The Southern Nevada Tourism Infrastructure Committee met yesterday as planned to discuss Sheldon Adelson’s proposed stadium to bring the Oakland Raiders to Las Vegas, and discussed nine possible stadium sites and holy mother of God:
The estimated price tag has gone up, from an initial $1.4 billion to possibly as much as $2.1 billion. The rise in price would be in part due to land acquisitions, as well as the stadium now being proposed as a retractable dome.
Land acquisition money was expected to be a problem, though not $700 million worth of problem. (Adelson and his partners actually estimated the cost at between $1.7 billion and $2.1 billion, according to the Las Vegas Sun, apparently the only paper whose reporter showed up at the hearing with a notepad.) A retractable roof — which Raiders owner Mark Davis now says he’d prefer — could add up to a large chunk of that cost, though, given how pricey those are to build.
This doesn’t change the estimated public price tag for the stadium, which is holding steady at right around $1 billion, but it does make a $1 billion expenditure seem slightly less exorbitant, maybe, if throwing a billion dollars in taxpayer cash at a $2 billion project sounds less wasteful than throwing a billion dollars at a $1.4 billion project. (There’s no reason it would be, but, you know, anchoring.) Why, you’d almost have to wonder if Adelson and Davis had that in mind when they released their new, bulkier cost estimates … but no, that would be devious and calculating, and billionaire casino owners/political kingmakers and sports team owners would never do a thing like that, right?