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Friday, October 07, 2016

Majestic Out Of Las Vegas Oakland Raiders Stadium Deal Invalidates SNTIC Rec

Majestic Out Of Las Vegas Oakland Raiders Stadium Deal Invalidates SNTIC Rec - Video

Majestic Out Of Las Vegas Oakland Raiders Stadium Deal Invalidates SNTIC Rec Las Vegas Sands Oakland Raiders NFL Stadium Team Loses Credible Developer Majestic During the meetings of the Southern Nevada Tourism and Infrastructure Committee (SNTIC) it was common knowledge that Majestic Realty would be involved in the plan for an NFL stadium for the Oakland Raiders. And presentations to the SNTIC showed that Majestic would put in $150 million. Now as of today, Majestic says its out of the deal and that the stadium is the "legacy" project of Sheldon Adelson. One that Majestic makes clear it wants to be no part of. But it can't just back out without questions. First, where are the assurances that Majestic's planned $150 million contribution will be replaced by Las Vegas Sands and not Clark County? Second, Majestic is the only developer with staff who are experienced in new NFL stadium planning. Who replaces that? Third, as Majestic had a speaking role in the presentations, its departure basically invalidates the SNTIC deal. The SNTIC made its decision based in part on Majestic's participation. Now they are gone.
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