Planning for a new Las Vegas Raiders stadium is moving forward, as officials have approved all agreements and documents for the upcoming facility.
In an action taken on Thursday, the Las Vegas Stadium Authority signed off on the documents and agreements. Last March, the Oakland Raiders received permission from the NFL to relocate to Las Vegas, where a new stadium is expected to open for the team in 2020.
The planning process has been well underway, and took a major step forward with Thursday’s decision by the authority. Approval of the documents and agreements is pending a legal review, but it could be finalized before the NFL owners meetings that are scheduled for late March. More from The Las Vegas Sun:
The approval of the agreements represents significant step toward Clark County issuing construction bonds for the $1.9 billion, 65,000-seat domed stadium.
“It’s really great to get to this point, but there’s some more work to do,” authority Chairman Steve Hill said. “I’m looking forward to being able to sign these documents.”
The agreements had to be in place ahead of NFL committee meetings this month to receive NFL owner comments. Clark County will also conduct a review and flag any problems they have with the documents.
The Raiders and the Stadium Authority will take any recommendations into account and update the agreements so they can be finalized later this month, ahead the NFL owners meeting March 25 to 28 in Orlando, Fla.
Should all of the agreements receive proper approval in the coming weeks, Clark County could issue the first construction bonds early next month.
Rendering courtesy MANICA Architecture.
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