the money is coming from investors. The stadium build alone is still around 1.2 billion.

  18. The increase?

    They probably factoring in the cost of installing video poker and slot machines in front of every second seat.

  19. Prediction:

    The Oakland Raiders will be visiting Foxboro in January for the AFC Championship game.

    You heard it here first.

    And I’ll be the first to say told you so.

    Book it!

    🙂

  20. Outrageous and disgusting.

    The owners make billions off their regular operations.

    Now they’re making billions more from their shadow ownership of the daily fantasy gambling sites.

    Yet they want to screw taxpayers to the wall and extort these buildings from them. I hope no city or state ever gives the NFL another penny.

    Let these vastly greedy, scumbag owners pay for their own buildings.

    Kraft did. Now Kroenke is in LA. That should be the model, not stealing vast sums of taxpayer money.

  21. Thats why the rumor of the Fretitta brothers buying a stake of the Raiders and moving them to vegas sounds legit. specially since they just sold the UFC for 4 billion, they had no other reason to sell it unless they wanted to acquire something bigger and better like an NFL team

    therealraider says:
    Jul 12, 2016 11:39 AM

    The problem is Mark Davis doesnt have the wealth to pay for a privatley owned stadium. He’s looking for a handout and somebody to do all the leg work. We’re about 6 months into this whole Vegas situation and they still havent dwindled the list down from 9 potential sites. The need for an extention is due to the fact that the Raiders arent doing anything. 3 weeks from now the list of sites will be down to 8 .. Then 3 weeks later we’ll be down to 7 .. This is quickly becoming a charade.

  22. If the Raiders move to Vegas Mark Davis will not be the owner for much longer. There will be a forced sale to a billionaire or a group of Billionaires. The New Money regime in the ownership group is killing the NFL.

    Seriously, a retractable roof for a stadium the Raiders will play in? Get out of here with that!

  23. I forgot, who is paying for this?
    The tax payer – 750MM, who puts up the other 1.35B? Private industry?
    The owner puts up what?

    8 NFL games per year, and possibly play off games (who care about pre-season).
    How many non football events?

    Sounds like a smart use of $2,100,000,000 to me.
    Nah, not really.

    Now If you had 2 teams based in LA, then maybe I could see this kind of cost, but a team in a small market?

  24. “And during the winter, it’s normally pretty windy, dusty and cold in Las Vegas”

    The fans back East seem to be willing to live with windy, cold, rainy (and even snowy) conditions. Are you saying the fans in Vegas are pansies?

  25. The only way the stadium will cost $2.1 billion is if it’s budgeted to cost $1.1 billion.

  26. I realize that it was 16 years ago, and several newer (no doubt more expensive) stadiums were built since then, but consider this:

    Gillette Stadium is still one of the newer and very modern stadium’s and facilities in the league and it cost $325M .(all privately funded too)

    I understand newer and bigger and better… inflation, etc. But how do you go from the 300-400 millions to billions in only about 15 years? This is getting ridiculous.

  27. dasmol says:
    Jul 12, 2016 11:19 AM

    Why would you put a retractable roof in Vegas?

    ———————–

    The temp during football season isnt terrible in Vegas, not like they are playing in July.

  28. Football is meant to be played outside. If the people in Las Vegas are to sissified to attend games without a retractable roof then they don’t deserve a team.

  29. This is asinine. I love football, but $2B for a stadium is just wrong.
    ——————————————

    This is the Cowboy model. Create a TRULY multi-purpose venue so that a planned perpetually mediocre NFL team becomes a small portion of total revenues. Placing another AT&T stadium in Vegas might be the best NFL business plan in the country.

  30. This deal makes a ton of sense.

    First the Fertitata brothers who just sold the UFC are likely to pony up a big chunk. They’ll probably structure a deal that allows them to buy a minority or 51% share of the Raiders at a future date. The option is important because they likely need to unload Stations Casinos before the NFL approves them as owners.

    I lived in Vegas for a couple years. The temps are great during most of the football season. But preseason would be brutal to play there. It also gets cold on occasion in the winter.

