A key component of the new Las Vegas stadium appears closer to be resolved, as the Oakland Raiders and UNLV have reportedly made significant progress on their joint-use agreement.
Estimated for a 2020 opening, the new Las Vegas stadium is slated to be the home of the Raiders and UNLV football. In order for UNLV to have specific language over its use of the stadium, however, it must come to terms with the Raiders on a joint-use agreement.
The agreement will outline, among other issues, UNLV’s access to the facility, event scheduling, and certain revenue splits. Both sides have been working to complete the final deal, and it appears that they are now closer to achieving that objective. At this point, it is anticipated that the Nevada Board of Regents will be presented with a tentative agreement on January 4, potentially setting up final approval later in January. More from The Las Vegas Review-Journal:
“We had a very successful meeting with (representatives of) the Stadium Authority board and the Raiders, and feel we have come to agreement on all the major issues and we feel we’re at the point that we can take a draft agreement to the Board of Regents for their consideration,” [Nevada System of Higher Education Chancellor Thom] Reilly said on the Joint-use Agreement. “We went through every major open issue.”
Reilly said the only outstanding concern is a minor technical issue involving what system will be used to sell game tickets.
He did not detail how the many issues were resolved, but he added that he’s comfortable enough with the outcome to take the package to the regents.
A draft of the agreement will be made public when the regents see it initially in a special board meeting on Jan. 4. That will give the regents the opportunity to review the document in detail before it is brought to a vote at a Jan. 19 meeting along with with a scheduled strategic planning workshop.
It has been expected that the new stadium will allow UNLV football to replace Sam Boyd Stadium as its home.
Rendering courtesy MANICA Architecture.
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