Las Vegas Stadium

Las Vegas Stadium
Artist's rendering showing the front of Las Vegas Stadium with the retractable windows and planned Al Davis memorial torch.
Former names Raiders Stadium
(in early renderings)
Address 3333 Al Davis Way
Location Paradise, Nevada
Coordinates 36°05′26.7″N 115°11′01.4″W / 36.090750°N 115.183722°W / 36.090750; -115.183722Coordinates: 36°05′26.7″N 115°11′01.4″W / 36.090750°N 115.183722°W / 36.090750; -115.183722
Public transit Las Vegas Monorail
at Mandalay Bay (proposed)
Owner Las Vegas Stadium Authority
Operator Las Vegas Raiders
Executive suites 100[1]
Capacity Football: 65,000
(expandable to 72,000)
Soccer: 61,000[2]
Acreage 62 acres (25 ha)
Surface Grass (Raiders)
Field Turf (UNLV)
Construction
Broke ground November 13, 2017 (2017-11-13)
Construction cost US$1.8 billion[3]
Architect MANICA Architecture
HNTB
Project manager ICON Venue Group[4]
Structural engineer ARUP[5]
Services engineer Smith Seckman Reid, Inc.[6]
General contractor Mortenson Construction
McCarthy Construction[7]
Tenants
Las Vegas Raiders (NFL) (from 2020)
UNLV Rebels (NCAA) (from 2020)
Las Vegas Bowl (NCAA) (from 2020)
Website
lasvegasstadium.raiders.com

Las Vegas Stadium is the working name for a domed stadium under construction in Paradise, Nevada for the Las Vegas Raiders of the National Football League (NFL) and the UNLV Rebels football team of the University of Nevada, Las Vegas (UNLV). It is located on about 62 acres west of Mandalay Bay at Russell Road and Hacienda Avenue and between Polaris Avenue and Dean Martin Drive, just west of Interstate 15. Construction of the $1.8 billion stadium began in September 2017 and is expected to be completed in time for the 2020 NFL season.

History

2016

In January 2016, reports emerged that Las Vegas Sands was considering developing a stadium in conjunction with Majestic Realty and UNLV, on a 42-acre site on Tropicana Avenue owned by UNLV.[8] UNLV had been in the market for a new stadium to replace Sam Boyd Stadium since at least 2011.[9] Raiders owner Mark Davis visited Las Vegas on January 29 to tour the site and meet with Sands chairman Sheldon Adelson and other local figures.[10] The Raiders, who had been trying to get a new stadium built for the team since the 1980s, had just missed out on relocating to Los Angeles that same month and were at an impasse in Oakland. In order for the team to relocate to Las Vegas, a new stadium was required, since Sam Boyd Stadium was undersized for the NFL and there were no other professional-caliber stadiums in Nevada.

On March 21, 2016, when asked about Las Vegas, Davis said, "I think the Raiders like the Las Vegas plan," and "it's a very very very intriguing and exciting plan." Davis also met with Nevada Governor Brian Sandoval about the stadium plan. On April 1, 2016, Davis met with UNLV officials and toured Sam Boyd Stadium to evaluate whether it could serve as a temporary home for the team.

On April 28, 2016, Davis said he wanted to move the Raiders to Las Vegas and pledged $500 million toward the construction of the proposed $2.4-billion domed stadium.[11][12] "Together we can turn the Silver State into the silver and black state," Davis said.[11][13]

In the spring of 2016, the board of directors of Las Vegas Sands rejected Adelson's stadium proposal. Adelson decided to move ahead with the stadium as an individual investment, pledging $650 million of his personal wealth to the project.[14]

The viability of the Tropicana Avenue site was called into serious question in June 2016, when Southwest Airlines objected to the location because its proximity to the northern end of one of McCarran Airport's runways could negatively affect the safety and capacity of air traffic at the airport.[15] The list of potential locations soon expanded to nine candidates, including the sites of the Wild Wild West casino, the Wynn golf course, the Riviera casino, the Las Vegas Festival Grounds, and Cashman Center.[16] By September, the list was narrowed to two possibilities: the Bali Hai Golf Club, south of Mandalay Bay, and a vacant lot on Russell Road, just west of Interstate 15.[17]

