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By Sean Forbes
Oct. 6 — Nevada just moved another yard closer to approving a new domed 65,000-seat National Football League stadium to bring the Oakland Raiders to Las Vegas.
The projects would be a huge boon for construction labor employment in the area. Sean Stewart, chief executive officer of the Nevada Contractors Association, in Las Vegas, told Bloomberg BNA during the long lead-up to the announcement of the special session that for each $1 billion invested in construction projects, about 7,000 to 8,000 construction-related jobs are created.
State legislators will meet in a special session on Oct. 10 to consider raising room taxes in Las Vegas to fund the stadium’s construction, the Las Vegas Convention Center expansion and more police officers in the city area.
Gov. Brian Sandoval (R) announced on Oct. 6 that the legislature would be meeting next week. Lawmakers will be focusing squarely on the construction proposals, Sandoval said.
The Southern Nevada Tourism Infrastructure Committee sent its recommendations for tourism infrastructure development in the Las Vegas area to the governor in September. By unanimous approval, the SNTIC recommended hiking room tax rates to fund the stadium’s construction and convention center expansion. The cost of the stadium is estimated to be about $1.9 billion, the SNTIC said.
Signs that the legislature will approve the measure are already positive. Sandoval supports the measure, and the SNTIC—which the governor convened in 2015 to study whether to bring the Raiders to Las Vegas—includes Carolyn Goodman, mayor of Las Vegas, and executives from Wynn Resorts, Boyd Gaming, Station Casinos, Caesars Entertainment, MGM Resorts International and Las Vegas Sands Corp.
If approved, the stadium would be the second professional sports franchise to move to Las Vegas. The National Hockey League will be expanding to the recently completed T-Mobile arena, adjacent to the MGM Grand. The team’s name, logo, color scheme and uniforms haven’t been revealed yet, but are expected to show up soon, according to NHL.com.
The NFL owners will meet in January, and will be deciding then whether to give the Raiders move a thumbs-up.
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