Pretty hilarious misuse of the word "gambling" in The Guardian's headline. The word they're looking for is "FREEROLLING."

https://www.theguardian.com/us-news/...ampaign=buffer

Stadium is for public good.

The taxpayers will benefit from this.

The are proposing this be paid for with a hotel tax. So tourist would be paying it. Not sure why anyone that lives in Vegas would oppose it.

Pretty sure op is clueless on this situation. He may be the new chainsaw


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No... Did you click on the article? It speaks of Adelson wanting to "gamble taxpayer money" on a new stadium. As guys like him would stand to greatly benefit without any actual risk, I was commenting that he's actually looking for a freeroll. Didn't think I'd have to explain the term on 2+2, of all places.

Why does Adelson give a **** about football all of a sudden?
Money was originally scheduled to be used for convention space in the old Riviera site. But that would compete with Adelson's primary LV business.

Sounds like you nailed it.

Because Nevada is last in the nation in education and people want more public money to go to schools.

The other problem is this: They're estimating $750m in taxpayer money, assuming that Adelson throws in X, Davis throws in Y, and the NFL funds ($300m) will help supplement the building of a new stadium. And it's true. The NFL has a fund set aside for a team to build a new stadium. The problem is that this fund has never ever ever ever ever ever EVER been used to relocate a team. It's always to keep them in place.

Also, the stadium isn't going to be across from the airport/next to UNLV. They're going to have to buy more land, and the sites they're looking at are all owned by other places (MGM, Stations, etc). It's probably going to cost more like $2.1bn with taxpayers covering about 70% of that.

I'm an insane and unhinged sports fan. I love the idea of us getting an NFL team. But not like this.

Too bad with or without the stadium zero money will be funded towards the public schooling system in NV if they gave a damn something would have been done long ago.

With tourist being expected to pick up the tab through increased room rates(which they will) the public wont have the leverage to demand they give back to the local community in some way.

It would be bitter sweet, but if all things stayed equal either way then I welcome the stadium.

CCSD does not need more money. all the little dummies already have ipads and smartboards. money is much much better spent on a stadium.

LOL, no. Are there still people who believe this?

Recent research has shown that using taxpayer money to build stadiums only benefits a very small percentage of citizens, and it's not the general public. The biggest benefactors of these deals are big businesses/team owners all at the cost of the citizens.

Because $750m collected in hotel taxes could be spent on anything, and NV has far more pressing needs than building a stadium for a billionaire who could easily build it himself.

This is the swindle that happens everywhere- municipalities bend over and give NFL/MLB/NBA whatever they want because they very wrongly believe that having a fancy new stadium will be an economic driver, or because they just want a fancy new stadium. They tell the public it will only cost bonds (and people don't know what bonds actually are), hotel tax, car rental tax, etc, when all of those things are simply giant subsidies for the billionaire making the money off the stadium. Make no mistake- Sheldon Adelson is the big winner in this scenario, nobody else.

If you want to see more examples of the extreme ****ing-over of taxpayers, go take a look at what the Atlanta Braves are up to.

While I agree with you, let me point out that there's a huge difference between a MLB stadium that hosts 81 games a year and an NFL stadium that hosts 8.

Actually Eco the big winner(s) would be Sheldon AND Mark Davis who not only gets a shiny new stadium and a new, bigger market to cash in on - his team value instantly goes from last in the league to one of the top 5 in the league. The Raiders make an incredible amount of money on merchandise and team licensing but are clobbered by the rest of the league because of their horrid stadium and it's terrabad lease deal with the county of Alameda.

Also this would of never gotten this far if Al Davis was still alive he would of pissed off the local officials and sued Sheldon twice in two different jurisdictions by now.

I'm assuming this is a joke. Just in case it isn't....

Taxpayers will benefit very little from this. The stadium will sit vacant 320 days +/- a year. The new taxes will go to the investors like the NFL and Adelson to repay their investment. It is nothing more than a loan with a tax guarantee as collateral. Meanwhile, the so-called investors will be the ones that make the money from operations, if such a thing exists.

My wife teaches at a CCSD middle school and those kids have neither. This perk is normally reserved for the poorest schools that receive federal subsidies. Never mind the fact we need a couple of dozen new schools and even more remodels.

Sent in my email to the Governor opposing it.

All teams should be forced to build, maintain, and pay property taxes on the stadiums they use-the notion that anything else is equitable for anyone but the people who need it the least (billionaire owners) is ludicrous.

No idea how you think this is a freeroll it's clear that he will be an investor in the 540 million along with Ed Ropski


There isn't much of a difference here than what we have seen in places like Atlanta NY(mets), Philadelphia , Minnesota. You could read about all this on the field of schemes website

But I understand any time Adelsons name is attached it's the worst thing that has ever happened.


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Cool story, bro. Sorry if I offended you by implying your dad/employer was anything but an upstanding, selfless citizen who sacrifices for the good of the community.

I'm not sure I understand I'm not employed by or related to him unfortunately

Still not sure how you misconstrue that line of text as a freeroll. Need help understanding please.


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Cause if he owned a Stadium that sold out every home game (8 games per year) he could net approximately 20-40 million/game not counting special events the rest of the year.

That seems unreasonable.

The stadium will probably be smaller than 100,000 seats. $20 MM on 100,000 seats would be $200 per seat, $40 MM on 50,000 would be $800 per seat, and that's gross revenue rather than net; a margin of like 10% would mean the average person is dropping $2,000-$8,000 per game?

Don't get me wrong, Adelson making even $1 off a publicly funded stadium is a travesty. But to think he's going to make $250 MM/year off the stadium seems like exaggeration.