On August 25, 2016, the Raiders filed a trademark application for "Las Vegas Raiders" on the same day renderings of a proposed stadium design were released.[18] On September 15, 2016, the Southern Nevada Tourism Infrastructure Committee unanimously voted to recommend and approve $750 million for the Las Vegas stadium plan.[19]

Majestic Realty revealed in October 2016 that it had withdrawn from the stadium project.[20]

Sandoval called a special session of the Nevada Legislature to consider the stadium and other tourism-related proposals in October 2016.[21] The funding bill for the stadium was approved by a 16–5 vote in the Senate and by 28–13 in the Assembly, and was signed into law by Sandoval on October 17.[22][23][24][25] The bill allowed Clark County to increase its hotel tax to raise the $750 million in funding.[26]

2017

2015 view of the stadium site, adjacent to Mandalay Bay and Interstate 15.

The Raiders filed relocation papers on January 19 to move from Oakland to Las Vegas.[27] On January 26, 2017, the Raiders submitted a proposed lease agreement for the stadium. It was reported that the Raiders had selected the Russell Road site as the stadium location, the team would pay one dollar in rent, and that they could control the naming rights for both the stadium and plaza and in addition keep signage sponsorship revenue.[28]

Days after the Raiders' announced proposal, Adelson dropped out of the stadium project, pulling his proposed $650 million contribution[29] Shortly after this announcement, Goldman Sachs, which had planned to finance part of the project, withdrew as well. As a result, the Raiders were expected to increase their contribution from $500 million to $1.15 billion.[30]

On March 6, the Raiders revealed Bank of America would lend $650 million to replace the Adelson portion of the funding.[31]

NFL owners voted to approve the move by a margin of 31 to 1 on March 27.[32][33][34] The next day, the Raiders and the Las Vegas Stadium Authority began accepting deposits for season tickets for the new stadium.[35] The Raiders announced that they planned to remain in Oakland until the stadium was complete.

The Raiders closed the purchase of the land for the stadium at the Russell Road site on May 1. The purchase price was reported at $77.5 million.[36] On May 11, it was announced that in a joint venture Mortenson Construction and McCarthy Construction would be the developers for the stadium. Mortenson previously worked on U.S. Bank Stadium in Minneapolis. The stadium authority approved a stadium lease with the Raiders on May 18.[37] The lease was to be for 30 years with four successive extension options of five years each.[38]

On September 18, construction activity began on the stadium site with site preparation.[39] A groundbreaking ceremony was held on November 13.[40][41] The ceremony featured NFL Commissioner Roger Goodell, Raiders owner Mark Davis, his mother Carol Davis, various Raiders legends including Howie Long, Jim Plunkett, Tom Flores, and Ray Guy, Las Vegas and Nevada politicians such as Governor Brian Sandoval, Las Vegas Mayor Carolyn Goodman, Clark County Commissioner Steve Sisolak and stadium authority head Steve Hill. The event was hosted by George Lopez and included other celebrities like Carlos Santana, longtime Vegas icon Wayne Newton, and Howie D. and Nick Carter of the Backstreet Boys. There was also a tribute to the victims of the 2017 Las Vegas shooting that happened nearby with Judith Hill and the Las Vegas House of Blues Gospel Choir performing ‘Rise up’ while 58 beams of light symbolizing the 58 victims were lit.[42]

2018

In January, construction crews began blasting caliche rock with dynamite to excavate and create the stadium bowl.[43] On February 3, the Raiders opened a 7,500-square-foot stadium preview center at Town Square, located a few miles from the stadium site, featuring interactive exhibits and team memorabilia, with plans for simulations of views from individual seats and a large-scale stadium model.[44]

On August 27, Clark County changed the stadium's address from 5617 Dean Martin Drive to 3333 Al Davis Way.[45]

Financing

The budget for development of the stadium is estimated at $1.8 billion. Of this, $78 million was spent to purchase the land, $1.33 billion is estimated to be spent on construction, $123 million on furniture, fixtures, and equipment, $234 million on design and engineering, and $31 million on utilities and infrastructure.[46][47] Some reports gave a budget of $1.9 billion, which also included $100 million to build a separate Raiders practice facility.[48]

