Agreements need to be made this week for Raiders stadium to see - FOX5 Vegas - KVVU

Agreements need to be made this week for Raiders stadium to see progress

Posted: Updated:
A rendering of the Las Vegas Raiders' stadium. A rendering of the Las Vegas Raiders' stadium.
LAS VEGAS (FOX5) -

The Las Vegas Stadium Authority is set to meet on Thursday afternoon, the first time the board has met since the Raiders officially purchased the land for the $1.9 Billion facility off Russell Road.

A preliminary project timeline that was released this week is on the agenda. That timeline is calling for construction to begin in Dec. with a 30-month construction calendar to be completed in June 2020.

Before we get to that point, a lot of things have to be finished.  Among the key issues to finalize is the lease agreement, the county and state development agreement, the high impact project agreement and the shared use agreement with UNLV.

The lease agreement is said to be 90 percent complete, but the final ten percent will be the most difficult and time consuming.

“There are some things that the Raiders want to have in the lease and there are things the stadium authority wants in the lease,” FOX5 Raiders Insider Joe Arrigo said. “It's a time where things could get a little contentious but not in a bad way. From my understanding, everything is going smoothly. But just like any negotiation, there are points where they want to see who blinks first.”

The lease agreement is not expected to be finalized until next month at the earliest.

In the meantime, there are all kinds of studies being done and the Stadium Authority is expected to start getting progress reports on Thursday.

“They're in the process of a traffic study now, in the process of a drainage study, a pedestrian study,” Clark County Commission Chairman Steve Sisolak said. “So they've commissioned all of this work that's all out there. It just takes time to get it done.”

Once everything on the pre-construction list is complete, the Raiders will transfer the land to the Stadium Authority which will ultimately own both the land and the stadium.

At that point, construction can begin.

Copyright 2017 KVVU (KVVU Broadcasting Corporation). All rights reserved.

  • Most Popular StoriesMore>>

  • Las Vegas man shot and killed after jumping off balcony

    Las Vegas man shot and killed after jumping off balcony

    Tuesday, December 12 2017 7:48 PM EST2017-12-13 00:48:21 GMT
    LVMPD officers investigate the scene of a deadly shooting Dec. 11, 2017 (FOX5).LVMPD officers investigate the scene of a deadly shooting Dec. 11, 2017 (FOX5).

    Las Vegas Metropolitan Police said one person is dead after a shooting near Vegas Valley Drive and Nellis Boulevard Monday evening.  

    More >

    Las Vegas Metropolitan Police said one person is dead after a shooting near Vegas Valley Drive and Nellis Boulevard Monday evening.  

    More >
  • Death of 2-hour-old baby ruled murder, no charges filed

    Death of 2-hour-old baby ruled murder, no charges filed

    Tuesday, December 12 2017 2:56 AM EST2017-12-12 07:56:32 GMT
    This generic image shows the silhouette of a pregnant woman. (Meredith Image)This generic image shows the silhouette of a pregnant woman. (Meredith Image)

    The death of a baby boy earlier this year who lived for less than two hours has been classified as a murder, according to Metro Police.

    More >

    The death of a baby boy earlier this year who lived for less than two hours has been classified as a murder, according to Metro Police.

    More >
  • Our Apologies

    The page you requested is currently unavailable. Pages on this site are constantly being revised, updated, and occasionally removed. You may have followed an outdated link or have outdated pages in your

    You have reached a page which is currently unavailable. We apologize for any inconvenience. Please use your browser's BACK button to return to the previous page

    More >
Powered by Frankly
Fox 5
Powered by WorldNow CNN
All content © 2017, KVVU Broadcasting Corporation, Las Vegas, NV and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.