Author Topic: Las Vegas stadium proposal could cost taxpayers record $750 million  (Read 475 times)

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geronl

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https://www.yahoo.com/sports/blogs/nfl-shutdown-corner/las-vegas-stadium-proposal-could-cost-taxpayers-record--750-million-183902682.html

Las Vegas stadium proposal could cost taxpayers record $750 million

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In our opinion, Seattle Seahawks cornerback Richard Sherman had it right earlier this month when he told a Seattle radio station the NFL's billionaire owners should pay for new stadiums out of their own pockets, instead of making taxpayers foot the bill, affecting the ability to handle more pressing municipal needs.

But Sherman's message apparently hasn't made it to Las Vegas.

Billionaire Sheldon Adelson, the 15th richest person in America with an estimated net worth of $26 billion, has proposed that Las Vegas build a domed stadium to woo the Oakland Raiders to Sin City. Under Adelson's plan, the building would be funded using $750 million in municipal bonds.

That's a staggering number.

Taxpayers should not be funding this stuff.