The financing for the project is expected to come in the form of $750 million in public funding and $1.1 billion from the Raiders.[49] The public portion of the funding will come from municipal bonds issued by Clark County, backed by the proceeds of a special tax on hotel rooms in the Las Vegas area, which took effect in March 2017.[50] The Raiders' contribution was expected to include a $650 million loan from Bank of America, $200 million from the NFL's stadium loan program, and $300 million from sales of personal seat licenses at the stadium, naming rights for the stadium, and sponsorships.[51]

Local government cannot receive any rent or revenue sharing from the stadium, because such an arrangement would not be compatible with the tax-exempt status of the bonds.[52] Proponents instead argued that the public financing would be justified by increased economic activity and tax revenue related to the stadium.[53] Critics have argued that the economic projections were based on overly optimistic assumptions.[54][55]

A total of $645 million in construction bonds sold out in 90 minutes in April 2018, representing Clark County's contribution to the project beyond room taxes already collected.[56]

Design

For Las Vegas Stadium, Mark Davis retained the same architecture firm, MANICA Architecture, that had designed the previously proposed Carson Stadium near Los Angeles.[57][58] Davis retained much of the look from the Carson stadium because he "fell in love with the overall design of it".[59] The stadium will be a 10 level domed stadium with a clear ETFE roof, silver and black exterior and large retractable curtain-like side windows facing the Las Vegas Strip.[60] The design includes a large torch in one end that will house a flame in honor of Al Davis, the late long-time owner of the Raiders.[61]

Updated renderings released after the relocation vote passed show the stadium with a roll-in natural grass field similar to the one at State Farm Stadium in Glendale, Arizona.[62] In an August 17, 2017 Las Vegas Stadium Authority meeting it was revealed that the stadium will have a designated pickup/drop off loop for ride sharing services such as Uber and Lyft, a first for a stadium in the NFL.

Tenants and events

The stadium will replace Sam Boyd Stadium and will serve as the home of both the Raiders and the UNLV Rebels football program. In addition, it will host the annual Las Vegas Bowl.[63]

Stadium backers project 20 to 25 additional events per year, with plausible possibilities including the Super Bowl, the Pro Bowl, the NFL Draft, the NCAA Final Four, the USA Sevens rugby tournament, the Monster Jam World Finals, boxing matches, Ultimate Fighting Championship events, the Pac-12 Football Championship Game, neutral-site college football games, international soccer matches, concerts, and corporate shows.[64][65][66]

David Beckham visited Las Vegas in 2016 to advocate for the stadium as a possible home for his Major League Soccer expansion team,[67] although he ultimately announced the launch of the team with a stadium in Miami.[68]

The stadium was submitted as a potential site for the 2026 FIFA World Cup, but was later withdrawn from consideration.[69][70]

