Its expected to be a big day. Its because a vote could come down on whether to recommend putting 750 million bucks in public money toward an nfl stadium for the raiders in las vegas. The Southern Nevada Tourism Infrastructure Committee Meets this morning and could make a decision. The cost for the stadium is 1point9billion dollars. And just for a breakdown. The raiders will put in 500million. Money. But the big point of contention is that 750million theyre asking from the state and if its not there. The sands are walking from the deal. 750 million or 39 percent of the total cost will have to be raised through a hotel tax. Meaning. Tourists will have to pay 88 cents for every 100 dollars they spend on hotel rooms Steve Sisolak clark fees, admission charges and parking fees, were not paying for this, unless you live in las vegas and have a staycation where you stay at a hotel while living here you dont pay any of that. And why we would not look favorably on tourists coming in building a
Vegas. The Southern Nevada Tourism Infrastructure Committee Meets this morning and could make a decision. The cost for the stadium is 1point9billion dollars. And just for a breakdown. The raiders will put in 500million. 650million will be private money. But the big point of contention is that 750million theyre asking from the state and if its not there. The sand 750 million or 39 percent of the total cost will have to be raised through a hotel tax. Meaning. Tourists will have to pay 88 cents for every 100 dollars they spend on hotel rooms Steve Sisolak clark county commissioner theyre using sales tax, license plate fees, admission charges and parking fees, were not paying for this, unless you live in las vegas and have a staycation where you stay at a hotel while living here you dont pay any of that. And why we would not look favorably on tourists coming in building a new stadium for our the same time attract an nfl team, which is going to attract more tourists, is going to create jobs
Governor sandovals desk. But a special session is needed to approve the framework that will allow the 1point9 billion dollar nfl stadium to be built with 750 Million Dollars in public funding. Which will come from a new room tax. Patrick Walker when do you need to have a special session by to get it to the owners this january . Andy abboud vp, Las Vegas Sands that is going to be up to the governor, weve always made it clear that if we go after the election, it makes it more difficult. Patrick Walker much of the debate in recent weeks has centered around financing and county commissioner Chris Giunchigliani. Whos against publill financing the stadium. Expressed concerns about whos on the hook for the bonds that will be issued to pay for construction. Chris Giunchigliani clark county commissioner Revenue Bonds really make better sense if youre going to do it versus go general obligaion bonds, why youre dumping it on the county instead of at the state level is very frustrating to some of
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