Tagged : Oakland Raiders

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Las Vegas Raiders StadiumFor those of you following the progress of the proposed Raiders Stadium in Las Vegas, it looks like it's almost a done deal. After a week of deliberation, Nevada Senate passed a deal that could clear the way.

The big hurdle was, of course, money. Everyone wanted the stadium, it would be great for Las Vegas, create hundreds of jobs and boost our tourism and convention industry, but with a $1.9 billion price tag, no one was jumping up to cover the cost. More specifically, a remaining $750 million that was proposed to be subsidized by public funding.

After the senate session last week, these were the terms that were agreed upon:

Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson will contribute $650 million

Raiders will kick in $500 million

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Oakland Raiders Las Vegas stadium renderingLooks like momentum is gathering for the Oakland Raiders to possibly make the move to Las Vegas in what could become the second big pro sports franchise for the gambling capital of the world.

While it’s still a long way off and nothing is finalized, the wheels are certainly in motion for the Raiders to join the NHL expansion franchise (which is still to be named) as Vegas’ two major sports teams. So far, the Raiders have applied to the U.S. Patent & Trademark Office to trademark the “Las Vegas Raiders” name. Also too, applications have been made for other items and merchandise for naming rights of the franchise in Vegas.

Raiders owner Mark Davis had originally planned on moving the Raiders from Oakland to Los Angeles, but the NFL denied the

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