Oakland Raiders headed for Las Vegas

May 26, 2017 by  

The board of the Las Vegas Stadium Authority recently unanimously approved a lease that would enable the Oakland Raiders to become the Las Vegas Raiders.

The lease needed to be approved last week as it still required approval by the National Football League (NFL), which is meeting this week in Chicago. Clark County commission chair, Steve Sisolak, reported that the NFL approved the team’s lease with the Stadium Authority.

The new stadium will cost the Raiders $1.9bn. It will have 65,000 seats and a dome and is expected to open in 2020. It is located on a plot of land, 62 acres in size, west of the Mandalay Bay Resort and Casino and Interstate 15, which the team had purchased.

Owner of the Raiders Mark Davis and team president Marc Badain said they hope to break ground by January 2018, which would enable the timeline of building the new stadium in 30 months to stay on track.

The lease will keep the team in Las Vegas through the 2049 season. After that time, there is an option for the team to sign four five-year extensions to add another 20 years to their home in Las Vegas.

Banner printing companies could create banners to be used at the site to announce the move of the football team to the city and keep residents abreast of the stadium’s progress.