The Vegas NFL stadium project that billionaire Sheldon Adelson bailed on in late January has found a new backer in Bank of America.
The financial institution has reportedly decided to cover the a huge selection of millions of dollars in outstanding funding to make sure the $1.9 billion, 65,000-seat domed stadium has the capital to move forward.
The Oakland Raiders have one of many best fan bases in pro football, however the team seems most likely to Nevada after the Vegas NFL stadium discovered new financing.
Oakland Raiders owner Mark Davis is trying to move his professional football franchise to Sin City, but he needs three-fourths of their support, he must have an adequate stadium plan in place before he can make his case to the NFL’s owners, which.
The odds 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 Las Vegas Sands tycoon.
Nevada has decided 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 what observers that are many a ‘legacy project’ for the Venetian and Palazzo owner.
Details of Bank of America’s involvement weren Continue reading “Vegas NFL Stadium Bankrolled by Bank of America, as Mark Davis Continues Efforts Minus Sheldon Adelson”