Vegas stadium backers down to 2 top sites for Raiders
LAS VEGAS (AP) Proponents of an NFL stadium in Las Vegas say they've narrowed their list to two potential sites and are unwilling to accept any less than $750 million in public funding toward the project, which they hope will provide a new home for the Raiders.
Representatives from Majestic Realty and the Las Vegas Sands casino company updated an oversight committee Thursday on their effort to reach a deal to lure the Raiders from Oakland.
Developers estimate that a 65,000-seat domed stadium near Interstate 15 and the Las Vegas Strip will cost $1.9 billion, and they want to use hotel tax revenue to help pay for it.
They want Nevada lawmakers to approve the deal in a special session in September so they can present their proposal to NFL owners in January. Three-quarters of the owners must approve any team relocation.
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