Nevada State Senate Approves $1.4B for Raiders Stadium

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With the Nevada state legislature making quick decisions concerning funding for a new stadium for the Oakland Raiders, owner Mark Davis may have to follow through on his promise to move the team to Las Vegas. Following a designated public forum at the state capitol on Tuesday, the Nevada Senate voted 16-5 in approval of a $1.4 billion public funding package to build the Raiders a new home stadium and convention center in Las Vegas.

The total estimated cost of the stadium is $1.9 billion, $750 million of which was unanimously approved in a Nevada oversight committee last month. The plan assumes that the approved $750 million will be raised through an increase in hotel tax at the Las Vegas Sands.

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