The Raiders are a step closer to moving to Las Vegas after the NFL owners approved the team's lease agreement with the Las Vegas Stadium Authority Tuesday.
According to some officials, this clears one of the biggest hurdles yet in the team’s move to Southern Nevada.
The Las Vegas Sun reports a source confirmed the vote of the owners.
In March, the approval of the stadium lease was the condition of approving the franchise’s move in 2020. The Stadium Authority voted unanimously in favor of the lease last week. The agreement calls for the Raiders to finance their contribution to the 65,000 seat stadium. Their part will be about $650 million, while the rest of the $1.9 billion dollar project will be publicly funded through a hike in room tax rates in Clark County.
