Clark County Commission Chairman Steve Sisolak announced today the Oakland Raiders have officially filed the paperwork to relocate to Las Vegas.
This is the latest in a series of related efforts to relocate the NFL team to Las Vegas. Nevada lawmakers narrowly approved raising Las Vegas hotel room taxes by 0.88 percent in a special session of the Legislature in October.
Room tax revenue is expected to generate $750 million in bond revenue over the next 30 years, with the rest of the projected $1.9 billion cost covered by the Raiders and the family of Sheldon Adelson.
The Raiders still have to receive a two-thirds approval vote from the rest of the NFL owners.
