The Oakland Raiders are ready to pack their bags for Las Vegas, but one private investment firm is hoping to convince the storied franchise to stay put in California.
Mark Davis desires to move their Oakland Raiders to Las Vegas, but investors in the Bay Area are hoping he reconsiders.
Fortress Investment Group, a publicly exchanged investment management firm based in ny City, is working together with former NFL star and Hall of Fame member Ronnie Lott to preserve the Raiders in the Bay Area. This week, the company resubmitted plans to a build a new 55,000-seat arena to keep owner Mark Davis in town.
The proposal is rumored to cost $1.3 billion, and will also 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 exact same group formerly presented a similar proposal, but the NFL rejected it on grounds that more information had been required.
Las Vegas Calls Bluff
The local government largely seems to support the Oakland Raiders coming to the Mojave Desert while there are plenty of Las Vegas locals who are less than enthused about the possibility of an NFL team calling the town home.
Nevada has committed $750 million to building a 65,000-seat domed stadium simply steps through the Strip. The cash will have raising the hotel occupancy tax in 続きを読む Oakland Raiders Score New Stadium Proposal in Bay Area