Are Rates at Vegas Hotels Rising to Pay for Local NFL Stadium?

The proposal to bring an NFL stadium to Las Vegas is no surprise; however, the fact that some of the funding for this $1.9 billion project is expected to come from the public may be shocking to some. In March 2016, the Southern Nevada Tourism Infrastructure Committee proposed a plan to bring a NFL stadium near the Las Vegas Strip. The proposal initially suggested that over $700 million for the project come from public funding. As a result, the committee recently voted in favor…
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Growing Pains: Las Vegas NFL Stadium Proposal Unveiled, Met with Some Opposition

On Thursday, March 24, 2016, University of Nevada at Las Vegas representatives and executives at the Las Vegas Sands Corporation unveiled a proposal to the Southern Nevada Tourism Infrastructure Committee to build a $1.3 billion NFL-team-ready football stadium near the Las Vegas strip. The SNTIC oversees the investment of state and local finances into city infrastructure. Based on a previous statement made by Sands, the project might seek approximately $780 million in public funding. Although two major event facilities already exist in Las Vegas –…
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