Bank loans $650 million to construct Strip stadium
ASSOCIATED PRESS
The board overseeing the proposed Las Vegas NFL stadium was set to meet Thursday for the first time since the Oakland Raiders told the league that they have found a new partner to finance the facility. The meeting of the stadium authority board comes the same week the team presented to the NFL the new proposal with financing backed by Bank of America.
Bank of America has stepped in as the funding source for the proposed Strip stadium, pledging to provide the $650 million that was originally expected to come from LV Sands.
Details are sketchy, but reports indicate that the deal will be structured as a loan, with Bank of America taking no equity stake in the stadium. The move puts the project back on track leading into a vote by NFL owners that would clear the way for the Oakland Raiders to relocate to Las Vegas.
Though there are several potential sites in the running, a location for the stadium has not yet been designated.
More neon: The Neon Museum is expanding thanks to a $425,000 grant from the city of Las Vegas. The museum at 770 Las Vegas Blvd. N. has purchased an adjacent parcel of land that will provide space for 30 more signs to be displayed.
ONJ out: “Olivia Newton-John Summer Nights” has concluded its run at the Flamingo. The official word is that Newton-John’s (pictured) 2017 schedule didn’t line up with showroom availability. The show was a month shy of its third anniversary.
Frugal gambling: After more than a decade, Jean Scott, author of the best-selling book “The Frugal Gambler,” has penned “The Frugal Gambler Casino Guide.” Scott, who was famously nicknamed the “Queen of Comps” on “48 Hours,” says her new book is targeted toward beginner-to-intermediate gamblers looking to take advantage of casino promotions and comp systems.
Don't miss out on what's happening!
Stay in touch with top news, as it happens, conveniently in your email inbox. It's FREE!
Dollar blackjack: Speaking of frugal gambling, Hooters is dealing $1 blackjack 24/7. It’s one of only two casinos to currently offer dollar games; the other is the Lucky Club in North Las Vegas.
Question: What was the result of the national-anthem proposition bet in the Super Bowl?
Answer: There were several anthem props, but the one everyone tracks is the over/under on the time it takes to sing it. Luke Bryan went easily under 2:10, finishing in 2:04, only the second time in nine years of tracking that the anthem has gone under.
For more information about Las Vegas shows, buffets, coupons and good deals, go to LasVegasAdvisor.com.
