The Vegas NFL stadium project that billionaire Sheldon Adelson bailed on in belated January has discovered a new backer in Bank of America.
The financial institution has apparently decided to cover the hundreds of millions of dollars in outstanding capital to be sure the $1.9 billion, 65,000-seat domed stadium has got the money to move ahead.
The Oakland Raiders have among the fan bases that are best in professional football, however the team seems likely to Nevada after the Vegas NFL stadium found new financing.
Oakland Raiders owner Mark Davis is attempting to move his expert soccer franchise to Sin City, but before they can make his situation to the NFL’s owners, which he needs three-fourths of their support, he should have a sufficient stadium plan set up.
Chances of bringing professional football to the Mojave Desert experienced a significant setback when Adelson exited the venture after he felt Davis went behind his straight back in presenting a lease agreement to the city that moved forward with or without the vegas Sands tycoon.
Nevada has agreed to fund $750 million of the $1.9 billion build through hotel occupancy taxes generated in Clark County. Davis has pledged $500 million, and Adelson had originally committed $650 million in exactly what observers that are many a ‘legacy project’ for the Venetian and Palazzo owner.
Details of Bank of America’s involve Read more