Skip to main content

Nevada legislature approved $750 million for Raiders stadium

NFL owners, Las Vegas Raiders
May 11, 2016; Las Vegas, NV, USA; General view of vacant lot on E. Tropicana Ave. near Korval Lane. Oakland Raiders owner Mark Davis (not pictured) has pledged $500 million toward building a 65,000-seat domed stadium on the site at a total cost of $1.4 billion. NFL commissioner Roger Goodell (not pictured) said Davis can explore his options in Las Vegas but would require 24 of 32 owners to approve the move. Mandatory Credit: Kirby Lee-USA TODAY Sports

The Oakland Raiders received a tremendous bit of news as it relates to their potential move to Las Vegas. Nevada legislature approved a $750 million expenditure this week to help fund the proposed Raiders stadium in Las Vegas.

Earlier in the day, Jason Cole of Bleacher reported the main thing now standing in the way of Oakland making their way to Las Vegas is the NFL owners voting to approve the move.

“The chief concern is about how the Raiders will share revenue with developer and casino magnate, Sheldon Adelson.”

We covered this potential pitfall on Monday, and there are some interesting layers to this story that might prove problematic.

Essentially, Adelson has had dealings with shady characters in the past, and he could potentially try to strong-arm his way to a bigger slice of the pie than league owners would like (more on that here).

Still, the city of Las Vegas has made it clear that the Raiders would be welcomed with open arms.

There appears to be more positive momentum building for this potential move than there are reasons to believe it won’t work.

With that in mind, especially if the commission does indeed approve the $750 million to help fund the Raiders stadium, it seems likely the move will happen.