    The roof will let them make sure Super Bowls are a nice environment. Also they’ll be able to host big time soccer matches there during the summer and events of all types (including conventions) year round.

    The people talking about market share are really missing the boat. Vegas is super easy to get to. Four home games per year will feature teams that visit once very 4-7 years. The games will be broadcast in Oakland where it’s an easy/cheap flight.

    I think the Vegas Raiders will be a huge success.

  31. Hey Davis, get a mortgage like everyone and every other business that wants to build a building and doesn’t have the money to pay for it outright.

    Dear taxpayers and voters: Stop being such an easy mark (no pun intended).

  32. Isn’t a Vegas team going to steal fans from an LA team? If I were the Chargers, my decision would depend on what the Raiders do. 3 teams so close could be a huge risk.

    As for needing a retractable roof. It’s not that great at night in Vegas, just put a fixed roof on it and save $500M. Anyone saying they don’t need A/C hasn’t been to Vegas or is just hoping to watch players die on the field from over heating.

  33. Market size doesn’t mean much when you’re talking about Vegas. The team may have a hard time bringing their own fans to the game, but visiting teams will certainly pack the house for an excuse to go to Vegas. TV deals would be my concern, but then that should be unrelated to how fancy they make the stadium

  34. I wish they could just get something done in Oakland….but if they had to move i still like Vegas way better than Mexico, i mean LA.

  35. The Vikes started out with the retractable roof idea too, realized the added cost, and shifted to simply opening up the sides of the stadium. There are other options.

  36. The extra is to recover Hoffa’s body from the old Giant’s stadium and bury him in Vegas.

    And pay off anyone and everyone that has anything to do with building this thing.

    Even if gambling is no longer exclusive to Vegas there’s still a lot of other types involved with the place.

  37. Breaks down as $1 billion to build it, $1.1 billion to scrub the national memory of all Bills futility before moving them there.

  38. Cost to build Jerrys World @ 1.3 Billion in Texas, Cost to build Levis Stadium in Santa Clara @1.2 Billion. You see what the dollar gets in Texas and what it gets in CA. Levis stadium is nowhere close to what Jerrys world is as far as a stadium.

    Now how can you tell me in Vegas it will cost double of what Jerrys world cost when cost of living etc is close if not worse in Nevada?

  39. 200 acres of land in the Nevada desert shouldn’t cost a billion dollars. I just did a quick search and found 234 acres for $15,000,000. I think people might be willing to travel a few miles away from the strip to watch an NFL game.

  40. “But how do you go from the 300-400 millions to billions in only about 15 years?”

    The same way that salaries have escalated from $3 or $4 million a year to $15 or $20 million a year in about that much time.

  41. Can’t believe that these hooligans failed to mention that MGM and AEG did just build a $350 million arena that seats 20,000 people. Sure, they used their own land, but land price isn’t the driving cost with this one.

    How much public funding did they need to build this fantastic venue that will host concerts, the NHL, and college basketball tournaments? $0.00. And they will keep every dime of profit that stems from it.

  42. Why aren’t they looking at San Antonio? They already own suitable land there. The city is twice as big as Las Vegas and has a better chance of supporting the team over the long term.

  43. joetoronto says:
    Jul 12, 2016 11:18 AM

    “Still, it’s hard to imagine the Rams truly embracing a return by the Raiders to L.A., given the belief that the Raiders could instantly eclipse the Rams as the No. 1 team in the market.”

    It’s not a belief, it’s a fact. LA is Raider territory all the way.

    ————
    This is completely and utterly false. Besides the fact that the Rams sold out for 30 years before Frontiere moved them to Anaheim, the civic leaders, including the mayor, do not want the Raiders in Los Angeles, period.

    Real Estate near the new Inglewood stadium is rising exponentially due to its proximity to Silicon Beach. The last thing the people of that area want is Raiders fans, who have historically caused issues in Los Angeles.

  44. For better or worse, the NFL is our addiction. A fascinating sport that one cannot ignore. But for the life of me, I cannot understand why time after time, people like you and me with modest incomes, are expected to financially support billionaire owners and their trillionaire enterprises and help them build their stadiums. I don’t mind paying for tickets. I gladly renew my Sunday ticket every year, but stadiums? Really? Enough is enough!

