$750M in Tax Dollars OK’ed for ‘Las Vegas Raiders’ Stadium
A deal to build a new domed stadium to entice the Oakland Raiders to move to Las Vegas is only one step away from final approval.
A Nevada oversight committee has approved the investment of $750 million in tax funding for a new stadium to be built in Las Vegas, CBS Sports reports.
According to news sources, the Southern Nevada Tourism Infrastructure Committee (SNTIC) voted “unanimously” on September 15 to approve the expenditure in the hopes that the Raiders will change their home base from California to Vegas.
“This is an exciting and momentous day,” said Andy Abboud, senior vice president of government relations and community development for Las Vegas Sands, according to theLas Vegas Sun. “(We) look forward to having similar discussions with the 63 members of the Legislature.” – READ MORE