With The First Pick
Fansided

Oakland Raiders Misconceptions

By Carl Cockerham

May 11, 2016; Las Vegas, NV, USA; General view of Oakland Raiders helmet at the "Welcome to Fabulous Las Vegas" sign on the Las Vegas strip on Las Vegas Blvd. Raiders owner Mark Davis (not pictured) has pledged $500 million toward building a 65,000-seat domed stadium in Las Vegas at a total cost of $1.4 billion. NFL commissioner Roger Goodell (not pictured) said Davis can explore his options in Las Vegas but would require 24 of 32 owners to approve the move. Mandatory Credit: Kirby Lee-USA TODAY Sports
May 11, 2016; Las Vegas, NV, USA; General view of Oakland Raiders helmet at the "Welcome to Fabulous Las Vegas" sign on the Las Vegas strip on Las Vegas Blvd. Raiders owner Mark Davis (not pictured) has pledged $500 million toward building a 65,000-seat domed stadium in Las Vegas at a total cost of $1.4 billion. NFL commissioner Roger Goodell (not pictured) said Davis can explore his options in Las Vegas but would require 24 of 32 owners to approve the move. Mandatory Credit: Kirby Lee-USA TODAY Sports /
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Jan 5, 2016; Las Vegas, NV, USA; Workers set up at Jasco exhibit space prior to the official opening of the 2016 Consumer Electronics Show at the Las Vegas Convention Center. Mandatory Credit: Jack Gruber-USA TODAY NETWORK
Jan 5, 2016; Las Vegas, NV, USA; Workers set up at Jasco exhibit space prior to the official opening of the 2016 Consumer Electronics Show at the Las Vegas Convention Center. Mandatory Credit: Jack Gruber-USA TODAY NETWORK /

Las Vegas Convention Center

Many are all excited about the $1.4 billion stadium the Raiders are supposed to get in Las Vegas. Of that $1.4 billion, $750 million is supposed to come from a hotel tax, $500 million from Davis and the rest from Sheldon Adelson, owner of The Sands Hotels.

But there are a couple of huge problems with this hope, not plan, getting off the ground. No. 1, $1.4 billion is already up on the ballot to renovate & expand the Las Vegas Convention Center. That’s $1.4 billion coming from the same hotel tax Adelson is trying to intercept for the stadium.

Adelson’s real intention is to stop the expansion so his hotels don’t have the competition it brings. But the Convention Center expansion is long-awaited and aimed at attracting bigger trade shows. So the Las Vegas Convention & Visitors Authority is nearly unanimously in support of it.

As those familiar with Las Vegas know, business travel is a big part of Las Vegas’ bread & butter. The Las Vegas Convention Center already draws in some six million business travelers per year. So we can forget about the city choosing eight times 65,000 people over that.

Next: Davis Only Have $500 Million

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