ORLANDO, Fla. – NFL owners approved the Raiders application to move from Oakland to Las Vegas around this time last year, but it came with conditions.
They obviously had to bring back a viable stadium plan, and explain how they were going to pay for it. That happened Tuesday afternoon at the NFL owners meetings.
Raiders owner Mark Davis said the $1.8-billion project, which includes $750 million in public funds, a substantial Raiders investment and a $200 million G4 loan from the NFL, was approved.
Approval was more of a rubber stamp than anything else. The Raiders have kept the NFL apprised of their stadium plan, from design to financing, over the last year.