While it wasn’t full of drama or action, the latest Las Vegas Stadium Authority meeting shows the Raiders, UNLV and the project are all moving ahead as planned.
In stark contrast to the recent Las Vegas Stadium Authority (LVSA) meetings where tempers have flared over the Community Benefits Plan (CBP), yesterday’s monthly meeting was full of praise for the Oakland Raiders CBP language changes that added local and minority protection for small businesses. The updated plan also earned kudos for offering an annual job fair throughout the life of the project.
Board Member Ken Evans, of the Urban Chamber of Commerce, who had been critical in the past, even praised it saying, “This is a document that will produce results.”
Nothing but good news and significant progress on all fronts.
Jeremy Aguero, of Applied Analysis, discussed the latest hotel tax summary at the meeting and had great news. Although recent collections have been shorter than expected, mainly due to the October 1st shooting, the tax is still $2.6 million over expectations since its inception last March. He also said that significant progress has been made on all the documents required, and everything is on track for the Board’s legislatively imposed February deadline.
Also the joint use agreement between UNLV and the Oakland Raiders is in its final stages and is expected to be sent to the Nevada Board of Regents for approval earlier next month. Joe Arrigo, local UNLV Radio host for ESPN 1100, and Raider insider, has been reporting all along that there has been no major issues.
UNLV & the Stadium Authority Board will have a lease agreement very soon after the CBP is resolved (which will also be soon). SAB wanted to get CBP done prior to finalizing UNLV lease per sources. There is/was NO ISSUE w/ school, Raiders or SAB…EVER.
— Joe Arrigo (@joearrigo) December 14, 2017
Chairman Steven Hill was also suggesting everything was on track for the February meeting, noting there will be an extra LVSA meeting in January to help facilitate reaching that deadline.
Raiders President Marc Badain said the construction was on schedule and the team was still sticking to its goal of July 2020. Badain also also added that Las Vegas’ bid for the 2019-2020 Super Bowls should be decided by May at the NFL Owner’s Meeting.
As a reminder, the LVSA ceases to function April 18th, 2018.