Yesterday, an oversight committee passed a proposal regarding the construction of a new Las Vegas Raiders football stadium. The Southern Nevada Tourism Infrastructure Committee allowed the passing of the proposal that was presented near the end of August. This approval was an enormous victory for Raiders fans in Las Vegas.
Owner of Las Vegas Sands, Sheldon Adleson, ultimately suggested that the state of Nevada contributes up to 750 million dollars of public money. It was recommend that hotel taxes are raised in order to help contribute to the proposed domed stadium complex that will cost nearly 2 billion dollars in total. It has been confirmed that the program does not intend to reimburse any profits to the public. They claim that the stadium will make little no profit at all in the long run.
Three-quarters of NFL owners must agree upon, and approve the terms regarding the relocation of any NFL team at any time. The plan for the construction also requires approval from both the governor and the legislature.