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Wednesday, June 15, 2016

Oakland Raiders Las Vegas NFL Stadium Plan Hides Revenue From SNTIC - Part 2

Oakland Raiders Las Vegas NFL Stadium Plan Hides Revenue From SNTIC - Part 2 - Video

As a follow up to my first video, the SNTIC document posts sources and uses for the Oakland Raiders Las Vegas Stadium only for for categories. The entry on page 4 only lists public funding, PSLs, NFL G4, Raiders Contribution, and Las Vegas Sands. But it does not list luxury suites or naming rights or parking revenues to total $1.4 billion. That is wrong. The back pages do not break out the total multiyear revenues for luxury boxes over a 30 or 40 year period. So we always has the same problem. Plus, there is no place where the estimates would be used to lower the $750 million public funding ask. In closing the SNTIC will not recommend $750 million. As I have said before they will recommend a stadium but not at that high a public price. I have also shared my stadium spreadsheet with the SNTIC as of today, as a way of providing some help. Stay tuned.
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