Industry News

Raiders face approval delay for Vegas stadium

NFL American football team the Oakland Raiders will have to wait until at least March to find out if it can proceed with a planned new stadium development in Las Vegas after a meeting to approve the project was delayed.

The Las Vegas Stadium Authority had been due to meet today (Thursday) with the intention of approving the plans, but the Las Vegas Review-Journal has reported that this meeting will now be pushed back to March 1.

Jeremy Aguero, principal for Las Vegas-based Applied Analysis, which serves as the authority’s staff, said the decision was made to delay the approval meeting as some of the agreements that were due to be discussed still required legal review by attorneys for both the Raiders and the authority.

Aguero also said that the documents will be reviewed at a regularly scheduled meeting on February 15, ahead of the final expected approval date in March.

Despite not yet receiving final approval for the project, the Raiders, currently based in California but due to relocate to Las Vegas once the new stadium opens, actually broke ground on the stadium in November last year.

The 65,000-capacity, $1.9bn (£1.3bn/€1.5bn) stadium is scheduled to open in 2020.

Image: Las Vegas Stadium