Las Vegas stadium lease unanimously approved - FOX5 Vegas - KVVU

Las Vegas stadium lease unanimously approved

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A rendering was made of the possible future Raiders Stadium in Las Vegas. A rendering was made of the possible future Raiders Stadium in Las Vegas.
LAS VEGAS (FOX5/AP) -

The Las Vegas Stadium Authority Board approved the lease for the new NFL stadium Thursday. 

The stadium lease received a unanimous approval during the meeting. 

The approval was necessary to avoid delaying the team's relocation by a year. The Raiders front office has said it hopes to start playing at the facility in 2020. 

The conditional lease agreement addresses various items including insurance, maintenance, and naming rights. 

The loudest contingent of attendees at the meeting came from local 872, who witnessed the first of thirteen major documents get approved as the Raiders take one step closer to Las Vegas.

"We have a lot of work to do we're excited about that the organization is excited about it, we’ve been looking forward to getting a stadium project done for the better part of a decade and we took a big step today," Raiders President, Marc Badain said.

"This community has been ready, this community has really embraced the brand we had a lot of fans here before we talked about doing this project,” Badain said. “An incredible outpouring of support, people that are really excited for us to be here and we appreciate it."

Chairman Steve Hill said putting a deadline on the lease agreement was essential in getting it done and all things considered, brought the best possible outcome.

"When you meet the deadline and you will feel good about the agreement, I think the answer to that is yes," Stadium Authority Chairman, Steve Hill said.

While many celebrated the victory, most said they will continue the next step.

"We obviously have a lot of agreements left to go in some really important agreements I know the community is very interested in the UNLV agreement community benefits agreement those will be at the top of the priority list moving forward but we can celebrate for tonight," Hill said.

"A lot of work to do, were not going to quit until it's done. That's what the expectation of this community and most certainly the stadium authority board,” Stadium Authority Liaison, Jeremy Aguero said. “This is a good day we made progress today, but we won't quit until is done."

NFL team owners are scheduled to meet in Chicago next week and plan to address the lease. 

LV Stadium Company LLC closed escrow on a lot near Russell Road and Interstate 15 on May 1. 

The site will be the new home of a $1.9 billion stadium for the Raiders

Stay with FOX5 and FOX5Vegas.com for developments. 

Copyright 2017 KVVU (KVVU Broadcasting Corporation). All rights reserved. The Associated Press contributed to this report. 

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