The Raiders franchise relocation to Las Vegas is nearing finalization, according to the latest NFL rumors on the transfer from Oakland. Reports on Friday state government officials from Nevada will approve the stadium plan in Las Vegas.
Jason Cole of Bleacher Report state that Nevada Governor Brian Sandoval and the State Legislature are open to approving businessman Sheldon Adelson’s $1.9 million stadium plan. The breakdown of the deal has $750 million in public money, $650 million from the businessman and $500 million from the Raiders.
Earlier reports this week state that the Southern Nevada Tourism and Infrastructure Committee had already approved the use of $750M public money for a stadium.
Raiders owner Mark Davis is now optimistic with the relocation from Oakland to Las Vegas after months when the financial support was not sure from the other parties. The Raiders owner said he is excited about the development on the relocation plans and thanked the committee.
The team and parties are now looking at the November 8 deadline if the approval of the relocation will be done for next season. If the Nevada Legislature does not decide by Nov. 8 the relocation won’t happen by next season, according to the Las Vegas Review-Journal.
Oakland will still fight the relocation, according to their mayor, Libby Schaaf.
“While Nevada lawmakers consider making the largest public investment in a private stadium deal in history by approving a $750MM public subsidy for a facility in Las Vegas, I will continue to work with the NFL and the Raiders’ designee Larry McNeil to iron out a deal that works for the team, the league, the fans and the taxpayers in Oakland,” Schaaf stated to CSNBayArea.