Raiders proposed Las Vegas stadium Release slideshow” Related content The two trickiest contracts left for the Las Vegas Stadium Authority to negotiate before the Raiders break ground later this year do not appear on Thursday’s board conference program. Neither the UNLV joint-use arrangement nor the community advantages contract appear on a prolonged schedule for the board’s very first gathering given that mid-July. The UNLV file warranted a brief status upgrade at that last Stadium Authority board meeting, while public comment on the neighborhood advantages contract extended more than an hour after more than 1,000 task hunters were duped into showing up to the conference trying to find a non-existent job fair. UNLV and the Raiders must agree on how they will share the 65,000-seat stadium as needed by Senate Bill 1, the public financing legislation authorized last fall that authorizes $750 million in tax cash for the$ 1.9 billion stadium. The Sun reported last month that the Raiders desire UNLV to help reduce their dire stadium parking situation by enabling the team to utilize more than 7,000 university parking spaces for video game days and other significant events. The Raiders also looked for control of luxury suite and club seat sales for Rebels football video games. The group wished to package UNLV games with its own, then repay the university for suite sales at the price of
a club seat. After receiving the Raiders initial proposal, UNLV officials responded by employing effective New York-based sports law practice Herrick and among their leading lawyer, Daniel Etna, at an expense of approximately $745 per hour. Negotiations between the Raiders and UNLV
continue, but have not progressed to the point of returning prior to the board. The neighborhood advantages agreement appears further behind schedule. State Sen.Aaron Ford– the state legislative point man on the issue– said earlier this month that he continues to go over the agreement with Raiders authorities, but board chairman Steve Hill does not prepare for
significant movement on that document at the minute. Within the requirements of that arrangement is language mandating the production of a committee to oversee its execution. That committee has actually not yet been formed. Hill stated recently he expects both topics to return for the Sept. 14 meeting. Two self-imposed due dates create pressure on the Raiders, UNLV and the arena authority if that timeline holds. Hill recognized October as the latest point at which the board could approve any of the dozen files required by law.
While that due date likely includes a modicum of versatility, the 31-month stadium building contains little room for hold-ups to be all set for the first Raiders game in August 2020. The board authorized in May the Raiders 30-year lease vfor the stadium and it will get status updates on the individual seat license agreement and another procedural agreement at Thursday’s conference. The second due date appears in Hill’s dedication to board members
earlier this year that he would not ask to vote on any document they did not have a chance to evaluate well prior to it appears on an agenda. That indicates any contract will have to be finished well in advance of the conference
where it gets a vote. The board will hear a stadium status check from Raiders officials at the conference, in addition to a presentation from Bank of America agents on arena financing. Bank of America agreed in February to provide $650 million toward arena construction to the Raiders after local gambling establishment mogul Sheldon Adelson withdrew his
monetary commitment to the project days earlier. Bank authorities regularly decrease requests to talk about the stadium, so Thursday will offer an unusual take a look at their involvement. The meeting starts at 1 p.m. Thursday and can be streamed through the stadium authority site.