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Vegas stadium official: Raiders 'feel strongly' they can secure finances

Vegas stadium official: Raiders 'feel strongly' they can secure finances
Published On: Thu, Feb 02
Aug 27, 2016; Oakland, CA, USA; Alabama Crimson Tide former players Oakland Raiders wide receiver Amari Cooper (89) and Tennessee Titans tight end Alex Ellis (49), running back Derrick Henry (2) and guard Chance Warmack (70) pose during a NFL football game at Oakland Coliseum. The Titans defeated the Raiders 27-14. Mandatory Credit: Kirby Lee-USA TODAY Sports

The Las Vegas Stadium Authority will continue to work with the Oakland Raiders to build a football stadium in Las Vegas that will be shared with UNLV, authority board Chairman Steve Hill said Wednesday.

Now that New York-based Goldman Sachs and Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp., have withdrawn as the Raiders partners in the $1.9 billion stadium project, Hill said its up to the Raiders to secure financing in order to move forward.

They feel strongly that theyll be able to do that, and the Stadium Authority Board certainly will continue to work with them to make the project happen, said Hill, who also serves as director of the Governors Office of Economic Development.

Speaking at the Las Vegas Global Economic Alliances third annual State of Economic Development, Hill said he is grateful for the time and effort the Adelson family put into bringing an NFL team to Las Vegas. The economic impact of such a stadium presents a real opportunity for the state, he said.

Read the complete news article here...


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