    I own my own little business. Every month I pay the mortgage on my office building. That is my responsibility and only mine. I am not looking for third party support except my lender. Isn’t that the way it is supposed to work?

    The NFL has us by the short sack. Should this trend continue, we will next be paying for the owners new vacation mansions. Jesus, enough is enough!!!!! Stop the madness!!

  45. Years ago when the Philles and the Eagles received funding for their stadiums, the Eagles were ready to go… they were all set. The Phillies, however, held up the progress because they insisted on building their stadium in Chinatown, which would have involved acquiring a massive amount of land, demolishing that land and so forth. Traffic in that area would have been horrendous. All because the Phillies wanted the Philly skyline in the background.

    Why do I suspect that Oakland has chosen the most unrealistic site for this stadium? I’m sorry but I am not one to go “wah, wah, wah… taxpayers… wah, wah, wah” but I cannot support using public funding for a 2 billion dollar stadium. I’ll fund an X amount and anything beyond that, Mark Davis needs to come up with.

  46. So, it’s going to cost more to build a domed stadium in Vegas where it rains 4 inches a year than it did in Atlanta where they get 4 feet? Or a domed stadium in MN where they get 4 feet of snow annually? Or ANY type of stadium in the metro NY area where building costs are astronomical??
    Yeah, time to back up the con artist bus just a little.

  47. dasmol says:
    Jul 12, 2016 11:19 AM

    Why would you put a retractable roof in Vegas?

    ———————–
    Because with the combination of alcohol and high temperatures many fans would spontaneously combust…

  48. 2.1 billion???

    Are they going give out Las Vegas Escorts at every game?

  49. So, it’s going to cost that much to buy land in Vegas? News flash, Vegas real estate tanked and Nevada is 99.9% empty. Why does this thing cost almost as much as the Lambs stadium in LA?

  50. In order to pay for a stadium in Vegas, just add to the taxes that those who book hotel rooms pay, currently 12 percent on The Strip, and 13% downtown…you could also add a quarter or half a percentage point to the 8.1 % sales tax already on the books…

    Why a retractable roof? in the summer, the breeze coming off the desert is nice and cool…

    The price tag for the stadium in St Louis was $1.3 billion…2 billion sounds about right for a deal in Vegas to go down.

    No way the Rams will allow the Raiders to move and partner with them in SoCal…the Chargers, maybe, if a deal can’t be had in San Diego.

  51. Kroenke will stonewall either the Chargers or the Raiders.

    So either the play in Vegas, stay in the sewage pit in Oakland, or just become a traveling roadshow.

  52. In a normal situation with normal people you would work within a budget right?

    Not sure why in the public subsidy business no one ever questions raising prices. Get competitive bids and do the best you can. Don’t keep raising the prices and expect the public to pay.

    The Raiders have zero leverage. Oakland isn’t putting public dollars and the the Rams don’t want them there.

    Negotiate from a position of strength Las Vegas!

  53. Does that price include paper cutouts in the form of fans in the stands?

    They are going to need it if they move to that place…

  54. justanotherfan101 says:
    Jul 12, 2016 2:11 PM
    200 acres of land in the Nevada desert shouldn’t cost a billion dollars. I just did a quick search and found 234 acres for $15,000,000. I think people might be willing to travel a few miles away from the strip to watch an NFL game.

    But it would cost another Billion just in infrastructure, roads, water, sewer, electric, etc.

  55. For 2.1 billion maybe they’re planning on tearing down the Bellagio and building it there.

  56. With Mark Davis committing $500 million and Sheldon Adelson and Steve Wynn on board, there is plenty of money to get this done. It is the entertainment capital of the world, so you know it’s going to be amazing.

    UNLV and the MLS team interested in playing there should contribute to the cost, too.