See also

References

  1. ↑ "Stadium Proposal" (PDF). Southern Nevada Tourism Infrastructure Committee. Retrieved January 20, 2017.
  2. ↑ Gulbransen, Scott (June 24, 2018). "EXCLUSIVE: New Stadium Plans Reveal Super Bowl Configuration". SilverAndBlackToday.com. Retrieved September 11, 2018.
  3. ↑ Akers, Mick (March 21, 2018). "Final cost of Raiders stadium in Las Vegas pegged at $1.8 billion". Las Vegas Sun. Retrieved September 11, 2018.
  4. ↑ "Clark County Stadium Authority Financing Plan Discussion Materials" (PDF). Las Vegas Stadium Authority. August 17, 2017. Retrieved December 15, 2017.
  5. ↑ "Las Vegas Stadium | Procurement Package 1a & 1b" (PDF). July 12, 2017. Retrieved December 15, 2017.
  6. ↑ "Las Vegas Stadium | Procurement Package 2a" (PDF). September 12, 2017. Retrieved December 15, 2017.
  7. ↑ Halter, Nick (May 12, 2017). "Report: Mortenson will build football stadium for Raiders in Las Vegas (slideshow)". Minneapolis–St. Paul Business Journal. Retrieved July 29, 2017.
  8. ↑ Stutz, Howard (January 28, 2016). "Las Vegas Sands proposes $1B domed stadium; Adelson to meet with Raiders owner". Las Vegas Review-Journal. Retrieved March 27, 2017.
  9. ↑ Bleakley, Caroline (February 1, 2011). "Details of New UNLV Stadium Project Released". LasVegasNow.com. KLAS-TV. Retrieved January 14, 2018.
  10. ↑ Bradley, Bill (February 1, 2016). "Raiders owner Mark Davis says 'brand would do well' in Las Vegas". Las Vegas Review-Journal. Retrieved March 27, 2017.
  11. 1 2 "Raiders owner willing to give $20M toward Las Vegas stadium". NFL.com. NFL Enterprises, LLC. Associated Press. April 28, 2016. Retrieved April 30, 2016.
  12. ↑ Gutierrez, Paul (April 28, 2016). "Raiders owner Mark Davis says he wants to move team to Las Vegas". ESPN.com. ESPN. Retrieved April 30, 2016.
  13. ↑ "Oakland Raiders owner willing to spend $500 million to move team to Vegas". Fox News Channel. Associated Press. April 28, 2016. Retrieved April 30, 2016.
  14. ↑ Velotta, Richard N. (August 28, 2016). "Adelson commits personal wealth to back stadium plan". Las Vegas Review-Journal. Retrieved March 27, 2017.
  15. ↑ Rindels, Michelle (July 1, 2016). "Southwest Airlines doesn't want stadium next to airport". Las Vegas Sun. Associated Press. Retrieved March 27, 2017.
  16. ↑ Morris, J.D. (July 15, 2016). "Scouting report: Examining the pros, cons of potential NFL stadium sites". Las Vegas Sun. Retrieved March 27, 2017.
  17. ↑ Valley, Jackie (September 7, 2016). "As Las Vegas' NFL stadium marches toward reality, burning questions remain". Las Vegas Sun. Retrieved March 27, 2017.
  18. ↑ Perez, A.J. (August 25, 2016). "Oakland Raiders file to trademark 'Las Vegas Raiders' name". USA Today. Retrieved August 25, 2016.
  19. ↑ "Stadium plan to lure Raiders to Las Vegas passes vote". NFL.com. NFL Enterprises, LLC. Associated Press. September 15, 2016. Retrieved September 16, 2016.
  20. ↑ Velotta, Richard N. (October 6, 2016). "Majestic Realty bows out of Las Vegas stadium development team". Las Vegas Review-Journal. Retrieved March 27, 2017.
  21. ↑ "Special session kicks off to consider NFL stadium funding". Las Vegas Sun. October 10, 2016. Retrieved January 27, 2017.
  22. ↑ Chereb, Sandra; Whaley, Sean (October 11, 2016). "Raiders stadium project for Las Vegas clears Nevada Senate in 16-5 vote". Las Vegas Review-Journal. Retrieved October 13, 2016.
  23. ↑ "Las Vegas stadium plan gains approval from Nevada Legislature". NFL.com. NFL Enterprises, LLC. Associated Press. October 14, 2016. Retrieved October 14, 2016.
  24. ↑ "Nevada governor signs bill to approve Las Vegas stadium plan". NFL.com. NFL Enterprises, LLC. Associated Press. October 17, 2016. Retrieved October 19, 2016.
