Raiders: Allegiant Stadium Completion Still On Time

Stadium Still On Track Despite Revenue Sources Drying Up

Mitch Kelly
May 22, 2020 - 5:30 am
An under-construction look at Allegiant Stadium

Ethan Miller/Getty Images

Categories: 

LAS VEGAS, NV (KXNT) - For the first time since the onset of the coronavirus pandemic, the Las Vegas Stadium Authority Board met yesterday, and it was a good news/bad news sort of meeting.

First, the bad: Collections from a hotel room tax that helps pay bonds for the taxpayers’ $750 million share of construction costs for the NFL’s Raiders new home at Allegiant Stadium are expected to be near zero for recent months because of coronavirus-related shutdowns.

Now, the good: Before the closures, the Las Vegas Stadium Authority Board collected tax revenues above expectations and has enough money between that and reserve funds to make bond payments this year and next. the board said Thursday.

The $2 billion stadium is expected to be mostly completed by the end of July.

The first scheduled event at the stadium is an Aug. 22 concert by country music superstar Garth Brooks, with the first football game, a preseason matchup between the Raiders and the Arizona Cardinals, scheduled for Aug. 27th