As you may have already seen on a number of sites and news stories, it appears that the Oakland Raiders have moved all the more closer to becoming the “Las Vegas” Raiders in the very near future. On Tuesday of this past week, the Nevada State Senate voted 16-5 in favor of a new stadium deal. On Thursday, the Nevada State Assembly also voted in favor of the new stadium deal, almost guaranteeing a new stadium will be built. As the bill awaits the governor’s final signature, the spotlight now turns to the Raiders’ Owner Mark Davis and his quest to relocate. Davis has pledged to move the Raiders to Las Vegas, provided three-fourths of NFL team owners (24 of 32) approve. Under the proposal, the family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson will contribute $650 million toward the stadium project, the Raiders will kick in $500 million and the remaining $750 million would be funded by bonds backed by a hotel room tax increase.
Raiders officials had indicated that if the stadium deal passed, they would present a plan and officially announce their intentions to move to Las Vegas at next week’s NFL owners meeting in Houston. A vote on relocation could come at a January owners meeting, also in Houston. Davis issued a statement on Friday that makes it seem that the move is all set to take place, stating “I would like to thank Governor Sandoval, the Southern Nevada Tourism Infrastructure Committee, and the members of the Nevada Legislature on this historic day. All members have worked extremely hard to develop and approve this tremendous stadium project that will serve as the proud new home for the entire Raider Nation.”
With public funding in his back pocket, it seems that this deal is all but done..
Stay tuned to more details on the move to Las Vegas and other RAIDERS news here on RAIDERSGAB.COM