Watch CBS News

Vegas Stadium Backers Down To 2 Top Sites For Raiders

LAS VEGAS (AP) - Proponents of an NFL stadium in Las Vegas say they've narrowed their list to two potential sites and are unwilling to accept any less than $750 million in public funding toward the project, which they hope will provide a new home for the Raiders.

Representatives from Majestic Realty and the Las Vegas Sands casino company updated an oversight committee Thursday on their effort to reach a deal to lure the Raiders from Oakland.

Developers estimate that a 65,000-seat domed stadium near Interstate 15 and the Las Vegas Strip will cost $1.9 billion, and they want to use hotel tax revenue to help pay for it.

They want Nevada lawmakers to approve the deal in a special session in September so they can present their proposal to NFL owners in January. Three-quarters of the owners must approve any team relocation.

___

AP NFL website: www.pro32.ap.org and http://twitter.com/AP_NFL

 

Copyright 2016 The Associated Press.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.