Sands Corp. says NFL stadium would benefit Southern Nevada econo - FOX5 Vegas - KVVU

Sands Corp. says NFL stadium would benefit Southern Nevada economically

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Renderings were presented of a stadium built for the NFL's Raiders on August 25, 2016. (Source: SNTIC.org) Renderings were presented of a stadium built for the NFL's Raiders on August 25, 2016. (Source: SNTIC.org)
Another rendering of the proposed Raiders stadium was presented on August 25, 2016. (Source: SNTIC.org) Another rendering of the proposed Raiders stadium was presented on August 25, 2016. (Source: SNTIC.org)
LAS VEGAS (FOX5) -

There are big hurdles that must be cleared before the Oakland Raiders can be relocated to Las Vegas.

The Las Vegas Sands Corp. is intent on landing the NFL franchise and is flexing its considerable financial muscle in order to get a stadium built.

Possible locations for that stadium have been narrowed to the Bali Hai Golf Club and an undeveloped lot located near Interstate 15 and Russell Road.

Still, a funding proposal must be approved.

“If they get the Raiders or whatever, they will get everybody to come down here. I’ve seen the pictures of the stadium. It looks amazing,” said Andy Abboud, vice president of government relations and community development for the Sands Corp.

The Sands Corp. and the Oakland Raiders want a big chunk of the cost to be covered by taxpayer money.

“This is a publicly owned stadium. We need to have a public commitment. The public is gonna own it, and we think a room tax is an excellent opportunity to do that,” Abboud said.  

The proposed public commitment comes to about $750 million.

“With zero risk to Nevada taxpayers because the Adelson family will be kicking in almost $700 million for this project. They will be assuming all risks,” Abboud said.

Abboud said Sand Corp. CEO Sheldon Adelson would take care of any additional costs. He’s convinced the stadium would benefit the community economically.

“Almost $900 million of economic development - $50 million to $60 million of new taxes. It will not only increase visitations but it’s going to generate new revenue for education, for transportation, for police,” Abboud said.

The Southern Nevada Tourism Infrastructure Committee has to make a recommendation to Nevada Gov. Brian Sandoval. Sandoval will then call a special session of the Nevada Legislature. Lawmakers could then leave Clark County commissioners with the final funding vote.

“Nothing builds pride in a city like having their own sports team,” Abboud said.  

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