Mark Davis - Oakland Raiders Owner Doesn't Have $500 Million For Las Vegas Stadium

Mark Davis - Oakland Raiders Owner Doesn't Have $500 Million For Las Vegas Stadium - Video

Last year Oakland Raiders Owner Mark Davis said he has $500 million he can put toward a new stadium at Coliseum City. Well, isn't it interesting that he just happens to have the same $500 million for Las Vegas? What with all of the NFL Draft player spending and all? Folks, Mark Davis does not have $500 million in cash laying around at all. That is the total amount in amortized stadium revenue from club seats and luxury suites he is willing to part with over a period of years - generally about 49 years. That is money that would be used on a lease revenue bond issue. But it's only one third of what he needs in Las Vegas - he wants the rest to come from the government and that is based on tourism estimates that are dangerous to count on. Stay tuned.
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