The Raiders recently lost a significant portion of their financing for a Las Vegas stadium proposal. They’ve reportedly got it back.
The club informed the NFL stadium and finance committees that it received a financing commitment from Bank of America on the proposed $1.9 billion project, a league source told CSN Bay Area on Monday.
The Raiders’ relocation prospects looked glum last month, with billionaire casino magnate Sheldon Adelson removed his $650 million commitment to the stadium project after struggling to secure a proper business deal with the Raiders.
Investment firm Goldman Sachs backed out of the deal the following day, creating a huge funding gap in a stadium proposal aimed at getting the Raiders out of Oakland.