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Tourism committee recommends $750M in public money for Raiders stadium

The Raiders took a step closer to building a new stadium in Las Vegas, but Mike Florio explains there is still a long way to go and major decisions to be made.

The push for a stadium for the Raiders in Las Vegas took another step forward on Thursday.

The Southern Nevada Tourism Infrastructure Committee voted unanimously to recommend the proposal to build a stadium for the Raiders and that recommendation will now be sent to Governor Brian Sandoval and the state legislature for the next steps in the process.

The proposal recommended by the SNTIC on Thursday calls for $750 million in public money be used for the construction of the stadium with developers and the Raiders putting up another $650 million. While the proposal calls for $750 million, there is no cap on public contributions to the project -- Alternative B on Decision Point 2 of the draft recommendation -- to ensure it meets the standard of a “premier National Football League facility.”

The panel’s recommendation doesn’t mean that the project will meet legislative approval or that the Raiders will wind up in Vegas if it does, but it’s another step toward making that a real possibility for the future of the franchise.