Bank of America to Finance Raiders’ Las Vegas Stadium

NFL owners could vote on a possible Oakland Raiders move to Las Vegaas March 26-29 at their meetings in Phoenix, AZ. Finding the final $650 million to complete the deal is a crucial component, but it appears the money has been found to pave the way for the Raiders to move to Las Vegas, perhaps as soon as next season.

By JOSH DUBOW, AP Sports Writer

ALAMEDA, Calif. (AP) — The Oakland Raiders have told the NFL they have found a new partner to finance their proposed stadium in Las Vegas: Bank of America.

A person familiar with the Raiders’ plans said Monday the team presented the new proposal with financing backed by Bank of America to the NFL’s stadium and finance committees. The person spoke on condition of anonymity because the plan was not made public.

The Raiders had been seeking a new partner for the proposed $1.9 billion, 65,000-seat domed stadium after casino magnate Sheldon Adelson withdrew a $650 million pledge last month.

READ MORE HERE

About ronfutrell 644 Articles

33 years covering sports, news and entertainment in Las Vegas.