Las Vegas wants to attract more tourists, yet it also wishes to be known as more than a flamboyant gambling town. So it is considering a breathtaking $750m bet on a football stadium.
Mark Davis, owner of the NFLs Oakland Raiders, has promised to relocate his team to southern Nevada if the state covers more than half of the $1.4bn construction costs for a top-of-the-line sports dome. It would be the largest taxpayer subsidy ever provided for an NFL stadium. And among the facilitys owners, and a beneficiary of the public subsidy, would be one of the wealthiest men in the world.
Sheldon Adelson the casino mogul worth an estimated $25.1bn has partnered with Davis and Majestic Reality on the proposed development, though they say it cann…
Read the full article at: https://www.theguardian.com/us-news/2016/jul/14/oakland-raiders-las-vegas-stadium-sheldon-adelson-public-funding