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Originally Posted by NhlNut
The tax is already in place. The money was already earmarked to upgrade the LVCC. (Specifically the Riviera area. Thus the implosion)
Adelson et all are trying to divert it's use.
This isn't entirely accurate. There is already a tax that goes to the LVCVA, but it would increase:
http://vegasinc.com/business/2016/ju...n-las-vegas-c/
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Under the recommendation approved today, the convention center work would be funded by a 0.5 percent increase in the county room tax
As for the opposition from other casino companies mentioned earlier, I think that will happen and probably did say that somewhere. However, Wynn is on board. Him and Adelson go way back and Wynn has put up the golf course as a potential site. Station might jump on board if they think their Tropicana site will get picked. MGM could do the same but I think that Rock in Rio property is unsuitable.
The hotels will see little benefit from a stadium. The occupancy rate is already near 100% on Saturday nights except for maybe between NFR and Christmas where there would presumably only be one home game. We already get a bowl game. It seems doubtful UNLV would draw and significant increase in road teams traveling. Hawaii seems to be the only game that brings any serious level of tourism. A Super Bowl is always a net loss.
The Raiders' goal will be to sell out with season tickets. A majority of teams are able to do this and those that do not only end up with perhaps 10,000 single game tickets at most. That will generate virtually no tourism. It isn't like people from Southern California are going to buy season tickets and drive up 10 weekends a year. For the handful that do, are they going to stay in a hotel? Meanwhile, 40 million tourists pay for a stadium they will never set foot in at casinos that mostly receive no benefit from it.