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Casino magnate Sheldon Adelson wants to build a Las Vegas stadium for the Raiders

Sheldon Adelson, the billionaire owner of the Las Vegas Sands casino company wants to help build a domed stadium on the Nevada Las Vegas campus and will meet with the owner of the Oakland Raiders, company officials said Thursday.

Sands spokesman Ron Reese said the casino company envisions a public-private partnership to build a $1 billion, 65,000-seat stadium that could be shared by a professional team and UNLV. The Sands would probably partner with other investors and might seek to draw on public revenue sources, such as hotel room tax revenue earmarked for promoting tourism.

The Raiders have no lease for a stadium for next season after NFL owners earlier this month shot down their plans to move to the Los Angeles area. The team is negotiating a short-term extension with officials in Oakland and Alameda County but is also looking for a permanent new home to replace the outdated O.co Coliseum.

Adelson has scheduled a Friday meeting with Raiders owner Mark Davis. Reese didn't elaborate on the nature of their discussions and the Raiders declined comment.

UNLV officials sounded an optimistic tone about a potential partnership, but noted that nothing was final. The school recently purchased 42 acres near the urban campus and close to the Las Vegas Strip. UNLV has longed to build a stadium closer to campus than where the Rebels now play at Sam Boyd Stadium, nearly nine miles away.

Copyright © 2016, Los Angeles Times
A version of this article appeared in print on January 29, 2016, in the Sports section of the Los Angeles Times with the headline "Adelson wants to bring Raiders to Vegas" — Today's paperToday's paper | Subscribe
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