PHEONIX – It’s official! The Raiders are coming to Nevada. Thirty-one of the NFL owners voted Monday to approve the Raiders’ move to Las Vegas. According to ESPN, Miami was the only no vote.
Before the big vote in Phoenix, the Raiders gave a presentation to NFL owners on its proposed move to Las Vegas.
To move the team, the Raiders owner Mark Davis had to get 24 of the 32 NFL owner votes. Davis’ closest ally, Cowboys owner Jerry Jones, had been the Raiders’ most effective salesman.
The Raiders’ move to Las Vegas came with the promise of a brand new stadium.
On Sept. 15, 2016, an oversight committee voted in favor of spending $750 million in public money to help pay for a Las Vegas NFL stadium. Las Vegas hotel room tax revenues are slated to pay the $750 million toward construction.
Originally, casino magnate and billionaire Sheldon Adelson pledged to $650 million to the project, but in February 2017 he withdrew it.
Earlier this month, Bank of America filled the void left by Adelson in the stadium project’s financing for the proposed $1.7 billion, 65,000-seat domed stadium.
The Raiders are expected to pay the remaining $500 million.
Oakland Mayor Libby Schaaf and a group trying to keep the team in Oakland, made a last-ditch presentation for a new stadium to the NFL last week, but the letter was “filled with uncertainty,” according to Commissioner Roger Goodell.
Leaving the Bay Area is not something new with the Raiders, who played in Los Angeles from 1982-94 before heading back to Oakland. Davis was also passed over last year in an attempt to move to a stadium in the LA area that would have been jointly financed with the Chargers. But the owners did not approve that plan.
The Raiders are the third NFL franchise move in just over a year. The Rams played last season in Los Angeles after switching from St. Louis. Earlier this year, the Chargers moved from San Diego to L.A., although they will play in a soccer stadium until the $2.6 billion facility they will share with the Rams is ready in 2019. The Rams are playing in the Los Angeles Coliseum until then.
The Raiders are set to become the second pro franchise in Las Vegas, following the NHL’s Golden Knights, who begin play in the fall in an already-built arena.
The Raiders could spend the next two or even three seasons in the Bay Area before the team’s stadium in Las Vegas is even ready.
By: Nikki Bowers
March 27, 2017 by Shannon Barton in Blog.