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Possible vote on proposed NFL Las Vegas stadium today

Posted at 7:22 AM, Sep 15, 2016
and last updated 2016-09-15 10:22:56-04

LAS VEGAS (KTNV) - The possibility of a NFL stadium in Las Vegas will be up for discussion again on Thursday and there could be a vote on the next step.

The stadium committee is meeting and there could be some sort of decision coming.

The committee members will be looking at three key points that are holding up the deal.

The biggest is whether there will be a 39 percent limit on the public's contribution to the cost of a 65,000-seat stadium.

Developers say they will not agree to that because they need $750 million in public funding from the increased room tax.
 
Right now, that makes up about 39 percent of the projected $1.9 billion cost.

The committee is also asking for revenue sharing as part of the proposal.

Another addition to the deal is a potential exemption for new or expanded ticket taxes for the stadium operator.

And finally, the committee will consider a request from Mayor Carolyn Goodman that the City of Las Vegas has a representative on the stadium authority.

If they vote in favor of a deal today, the proposal would then head to Gov. Sandoval. He would then decide if and when to call a special session of the legislature to finalize the deal.

Developers say they need a decision soon to make a proposal to the NFL to move the Oakland Raiders to Las Vegas.

Even if lawmakers approve a new stadium, the Raiders would still need the approval of three fourths of the NFL team owners to move to Las Vegas. The NFL vote would most likely happen when the owners meet in January.

Dallas Cowboys owner Jerry Jones and New England Patriots owner Robert Kraft have also both expressed interest in Las Vegas as a possible NFL venue.

Under the current proposal, if the stadium is approved and the Raiders back out, a smaller stadium would be build for UNLV football.