The Oakland Raiders are ready to pack their bags for Las Vegas, but one private investment firm is hoping to persuade the storied franchise to stay placed in Ca.
Mark Davis wants to move their Oakland Raiders to Las Vegas, but investors in the Bay Area are hoping he reconsiders.
Fortress Investment Group, a publicly traded investment management firm based in ny City, is working together with former NFL celebrity and Hall of Fame user Ronnie Lott to preserve the Raiders in the Bay Area. This week, the organization resubmitted plans up to a develop a new 55,000-seat arena to keep owner Mark Davis in town.
The proposal is rumored to price $1.3 billion, and you will be funded through Fortress putting up $600 million, the NFL and Raiders investing $500 million, and the City of Oakland funding $200 million. The football that is pro confirmed to media outlets that it had received the submission.
The same group formerly presented a similar proposition, but the NFL rejected it on grounds that more information ended up being required.
Vegas Calls Bluff
While there are many Las Las vegas locals who’re lower than enthused about the possibility of a NFL group calling town home, the local government mainly appears to help the Oakland Raiders coming to the Mojave Desert.
Nevada has committed $750 million to building a 65,000-seat stadium that is domed steps through the Strip. The money shall have raising the hotel occupancy tax in Cl Continue reading “Oakland Raiders Get New Stadium Proposal in Bay Area”