This is the video-blog version of the detailed Oakland News Now companion post on this subject. The basic news is that, while construction on the Oakland Raiders and UNLV’s new home progresses, the completion rate is uneven. That written, seeing the shape of the interior form is, in itself, exciting. Even the most aggressive critic of the deal has to appreciate how the stadium is forming, even if it’s behind schedule.
The problems that are the most vexing are the lack of sponsors at this point – still just three founding partners, Cox, Caesar’s Entertainment, and PPG, and no naming rights deal. And the L.A. Rams $400 million SoFi rumored agreement is purely harmful to the Raiders and Legends target of $600 million for Las Vegas Stadium. That’s not happening – for the 42nd largest media market to beat the largest one and the deal’s done by the same firm, Legends? I can’t see that happening.
Then, there’s the still-not-good hotel visitor rates and their potential negative impact on future monthly hotel stadium tax revenues. Fortunately, the Las Vegas Stadium Authority has the Clark County Taxpayer to thank, though it’s a fair bet they’re not happy.
Here’s the rest at Oakland News Now.