ALAMEDA, Calif. — The Raiders told the NFL on Monday they have a new partner to finance their proposed stadium in Las Vegas: Bank of America.
According to reports, the team presented the new proposal with financing backed by Bank of America to the NFL's stadium and finance committees. The plan was not made public.
The Raiders had been seeking a new partner for the proposed $1.9 billion, 65,000-seat domed stadium after casino magnate Sheldon Adelson withdrew a $650 million pledge last month.
The state of Nevada has committed $750 million to the project, while the team and NFL would pay the remaining $500 million if three-quarters of the league's owners approve a move.