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New Las Vegas Stadium Project Cost: $1.8 Billion

Las Vegas Stadium rendering

The guaranteed maximum price for a new Las Vegas Stadium for the relocating Oakland Raiders is $1.8 billion, according to the latest figures. 

In planning for the new Las Vegas Stadium, officials have been working to pin down a firm cost estimate for the project. Previous figures have largely accounted for a $1.9 billion project, but that included $100 million for a team practice facility. According to documents released by the Las Vegas Stadium Authority on Wednesday, the guaranteed maximum price for the project is now $1.8 billion, with $1.39 billion expected to cover the stadium’s construction cost.

This comes as officials work to finalize some documents relating to the stadium. More from The Las Vegas Sun:

Construction of the stadium makes up the biggest chunk of the stadium costs at $1.39 billion. Documents show the stadium is expected to be completed by Aug. 1, 2020.

The stadium builders, McCarthy Building Cos. and Mortenson Construction, and the Raiders will present the price Thursday to the authority.

Thursday’s meeting is expected to yield finalized stadium documents to send to the NFL owners meeting that runs Sunday through March 28.

The stadium authority is expected to meet March 28, when it will ask the county to issue construction bonds for the project. The Clark County Commission next meets April 3, when it can consider the issuance of bonds.

The Raiders are expected to move into the new Las Vegas Stadium in time for the 2020 season. The new stadium will host the team’s home games, while the Raiders’ practice facility and team headquarters slated to be located in nearby Henderson.

Rendering courtesy MANICA Architecture. 

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