Alternate stadium site pitched in Vegas board's 1st meeting - FOX5 Vegas - KVVU

Alternate stadium site pitched in Vegas board's 1st meeting

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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)
LAS VEGAS (FOX5) -

While nothing earth-shattering was discussed, the board that oversees the development of a planned NFL stadium in the Las Vegas Valley convened its first meeting Monday.

As part of the meeting, the seven-member board heard public comment from the community. Prominent real estate developer Fred Nassiri was among those who spoke out Monday, pitching an alternate site to build the impending high-profile structure.

Nassiri offered his parcel located just south of the Las Vegas Strip at the corner of Las Vegas Boulevard and Blue Diamond Road. Nassiri cited name recognition of "Las Vegas Boulevard" as part of the pitch.

"That's the next Manhattan of Las Vegas. The next Beverly Hills of Las Vegas. All the high rises are going to go there," Nassiri said.

The developer added he had discussions with Oakland Raiders owner Mark Davis about the site.

Still, board chairman Steve Hill said the site at Russell Road just off the Intestate 15 corridor is still the front-runner.

"They plan to build on the 62 acres there at Russell and I-15," Hill said. "If the team heads in a new direction, then we will review that."

The board meeting also examined the possibility of the Raiders not moving to Las Vegas at all, especially in the midst of a competing bid in the works in Oakland.

The stadium calls for it to also accommodate the University of Nevada, Las Vegas football team. In the event the Raiders skip out on Nevada, UNLV will have the opportunity to pay for a 40,000-seat collegiate stadium and would have two year to raise $200 million for it. 

With the Raiders included, standing plans call for a 65,000-seat stadium that would cost $1.9 billion. A hotel tax would account for $750 million of the stadium's budget.

Davis has insisted his preference to move to Las Vegas. Among the hurdles still left, Davis' Raiders would need 24 votes supporting relocation from NFL team owners. It's not clear whether Davis has secured those votes.

As for the board, members are expected to meet at a minimum of once a month, most likely on the second Wednesday or Thursday of every month. The next meeting is scheduled for Dec. 15, and it is open to the public.

The board was formed for the purpose of contracts for stadium development and operations. The temporary board has a window of only 18 months, depending on whether the Raiders arrive.

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