Governor signs bill clearing way for NFL stadium in Vegas
MICHELLE RINDELS, AP
October 19, 2016, 6:00 am TWN
LAS VEGAS -- Nevada's governor signed a bill Monday clearing the way for a Las Vegas stadium that could be home to the Raiders, although NFL owners still need to approve the team's move to Oakland before Sin City becomes a football town.
Republican Gov. Brian Sandoval and Raiders owner Mark Davis joined hardhat-wearing construction workers and mask-wearing Raiders fans for the ceremony at UNLV, whose football team would also use the 65,000-seat domed stadium. Cheerleaders shook pompoms and a marching band launched into "Viva Las Vegas" after Sandoval inked the deal.
"Las Vegas is ready for this. Nevada is ready for this," Sandoval said in an interview afterward. "The best brand on the planet is coming together with one of the best brands in professional sports. It is truly one of those situations where 1+1(equals)3."
Nevada lawmakers narrowly approved a deal in a special session last week that increases hotel taxes in the Las Vegas area to raise $750 million for a stadium and more than $400 million to expand and upgrade the Las Vegas Convention Center. In raw dollars, it's the largest public contribution ever toward an NFL stadium, although the public's share of the total costs -- 39 percent -- is on par with stadiums in other similarly sized cities.
Billionaire casino mogul Sheldon Adelson is putting $650 million toward the project, while the Raiders and the NFL will kick in $500 million.
Any relocation needs approval from three-fourths of NFL team owners -- a historically conservative bunch that has shied away from Las Vegas because of its legal sports betting. Davis said he's not going to speculate on whether enough owners will jump on board.
Davis denied speculation that supporting the Las Vegas plan was a way to force Oakland, which is also trying to keep the team, to build it a stadium. He emphasized that he prefers to move his team to Las Vegas over Southern California, which is also an option.
"I made a commitment to the governor of Nevada," he said after the ceremony. "I've never used another city as leverage."