Photo from MANICA Architecture
The 11-member Southern Nevada Tourism Infrastructure Committee gave its unanimous approval for the $1.9 billion stadium plan that includes a record in public financing for an NFL stadium. The committee also approved language minus a proposed 39% cap on public financing, meaning public financing could exceed $750 million if cost overruns are encountered.
“We are excited and thanks to the committee,” Raiders owner Mark Davis said to USA TODAY Sports in a text message.
The plan still needs the approval of state lawmakers.
Billionaire Sheldon Adelson, the CEO and chairman of Sands, leads the effort to build the 65,000-seat stadium.
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