As expected, the SNTIC panel will recommend funding the the proposed Las Vegas stadium that would be home to the Raiders. Right off the top, I'll point out that this doesn't mean the Raiders are moving. It's the next step that had to happen along the way.
Without going into all the boring details of the proposal, the plan that passed asked for $750 million in public funding to be paid by a .1% increase in hotel taxes.Up to $650 million would come from private contribution, including that of Las Vegas Sands which is headed by Sheldon Adelson.
The next step is for the plan to be seen by Nevada governor Brian Sandoval who is being asked to call for a special session.
Again, #SNTIC will recommend $750 million pub funding, no pub contribution cap, language added on $650 million private contribution @News3LV— Jeff Gillan (@jgillanNews3LV) September 15, 2016
They pass alternative A, not recommending to exempt from new or expanded taxes @News3LV— Jeff Gillan (@jgillanNews3LV) September 15, 2016
Committee recommends stadium plan unanimously. Off to governor.— Michelle Rindels (@RindelsAP) September 15, 2016
Next steps: Gov needs to call on Nevada lawmakers so developers have time to make @RAIDERS relocation case to NFL. @News3LV #LasVegas— Nathan O'Neal (@NateNews3LV) September 15, 2016
Mayor Goodman on presenting stadium plan to #nvleg: "Good luck up north .... this has just been practice."— Michelle Rindels (@RindelsAP) September 15, 2016