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Committee Recommends $750M In Public Money Be Used For NFL Stadium

An oversight committee is recommending Nevada put $750 million in public money toward an NFL stadium for the Raiders in Las Vegas.

The approval Thursday from the Southern Nevada Tourism Infrastructure Committee is a major victory for the plan, which still needs approval from the governor and Legislature.

Stadium proponents including the Las Vegas Sands want to raise the hotel tax for a venue that's estimated to cost $1.9 billion. They don't want to return any profits to the public because they say they'll make little or no money on the 65,000-seat stadium.

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Proponents want state lawmakers to meet and approve the deal as soon as possible so they can pitch it to NFL owners. Three-quarters of owners must approve of any team relocation.

They're expected to meet in January.

How is Las Vegas' healthcare system really doing, and what does it mean for you and your family? Desert Companion's Health Issue takes a deep dive into these questions and explores how heart-centered business leaders prove that doing good benefits the bottom line.