Vegas Stadium Backers Down To 2 Top Sites For Raiders
LAS VEGAS (AP) - Proponents of an NFL stadium in Las Vegas say they've narrowed their list to two potential sites and are unwilling to accept any less than $750 million in public funding toward the project, which they hope will provide a new home for the Raiders.
Representatives from Majestic Realty and the Las Vegas Sands casino company updated an oversight committee Thursday on their effort to reach a deal to lure the Raiders from Oakland.
Developers estimate that a 65,000-seat domed stadium near Interstate 15 and the Las Vegas Strip will cost $1.9 billion, and they want to use hotel tax revenue to help pay for it.
They want Nevada lawmakers to approve the deal in a special session in September so they can present their proposal to NFL owners in January. Three-quarters of the owners must approve any team relocation.
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