Special session begins over possible Las Vegas NFL stadium - FOX5 Vegas - KVVU

Special session begins over possible Las Vegas NFL stadium

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Appointed Nevada lawmakers began a special session in Carson City to approve public funding for a $1.4 billion NFL stadium in Las Vegas on Oct. 10, 2016. (Kevin Bolinger/FOX5) Appointed Nevada lawmakers began a special session in Carson City to approve public funding for a $1.4 billion NFL stadium in Las Vegas on Oct. 10, 2016. (Kevin Bolinger/FOX5)
CARSON CITY, NV (FOX5) -

The future of Las Vegas tourism and possibly the fate of one of the most storied franchises in the NFL are in focus in the Nevada Legislature this week.

On Monday, appointed lawmakers from around the Silver State converged on Carson City to begin a special session to determine whether an estimated $750 million of public money will go towards the construction of a new $1.4 billion stadium project in Las Vegas.

Under plans approved by the Southern Nevada Tourism Infrastructure Committee, a hotel tax hike would help cover more than half of the cost needed to construct a multi-purpose stadium, which would house UNLV Rebels football games and draw a future NFL franchise.

The franchise in focus, the Oakland Raiders, pledged about $500 million toward the stadium, with about half of that amount coming from a league loan.

The remaining cost would be covered by Sheldon Adelson-owned Sands Corporation, which would use the stadium for convention interests.

According to FOX5's Kevin Bolinger, who is reporting from Carson City, most lawmakers expect the special session to last through Friday.

In addition, the Legislature is expected to vote on two bills surrounding the stadium. Bolinger said the first would lump the stadium in with the Las Vegas Convention Center expansion funding, which would need two-thirds of lawmakers to pass. The other bill is a one-tenth of a percent sales tax increase to bolster Clark County law enforcement, which would only need a majority vote.

Before the session, several lawmakers were calling on the special session to include the education savings fund. Gov. Brian Sandoval, R-NV, however, stated the session won't include any legislation over education.

Follow Kevin Bolinger on Twitter to get instant updates on the special session.

Stay with FOX5 and FOX5Vegas.com for updates.

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