Though it has not been finalized, some details are emerging on the development agreement for the new Las Vegas Stadium that will host the relocating Oakland Raiders.
The Raiders are still working to complete several documents relating to their forthcoming new stadium, including a development agreement with Clark County. While local officials will have to consider and eventually approve the final agreement, some details are being reported on what costs the team is expected to cover.
According to a recent report, the Raiders are expected to pay for a variety of projects, some of which relate to access to the stadium and public safety. That includes bridges or underpasses to improve pedestrian access to the stadium site, public safety expenses, and traffic control system upgrades. More from The Las Vegas Sun:
The Raiders will pay nearly $1.4 million for fire safety, first responder radio communications, and traffic control system improvements both on and around the Russell Road stadium site. The team also will bear the cost to construct bridges or underpasses to move pedestrians from the Strip to the stadium without interrupting traffic flow.
What those pedestrian changes will look like remains unclear because the agreement does not answer persistent questions about the stadium’s dearth of on-site parking. Initial project approval by the county in September gave the team a year to produce a plan for the 13,875 of 16,250 parking spaces required by county code that cannot be accommodated within the 62-acre footprint.
The agreement calls for the Raiders — referred to in the document as LV Stadium Events Company, LLC — to work with the county to identify needed pedestrian grade separation systems (PGSS) for moving the bulk of the 65,000 people expected on game day. In simpler terms, PGSS means constructing either pedestrian bridges or underpasses allowing people to walk from nearby parking lots or Strip hotels to the stadium without impeding vehicles on adjacent streets.
Clark County officials are slated to discuss the development agreement at a meeting on January 3, 2018. The Raiders broke ground at the facility’s site in the fall, and are expected to move into the new Las Vegas stadium in time for the 2020 NFL season. The NFL approved the team’s relocation request in March of this year.
Rendering courtesy MANICA Architecture.
RELATED STORIES: Raiders, UNLV Making Progress on Las Vegas Stadium Agreement; Rep. Pushes for Tax-Exempt Bonds for Las Vegas Stadium; Oakland Raiders Increasing Las Vegas Presence; Raiders Break Ground on New Las Vegas Stadium; Las Vegas Stadium Authority to Meet on Thursday; New Las Vegas Stadium Could Be Affected by Tax Reform Bill; Las Vegas Stadium Groundbreaking Slated for November; FAA, Clark County Allow Oakland Raiders’ Las Vegas Stadium Construction to Move Forward; Review Could Delay Raiders’ Las Vegas Stadium Construction; Las Vegas Stadium Financing Details to be Discussed on Thursday; UNLV Hires Law Firm as Negotiations with Raiders Continue; Proposal: Raiders Could Use UNLV Land for Parking; Firm Cost of Las Vegas Stadium Remains Uncertain; Raiders, UNLV Discussing Agreement for Las Vegas Stadium; Study: Las Vegas Stadium Falls Short on Parking Requirement; NFL Signs Off on Raiders’ Las Vegas Stadium Lease; Raiders Wrap up Lease Discussions with Stadium Authority; Timeline: Work on Raiders Las Vegas Stadium to Finish in 2020; Oakland Raiders Close Purchase of Las Vegas Stadium Site; Oakland Raiders’ Lease in Las Vegas a Work in Progress; Raiders’ Las Vegas Stadium Still Slated for 2020 Opening; Tax Hike for Raiders Las Vegas Stadium Closes First Month; Coliseum Lease Under Review; Raiders Seek Stadium Site; NFL Approves Oakland Raiders Move to Las Vegas