VIDEO: Raiders stadium plan in Las Vegas headed for governor’s approval

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(KRON) — A plan to build the Oakland Raiders a stadium in Las Vegas is headed to the Nevada Governor’s desk for approval.

An oversight committee is recommending Nevada put $750 million in public money toward an NFL stadium for the Raiders in Las Vegas.

The approval Thursday from the Southern Nevada Tourism Infrastructure Committee is a major victory for the plan, which still needs approval from the governor and Legislature.

Stadium proponents including the Las Vegas Sands want to raise the hotel tax for a venue that’s estimated to cost $1.9 billion. They don’t want to return any profits to the public because they say they’ll make little or no money on the 65,000-seat stadium.

Proponents want state lawmakers to meet and approve the deal as soon as possible so they can pitch it to NFL owners. Three-quarters of owners must approve of any team relocation.

They’re expected to meet in January.

Mayor Libby Schaff released a statement about the Raiders potential move. Schaff plans on trying to keep the football team in Oakland.

“While Nevada lawmakers consider making the largest public investment in a private stadium deal in history by approving a $750 million public subsidy for a facility in Las Vegas, I will continue to work with the NFL and the Raiders’ designee Larry McNeil to iron out a deal that works for the team, the league, the fans and the taxpayers in Oakland,” Schaff said in a statement.

Here is Schaaf’s full statement:

“We recognize the power and strength of the Raiders’ brand and understand their desire to explore all possible options for the team’s future.”

“As Mayor of Oakland, it’s my job to remain fully focused on what I can do to responsibly keep the team where they belong, here in Oakland. While Nevada lawmakers consider making the largest public investment in a private stadium deal in history by approving a $750 million public subsidy for a facility in Las Vegas, I will continue to work with the NFL and the Raiders’ designee Larry McNeil to iron out a deal that works for the team, the league, the fans and the taxpayers in Oakland.”

“Oakland has a lot to offer to this team and the NFL. The Coliseum site is the most accessible and transit-rich location for professional sports in the country, the Bay Area is a tremendous market for the league both in terms of sports and ancillary development opportunities and the regional fan base here is without comparison.”

“There is a long and complicated history between this team and this city. We’ve learned from the mistakes of the past and we won’t repeat them. Oakland is neither rolling over, nor giving up. Now is the time for everyone in our region to pull together to show the NFL and the Raiders that their future is in Oakland.”

Here are the tweets from the Associated Press reporter at the meeting.

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