  25. ↑ Spousta, Tom (October 17, 2016). "Gov. Brian Sandoval signs Raiders stadium bill — VIDEO". Las Vegas Review-Journal. Retrieved October 19, 2016.
  26. ↑ Hickey, John (November 16, 2016). "Tax increases designed to lure Raiders to Las Vegas go through". San Jose Mercury News. Retrieved April 7, 2018.
  27. ↑ Around the NFL staff (January 19, 2017). "Oakland Raiders file Las Vegas relocation paperwork". NFL.com. NFL Enterprises, LLC. Retrieved January 20, 2017.
  28. ↑ Damien, Levi (January 26, 2017). "Las Vegas stadium proposal details revealed: Raiders get naming rights, one dollar rent, pick preferred site, more". Silver and Black Pride. Retrieved July 29, 2017.
  29. ↑ Velotta, Richard N. (January 30, 2017). "Adelsons withdraw investment from proposed Raiders stadium in Las Vegas". Las Vegas Review-Journal. Retrieved January 30, 2017.
  30. ↑ "Raiders boost Vegas commitment to $1.2 billion, operations, risk". espn.com. ESPN. January 30, 2017. Retrieved January 31, 2017.
  31. ↑ Saraceno, Jon (March 6, 2017). "Raiders' Las Vegas Stadium Gets Boost from Bank of America". Las Vegas Review Journal. Retrieved March 26, 2017.
  32. ↑ Rosenthal, Gregg (March 27, 2017). "NFL team owners approve Raiders' move to Las Vegas". NFL.com. NFL Enterprises, LLC. Retrieved March 27, 2017.
  33. ↑ Raiders Media Relations (March 27, 2017). "Raiders Receive NFL Approval For Las Vegas Relocation". Raiders.com. NFL Enterprises, LLC. Archived from the original on March 28, 2017. Retrieved September 11, 2018.
  34. ↑ Smith, Michael David (March 27, 2017). "Raiders' move to Las Vegas approved". Profootballtalk.com. Retrieved March 27, 2017.
  35. ↑ Gutierrez, Paul (March 28, 2017). "Raiders already taking deposits for season tickets in Las Vegas". ESPN. Retrieved March 29, 2017.
  36. ↑ Velotta, Richard N. (May 1, 2017). "Raiders close purchase on 62-acre stadium site in Las Vegas". Las Vegas Review-Journal. Retrieved July 29, 2017.
  37. ↑ Polacek, Scott (May 18, 2017). "Raiders' Vegas Lease Agreement Unanimously Approved by Stadium Authority Board". Bleacher Report. Retrieved July 29, 2017.
  38. ↑ "Stadium Lease Agreement between Clark County Stadium Authority and [Raiders Stadium Events Company]" (PDF).
  39. ↑ "Construction activity begins at Las Vegas Raiders stadium site – VIDEO". 18 September 2017.
  40. ↑ Velotta, Richard N. (November 13, 2017). "Raiders launch work on Stadium in Las Vegas". Las Vegas Review-Journal. Retrieved September 11, 2018.
  41. ↑ Around The NFL staff. "Raiders break ground on new stadium in Las Vegas". NFL.com. NFL Enterprises, LLC. Retrieved November 13, 2017.
  42. ↑ Damien, Levi (November 13, 2017). "Mark Davis plays ceremonial shovel like guitar, other highlights, quotes, pics from Raiders Las Vegas stadium ground breaking". SilverAndBlackPride.com. Retrieved September 11, 2018.
  43. ↑ Sapienza, Vince (January 5, 2018). "Rock blasting begins on Raiders stadium site". Fox5Vegas.com. KVVU-TV. Retrieved September 11, 2018.
  44. ↑ Akers, Mick (February 3, 2018). "Silver and black history: Stadium preview center in Vegas filled with Raiders memorabilia". Las Vegas Sun. Retrieved September 11, 2018.
  45. ↑ Akers, Mick (August 28, 2018). "Street near Raiders' Las Vegas stadium to be Al Davis Way". Las Vegas Sun. Retrieved September 11, 2018.
  46. ↑ Pro Forma Stadium Project Budget Report (PDF) (Report). Las Vegas Stadium Authority. March 17, 2018. Retrieved April 7, 2018.
  47. ↑ Becker, Jon (May 1, 2017). "Raiders purchase land for new Las Vegas stadium". San Jose Mercury News. Retrieved April 7, 2018.
