Listen Online - Listen on Mobile Radio.com | Mobile App Info

Tax Increase Yields $4.6M for Vegas Stadium in First Month

LAS VEGAS (AP) — Taxpayers contributed more than $4.6 million for an NFL stadium in Las Vegas during March, when an increase on area hotel taxes went into effect to cover the state’s share of the project.

Preliminary figures provided local officials show the monthly tax collections for the stadium that the Oakland Raiders want to call home are above what officials had projected.

The tax increase approved by the Nevada Legislature last year is expected to eventually fund $750 million of the $1.9 billion project. The board overseeing the proposed 65,000-seat stadium expects the tax hike to bring in $14.8 million by the end of June. That’s $3.7 million a month.

Tourists are paying about $1.50 more per night on their hotel bill for an average-priced room on the Las Vegas Strip.

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