Raiders moving to Vegas?? :wow:

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Casino giant Las Vegas Sands Corp. is leading a consortium of investors that is proposing to build a $1 billion domed stadium on 42 acres near the University of Nevada, Las Vegas that would be home to school's football team — and possibly a National Football League franchise.

Andy Abboud, Las Vegas Sands' senior vice president of government relations and community development said Thursday Las Vegas needs a modern stadium with at least 65,000 seats to drive additional tourism to Southern Nevada.

Mark Davis, owner of the Oakland Raiders, is scheduled to meet with Las Vegas Sands Chairman and CEO Sheldon Adelson on Friday, possibly to discuss stadium details. A potential move by the Raiders to Los Angeles earlier this month was rejected by the NFL. Abboud said Las Vegas Sands has had conversations with officials from other NFL teams as well.

"We are moving forward with the stadium concept with or without an NFL team," Abboud said Thursday. "We see a lot more opportunities — conference championships, bowl games, NFL exhibition football, boxing, soccer, neutral site games, and music festivals. There is an entire segment out there."

The plans are conceptual and involve Los Angeles-based Majestic Realty Co., and UNLV, which closed on the purchase of 42 vacant acres along Tropicana Avenue east of Koval Lane earlier this month. UNLV wants to move its football program out of aging Sam Boyd Stadium, which sits in the east valley, to new facility closer to campus.

Abboud said the project would be a "public-private partnership" in which Las Vegas Sands or the Adelson family would contribute a large portion of the financing. He said the casino company, which operates The Venetian and Palazzo, as well as casinos in Macau, Singapore and Pennsylvania, could also raise financing for the project.

Abboud said the company may seek legislative approval for hotel room tax revenues that now support the Las Vegas Convention and Visitors Authority to be diverted to the project.

Las Vegas Sands plans to present its idea in February or March to the Southern Nevada Tourism Infrastructure Committee, which is tasked with finding ideas to further grow the tourism economy.

"Nothing will move that needle like a new world-class stadium," Abboud said.


Las Vegas Sands proposes $1B domed stadium; Adelson to meet with Raiders owner
 
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