  48. ↑ Akers, Mick (March 21, 2018). "Final cost of Raiders stadium in Las Vegas pegged at $1.8 billion". Las Vegas Sun. Retrieved April 7, 2018.
  49. ↑ Velotta, Richard N. (March 19, 2018). "Revenue from Las Vegas room taxes surges in January". Las Vegas Review-Journal. Retrieved April 7, 2018.
  50. ↑ Candee, Adam (March 17, 2017). "Room-tax money for NFL stadium starts to flow before Raiders' move finalized". Las Vegas Sun. Retrieved March 27, 2017.
  51. ↑ Candee, Adam (April 7, 2017). "What that $100 Raiders deposit actually gets you". Las Vegas Sun. Retrieved April 7, 2018.
  52. ↑ Velotta, Richard N. (March 7, 2017). "Details of lease agreement between Las Vegas officials, Raiders emerging". Las Vegas Review-Journal. Retrieved March 27, 2017.
  53. ↑ Messerly, Megan; Valley, Jackie (October 5, 2016). "Digging into economic projections tied to a Raiders move to Las Vegas". Las Vegas Sun. Retrieved March 27, 2017.
  54. ↑ Hobson, Will (January 24, 2017). "To lure Raiders, Nevada officials willing to bet big — with public money". The Washington Post. Retrieved March 27, 2017.
  55. ↑ Nocera, Joe (October 21, 2016). "N.F.L. Stadium in Las Vegas May Be an Ego Boost, but Not an Economic One". The New York Times. Retrieved March 27, 2017.
  56. ↑ "All bonds for Las Vegas Raiders stadium sold in 90 minutes". 12 April 2018.
  57. ↑ Nusca, Andrew. "This Is the Stunning $2 Billion Stadium Where the Las Vegas Raiders Will Play". Fortune.com. Retrieved 28 November 2017.
  58. ↑ Schwab, Frank (August 25, 2016). "Raiders apply for 'Las Vegas Raiders' trademark; stadium renderings". Yahoo! Sports. Retrieved August 13, 2017.
  59. ↑ Vic Tafur [@VicTafur] (March 27, 2018). "Davis on taking the new stadium plans from Carson to Las Vegas #Raiders" (Tweet) – via Twitter.
  60. ↑ Velotta, Richard (15 August 2017). "First look at details of new Raiders stadium in Las Vegas may answer questions". Las Vegas Review-Journal.
  61. ↑ "Oakland Raiders pitch a $1.9 billion Las Vegas stadium - Archpaper.com". archpaper.com. Retrieved October 20, 2016.
  62. ↑ Damien, Levi (March 27, 2017). "New video, pics of Raiders Las Vegas stadium renderings". Silver and Black Pride. Retrieved July 29, 2017.
  63. ↑ Bonagura, Kyle (March 31, 2017). "Can Las Vegas become a new destination in college football?". ESPN. Retrieved July 29, 2017.
  64. ↑ Candee, Adam (March 31, 2017). "Beyond the pigskin: What events are needed for stadium's long-term viability". Las Vegas Sun. Retrieved April 17, 2017.
  65. ↑ Weissberg, Brad (March 29, 2017). "Raiders brand, Vegas brand unite". Venues Today. Retrieved April 17, 2017.
  66. ↑ Bonagura, Kyle (March 31, 2017). "Can Las Vegas become a new destination in college football?". ESPN. Retrieved April 7, 2018.
  67. ↑ Straus, Brian (December 12, 2016). "Time ticking on Beckham's Miami MLS team amid deadline, Las Vegas speculation". Sports Illustrated. Retrieved April 17, 2017.
  68. ↑ Madigan, Nick (January 29, 2018). "For David Beckham and M.L.S., a Miami Marriage at Last". Retrieved February 1, 2018.
  69. ↑ Prince, Todd (August 15, 2017). "Las Vegas Raiders stadium considered for 2026 FIFA World Cup". Las Vegas Review-Journal. Retrieved February 1, 2018.
  70. ↑ Velotta, Richard N. (June 14, 2018). "Las Vegas withdrew bid to host 2026 World Cup". Las Vegas Review-Journal. Retrieved June 15, 2018.
Preceded by
Oakland–Alameda County Coliseum		 Home of the
Las Vegas Raiders
2020–future		 Succeeded by
none
Preceded by
Sam Boyd Stadium		 Home of
UNLV Rebels football
2020–future		 Succeeded by
none
Preceded by
Sam Boyd Stadium		 Host of
Las Vegas Bowl
2020–future		 Succeeded by
none
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