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<blockquote data-quote="lunkerslayer" data-source="post: 104252" data-attributes="member: 217"><p><strong>Inside Sheldon Adelson’s plan to build an NFL stadium in Las Vegas</strong></p><p></p><p>A new NFL season begins today, with a rematch of last year’s Super Bowl between the Carolina Panthers and Denver Broncos. But as the season kicks off, a different team is in the spotlight: the Oakland Raiders. An initiative is underway to move the Raiders to Las Vegas, if the NFL approves it.</p><p></p><p></p><p>The move depends on the completion of a new $1.9 billion, 65,000-seat stadium there; it would be the most expensive NFL stadium ever built. (MetLife Stadium in New Jersey cost $1.6 billion and Levi’s Stadium in Santa Clara cost $1.3 billion.) And the man behind that costly project is Las Vegas Sands (LVS) CEO Sheldon Adelson.</p><p></p><p></p><p>The 83-year-old casino mogul, who ranked No. 15 on last year’s Forbes 400 list with $30 billion in net worth, spoke exclusively to Yahoo Finance by phone to discuss his plan.</p><p></p><p></p><p>Raiders owner Mark Davis has committed to moving the team, and he has pledged $500 million to the stadium project, which includes a $200 million NFL loan and the likely sale of Raiders personal seat licenses (PSLs). Adelson will contribute $650 million of his own money to the project, and has brought on developer Majestic Realty. The final piece would be $750 million in public funding, raised by raising the hotel room tax in Clark County, Nev., by less than 1%. ($750 million from the county plus $650 million from Adelson plus $500 million from the Raiders brings the total to $1.9 billion; that price tag could still go higher.<img src="https://s.yimg.com/ny/api/res/1.2/mp7FbSAlU90mK1iPVxW3Jg--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NjcwO2g9MzY3/http://media.zenfs.com/en/homerun/feed_manager_auto_publish_494/b910e9fee48d37a7e9ef6cc975d36606" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="lunkerslayer, post: 104252, member: 217"] [b]Inside Sheldon Adelson’s plan to build an NFL stadium in Las Vegas[/b] A new NFL season begins today, with a rematch of last year’s Super Bowl between the Carolina Panthers and Denver Broncos. But as the season kicks off, a different team is in the spotlight: the Oakland Raiders. An initiative is underway to move the Raiders to Las Vegas, if the NFL approves it. The move depends on the completion of a new $1.9 billion, 65,000-seat stadium there; it would be the most expensive NFL stadium ever built. (MetLife Stadium in New Jersey cost $1.6 billion and Levi’s Stadium in Santa Clara cost $1.3 billion.) And the man behind that costly project is Las Vegas Sands (LVS) CEO Sheldon Adelson. The 83-year-old casino mogul, who ranked No. 15 on last year’s Forbes 400 list with $30 billion in net worth, spoke exclusively to Yahoo Finance by phone to discuss his plan. Raiders owner Mark Davis has committed to moving the team, and he has pledged $500 million to the stadium project, which includes a $200 million NFL loan and the likely sale of Raiders personal seat licenses (PSLs). Adelson will contribute $650 million of his own money to the project, and has brought on developer Majestic Realty. The final piece would be $750 million in public funding, raised by raising the hotel room tax in Clark County, Nev., by less than 1%. ($750 million from the county plus $650 million from Adelson plus $500 million from the Raiders brings the total to $1.9 billion; that price tag could still go higher.[IMG]https://s.yimg.com/ny/api/res/1.2/mp7FbSAlU90mK1iPVxW3Jg--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NjcwO2g9MzY3/http://media.zenfs.com/en/homerun/feed_manager_auto_publish_494/b910e9fee48d37a7e9ef6cc975d36606[/IMG] [/QUOTE]
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