The Las Vegas NFL stadium project that billionaire Sheldon Adelson bailed on in late January has found a backer that is new Bank of America.
The financial institution has apparently consented to cover the hundreds of an incredible number of dollars in outstanding capital to make sure the $1.9 billion, 65,000-seat domed stadium has the capital to move forward.
The Oakland Raiders have one of the best fan bases in pro football, however the group seems likely to Nevada after the Las Vegas NFL stadium discovered new financing.
Oakland Raiders owner Mark Davis is wanting to move his professional soccer franchise to Sin City, but he needs three-fourths of their support, he must have an adequate stadium plan in place before he can make his case to the NFL’s owners, which.
The odds of bringing pro football to the Mojave Desert experienced a significant setback when Adelson exited the venture after he felt Davis went behind his back in presenting a lease agreement to the city that relocated forward with or without the vegas Sands tycoon.
Nevada has consented to fund $750 million of the $1.9 billion build through hotel occupancy taxes generated in Clark County. Davis has pledged $500 million, and Adelson had originally committed $650 million in just what observers that are many a ‘legacy project’ for the Venetian and Palazzo owner.
Details of Bank of America’s involvement w Continue reading Las Vegas NFL Stadium Bankrolled by Bank of America, as Mark Davis Continues Efforts Minus Sheldon Adelson