The Oakland Raiders are ready to pack their bags for Las Vegas, but one private investment company is hoping to convince the storied franchise to stay put in California.
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 using former NFL star and Hall of Fame member Ronnie Lott to preserve the Raiders in the Bay Area. This week, the company resubmitted plans up to a develop a brand new stadium that is 55,000-seat keep owner Mark Davis in town.
The proposal is rumored to cost $1.3 billion, and you will be funded through Fortress putting up $600 million, the NFL and Raiders investing $500 million, and the populous City of Oakland funding $200 million. The pro football league confirmed to media outlets that it had received the submission.
The exact same group formerly presented a similar proposition, but the NFL rejected it on grounds that more information ended up being needed.
Las Vegas Calls Bluff
While there are lots of Las Las vegas locals who are significantly less than enthused about the possibility of an NFL team calling town house, the area government mostly generally seems to support the Oakland Raiders coming to the Mojave Desert.
Nevada has committed $750 million to building a 65,000-seat stadium that is domed steps from the Strip. The cash will include ra Continue reading “Oakland Raiders Get New Stadium Proposal in Bay Area”