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Nevada lawmakers back Sheldon Adelson’s stadium proposal

Nevada’s funding is contingent on the Raiders moving to Las Vegas from their current home in Oakland, Calif. Above, quarterback Derek Carr celebrates a touchdown in last week’s game. /PHOTO: GETTY IMAGES
Nevada’s funding is contingent on the Raiders moving to Las Vegas from their current home in Oakland, Calif. Above, quarterback Derek Carr celebrates a touchdown in last week’s game. /PHOTO: GETTY IMAGES

State to use $750 million from a raised room tax to help fund $1.9 billion stadium

By Allexandra Berzon | The Wall Street Journal

The Nevada legislature on Friday voted to provide public funding for a stadium that billionaire casino mogul Sheldon Adelson wants to build for the National Football League’s Oakland Raiders.

The bill, passed in a special legislative session called by the governor, would provide $750 million of money from raising a room tax in Las Vegas. Combined with money from Mr. Adelson and the Raiders, it would fund a $1.9 billion stadium.

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