Raiders Find New Financing For Las Vegas Stadium

This is source I found from another site, main source you can find in last paragraph

While the Raiders will contend manage foot traffic between the stadium and the Las Vegas Strip, the Nevada Department of Transportation (NDOT) has started planning a $900 million program of infrastructure work around the venue. NDOT officials said they were preparing to do the work, but that the arrival of the Raiders had moved it to a priority spot on their agenda.

The agency said the upgrades will include reorganization of highway interchanges, direct access ramps and carpool lanes, but that it must first complete the required environmental reviews, purchase the necessary land and secure funding, which should come in 2020 or 2021. The Raiders project their inaugural NFL season will kick off in 2020, so attendees might have to deal with slow construction traffic around the stadium until the NDOT completes its work.

It was a close call recently for the Las Vegas Stadium Authority and the Southern Nevada Tourism Infrastructure Committee, which intend to use $750 million of tax-exempt bond financing to help pay for construction of the stadium. A House GOP tax reform bill that passed in November would have eliminated that financing vehicle for sports venues, but the final House-Senate measure President Trump signed on Dec. 22 preserves the option

This is source I found from another site, main source you can find in last paragraph

Source : https://www.constructiondive.com/news/raiders-footing-bill-for-infrastructure-around-new-las-vegas-stadium/513815/

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