LAS VEGAS STRIP MASS SHOOTING: Latest Updates; How You Can Help

Study: Raiders Hotel Tax Revenues Could Reach $50M in 2018

LAS VEGAS (KXNT) – Projections, graphs, charts and hope are going into assessments of how much money could be made when the Raiders franchise finally gets to Las Vegas.

Though the Raiders will play the upcoming season in Oakland, room tax revenues earmarked for Vegas’ new Raiders stadium could reach the $50 million mark in 2018, part of a proposed budget to be presented to the Las Vegas Stadium Authority Board at Thursday’s meeting.

The increased room tax would cover about $750 million of the domed venue’s nearly $2 billion cost, with the Raiders and other sources making up the difference.

The stadium board will also take up negotiations on the Raiders’ lease. Chairman Steve Hill says it’s about 75 percent complete, and the remaining issues could be resolved by next month. The Raiders are scheduled to move from Oakland to Las Vegas in 2020.

More from Fred Halstied
Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Introducing Your New Podcast Network Play.it
New CBS Local Sports

Listen Live