Las Vegas Raiders - owners approved 31-1 to relocate to Vegas

[stuntmovie]

The Oakland Raiders have closed on the purchase of 62 acres west of the Mandalay Bay resort, clearing a hurdle in the team’s bid to relocate to Las Vegas and build a stadium in time for the 2020 NFL season.

The purchase price disclosed in documents posted Monday morning on the Clark County Recorder’s Office website is $77.5 million.

Early estimates projected that the Raiders would spend $100 million for stadium land.

[stuntmovie]

Update regarding the LV Raiders Stadium construction project:

DO YOU THINK THAT THE RAIDERS WILL EVER CALL LAS VEGAS ... HOME?

October 2017 was the planned date for completing all the necessary paperwork required to build the $1.9 billion NFL-ready domed football stadium to relocate the Oakland Raiders to Las Vegas.

But October has arrived and it still ain’t done!

So now the Stadium Authority may push the paperwork-completion deadline six months ahead into April 2018.

The need for the Raiders to have a final construction cost estimate for the stadium is the cause of  the delay.  

The Raider’s architects and engineers are still working to complete stadium designs and until they’re done, the team can’t zero in on a final cost.

This final cost must be known in order to approve using the public funds in the stadium project.

These public funds are $750 million in revenue being generated by an increase in a hotel room taxes for payments on bonds that will be used to borrow money to build.

By law, the Raiders have to spend the first $100 million before they can tap public funds.

This delay could possibly prevent the contractors completion of the stadium in time for the NFL preseason games in the summer of 2020.

So …. Are the Raiders negotiating to extend their lease at Oakland Alameda County Coliseum through 2020?

Maybe! Maybe not!

Other LV Authority and Raiders ‘agreements’ that are still pending:

An enabling work memorandum.
A joint-use agreement with UNLV.
A Clark County development agreement.  
A community benefits plan.
Final development agreements..

The above 5 items can be explained in further detail if anyone is interested.

And a series of resolutions for the authority to certify that include assurances of the team’s financial viability, evidence of signed agreements with a contractor, an events management company for the stadium and corroboration from the NFL for the team to relocate to Southern Nevada.

The authority also requires an agreement that the Raiders won’t relocate once the stadium is built and verification of Bank of America’s leasehold mortgage agreement with the Raiders.

So are the raiders coming or ain't they ain't!?

[Shizzo]

Who cares. The Raiders are back to sucking again.

[Chadwick The Beta]

NFL   

[stuntmovie]

No longer an NFL fan either  .... but this stadium construction situation ...I find to be very interesting and reminds me of the old Corps saying ... "PROPER PLANNING PREVENTS PISS POOR PERFORMANCE!"

It appears to me that no deep thought was given prior to the selection of the current 63 acres of vacant Las Vegas land that the Raiders apparently paid millions for when there is so much other available desert land which is not confined to a predetermined space whatsoever.

Here's another bit of info on why the current piece of property may not have been the best selection .....

STADIUM PARKING ....

Parking at the new Raiders stadium will prove much harder to come by than a ticket to the game.

The Russell Road site purchased by the will hold less than 15 percent of the parking spaces required for Clark County to certify the 65,000-seat stadium for occupancy

The team needs the certificate in order to begin work on the $1.9 billion stadium.

The tight 30-month construction calendar to be ready for the 2020 NFL season leaves little room for delays in permitting.

A recent study found that just 2,400 of the 16,250 parking spaces needed will fit on the 62-acre site acquired by the team for $77.5 million and that those 2,400 spaces likely will be reserved on game days for luxury suite holders, club seat ticket holders, players, coaches and team staff.

The Raiders still could attempt to purchase additional parcels in the vicinity of the stadium to create more parking spaces, but asking prices for such land jumped precipitously as expected following NFL approval of the Raiders relocation in March.
In addition to the lack of available parking at the stadium, analysis showed Flamingo Road, Russell Road and Tropicana Avenue would suffer major congestion from game-day traffic going into and out
of the facility.

Nearly 20,000 of the tourists expecmted to attend each game would walk to the stadium from various Strip hotels.

That heavy flow of pedestrians would require the construction of a dedicated pedestrian walkway adjacent to the Hacienda Avenue overpass.

The report suggests building the walkway wide enough to handle a future monorail station at Mandalay Bay.

END