The Raiders continue charging hard for Las Vegas. That’s been the case for almost a full year, with steady progress and commitment toward relocating away from their East Bay home.
The Raiders secured $750 million in public financing from a new tax on Las Vegas area tourists, a revenue stream rubber stamped by Nevada’s governor. They have backing and private investment from casino magnate Sheldon Adelson available if a deal can be reached.
They also told the Las Vegas Stadium Authority board this week they have financing secure on a $1.9 billion stadium project with or without Adelson’s support.
The Raiders believe their stadium deal is ready to go. They believe there is no viable option in Oakland to prevent a big move.
They have long planned to file for relocation this month, though the NFL Network reported Saturday that it will happen. There has been no real doubt this would occur after the 2016 season.
Owner Mark Davis has not wavered in his desire to move the Raiders in 2017.
After relocation papers are filed – that could happen this week -- NFL owners will vote to approve the Raiders application. The team needs 24 votes to move. A vote seems likely to occur at the spring NFL owners meetings in March.
According to the Las Vegas Review Journal, the Raiders are still negotiating with Adelson to secure his financial backing. Losing his support won’t deter the Raiders ultimate goal.
Davis has said he plans to play the next few seasons in Oakland, even if the Raiders are approved for relocation, while the new stadium is being built.