  57. It doesn’t sound like the Raiders are going to be in Oakland . Vegas would fit . Some team is going to move there eventually. Davis does not have the money to build his own stadium . Why would he care how much it cost ? He has said I’m paying this amount from my own pocket and that’s it. Its not really up to him. Its what the NFL wants. If the owners think this is a good deal for them , it will happen. If another city has a better deal , that’s where they will go. Im sorry to say for Oakland fans that the city of Oakland can not compete with what is going on. There are many cities in the same situation. If an owner is hell bent on moving and another city is flaunting billions of dollars towards the NFL , that team is gone. Look at it this way , if Stan and Jerry want Davis in Vegas , that’s where he will be.

  58. For better or worse, the NFL is our addiction.

    ——————————————–

    Sorry for you. Don’t let it bring you down; it’s only castles burning

  59. Have Moe of the 3 stooges Davis sell the team to Steve Wynn. That dude could get it done

  60. Retractable roofs are a gimmick; see Atlanta Falcons new stadium design. The NFL wants each new stadium to be of “flagship” caliber. The owners want that too. The fans want cheap beer and wider seats. The owners get what they want. The fans get “49ers vs Rams in China”… Or, in other words, the fans get hosed.

  61. All 32 NFL owners/teams/players should be forced to set asside a percentage of their profits to pay for future construction and maintenance of NFL stadiums. Up untill recently the NFL has been considered a “non-profit”organization. They are all obviously profiting from this business. As all worker unions collect fees, so should the NFL.

  62. I dont think we have seen anything on what an NFL team will look like, value wise in 20 years. 2.1 billion in 2016 dollars is chump by then.

    Disagree if you want, but the NFL is going global. China, Britain (or whatever it will be called) Germany, Australia, and totally global adding San Antonio, Portland, Albuquerque, D.C. (oh, wait) Fargo (ND has to have one) Billings, and Anchorage.

    Yep, I think I am quite spot on chap.

  63. So let me get this straight, 8 times a year all the casinos will shut down and everyone will run to watch a schlock Raiders team play bad football? Thought! Too much competition in Vegas for the discretionary dollar. The Raiders novelty will wear off quickly.

  64. intrafinesse says:
    Jul 12, 2016 12:37 PM

    … 8 NFL games per year, and possibly play off games (who care about pre-season).
    How many non football events?

    Sounds like a smart use of $2,100,000,000 to me.
    Nah, not really.
    _____________________

    These are astute businessmen. Such a venue would not sit vacant for most of the year. Expect to see an adjunct hotel, casino, fine dining and year round entertainment events. It will be a huge revenue generator.

  65. 2.1 billion for a stadium? That’s crazy. Should move the team to Toronto. Oh, fans have to actually buy tickets and support the team?
    If that’s the case, Toronto actually purchasing football tickets is crazier than the stadium cost in Vegas!!!

  66. I’ve read the comments about the conditions being too hot in summer and dusty in the winter months as answers to the retractable roof question. So here’s a new perspective on the question. If the conditions in Las Vegas are too hot in the summer and too dusty in the winter, why bother including a retractable roof when you can build a regular roof since it will most likely need to be closed most of the time anyway. A full roof that doesn’t retract has got to be less expensive to build than one that retracts.

  67. Las Vegas is the entertainment capital of the world. They need a brand new modernized stadium. Not just for the Raiders and UNLV, but for Super Bowls, Final Fours, and concerts too. The money made will be astronomical. With the various sources of private funds and the hotel tax increase, the $$$ is there to get something done (unlike Oakland).

    Come on Nevada lawmakers, put your heads together and get this approved!!

  68. Really doubt it’s going to happen. And for Pete’s sake (or for mine) learn how to pronounce the state name of Nevada…… You’re not speaking the king’s English are you?

  69. thingamajig

    You need a different contractor, or accountant, or both. If you save a 100 million here, and a hundred million there , it adds up. And pretty soon your talking about saving some real money.

  70. Just moved to Orange County from San Diego county. I see Rams gear EVERYWHERE, as well as the occasional Chargers hat… I never, EVER, see Raiders gear here.

  71. Just build the stadium. Las Vegas needs a big, modernized stadium. If they don’t get the Raiders, they’ll get the Chargers or an expansion team. Super Bowls in Las Vegas will be amazing!!!!

  72. They should forget about the retractable roof and just make it a domed or fixed roof indoor stadium. Nobody will complain about being in a 70 degree indoor stadium.

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