The Nevada Legislature approved $750 million in public financing for a planned $1.9 billion stadium, with the remainder to be paid by the Raiders and the family fortune of casino magnate Sheldon Adelson. Nevada Governor Brian Sandoval is expected to sign the measure on Monday.
The City of Oakland and Alameda County intend to work up a plan to keep the Raiders that will try to involve the investment group headed by former NFL stars Ronnie Lott and Rodney Peete, reports the San Francisco Chronicle’s Phil Matier and Andy Ross, but such a plan will somehow have to work without the level of public funding promised by the State of Nevada.