Nevada Senate Approves Raiders $1.9 Billion Stadium

The Nevada Senate voted 16-5 to approve a stadium funding deal for the Raiders, passing the 14 vote threshold needed to raise taxes to fund the domed stadium. The stadium still needs to be approved by the Nevada General Assembly, which reconvenes on Thursday. The bill would boost the room tax rate by 0.88 of a percentage point to finance $750 million in general obligation bonds over 30 years. Las Vegas Sands Corp. Chairman Sheldon Adelson has pledged $650 million; the Raiders have committed $500 million. So if you want to see the Raiders move to Las Vegas go make a bunch of horrible decisions at the casinos to help fund it!

Read more at cbssports.

BREAKING: State senate votes 16 to 5 to pass stadium dealhttps://t.co/psCmIm9urz

— KSNV News 3 (@News3LV) October 12, 2016

Read More Stories From the IB Wire

.

.