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Las Vegas financiers are demanding a non-negotiable $750 million in public money for potential Raiders stadium

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Backers of a $1.9 billion proposal for a new NFL stadium in Las Vegas for the Oakland Raiders are demanding $750 million in public money to fund the project, or else they say they will walk away.

According to the AP, representatives of Majestic Realty and Las Vegas Sands met with an oversight committee in Las Vegas on Thursday, where they unveiled the first renderings of the 65,000-seat domed NFL stadium. They said they had narrowed down the search to two potential locations near the Las Vegas Strip.

They also said they would move on from the project unless state lawmakers agreed to contribute a minimum $750 million in public money.

“Not to be difficult, but we’re not negotiable,” said Sands President Rob Goldstein, speaking on behalf of billionaire casino mogul Sheldon Adelson. “If we can’t get 750, we respectfully thank you but we’re going to move on.”

The public money would reportedly come from a special taxation district around the proposed stadium, and a hotel tax. – READ MORE

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