July 01, 2017 | Las Vegas Review-Journal | Nicole Raz
The demographics of Southern Nevada are growing increasingly young, diverse and wealthy.
“People follow the businesses, and the businesses follow the people,” said John Lettieri, co-founder and policy director at the Economic Innovation Group, a Washington, D.C.-based think tank.
Mia Gantt followed the the business. Gantt, a 26-year old African-American woman, moved to Las Vegas from Cleveland last August looking for job opportunities with better pay and to get away from the snow.
June 14, 2017 | Las Vegas Sun | Adam Candee
The bulleted list in tiny print stretches four pages, listing 119 potential issues in a stadium-use negotiation between UNLV and the Raiders.
Even that does not encompass the universe of what the team and the university might encounter in deciding how they will share the new 65,000-seat stadium, Las Vegas Stadium Authority staff said last week.
Jeremy Aguero of Applied Analysis leads the authority staff and created the document. Aguero compiled initial requests made by UNLV and the Raiders, combining those wants with matters covered in shared-use negotiations between colleges and NFL teams elsewhere.
June 12, 2017 | Las Vegas Review-Journal | Richard N. Velotta
The Oakland Raiders and local officials are no further along than they were a year ago in locking down a key aspect of the Las Vegas stadium project: how much it will cost.
It’s been widely reported that the domed stadium, scheduled to open in June 2020 just northwest of Interstate 15 and Russell Road, would cost $1.9 billion. But that figure remains nothing more than an estimate for the total cost of the stadium and a practice facility for the NFL team, which earlier this year received league approval to move to Las Vegas. The reality is the projects’ total cost could be more or less than that amount.
The Raiders confirmed in March that they had negotiated a loan with Bank of America for the stadium, a key element of approvals by the Las Vegas Stadium Authority and NFL owners for a conditional lease agreement. But the team never shared a dollar amount or whether a revolving credit facility is involved in the financing.
June 09, 2017 | Las Vegas Review-Journal | Wade Tyler Millward, Todd Prince, Nicole Raz, Eli Segall and Richard N. Velotta
If you plan to build it in Las Vegas — whether it’s a new casino, a freeway, or a stadium for the Raiders and UNLV — construction workers will come, officials believe.
And many of them will be needed to finish projects already planned.
Southern Nevada has seen many boom periods in its history. Another boom is now unfolding across Southern Nevada, with planned, proposed and construction projects underway totaling as much as $15 billion, according Jeremy Aguero.
June 08, 2017 | Las Vegas Review-Journal | Nicole Raz and Todd Prince
Nevada’s commercial banking space is heating up.
JPMorgan Chase, the nation’s largest lender by assets, opens its first commercial banking arm in the state Thursday to service the companies generating between $20 million and $500 million in annual revenue.
The banking giant set up shop at 3770 Howard Hughes Parkway, a business district where other financial firms are located. Company executives said they aim to get a slice of what they see as expanding business potential.
June 08, 2017 | 8News Now | Katie Boer
"Now leasing;" "under construction;" "accepting new tenants." These signs are popping up more and more around the Las Vegas valley because about a dozen new apartment complexes are under construction.
Nearly a dozen new apartment complexes are being built along the 215 beltway.
"It's picking up; there's no question," said Brian Gordon, principal, Applied Analysis. "We're tracking about 4,500 units in the development pipeline; projects that are either under construction or planning for future development."
June 08, 2017 | Las Vegas Review-Journal | Richard N. Velotta
Call it the calm before the storm.
The Las Vegas Stadium Authority breezed through a report-filled board meeting Thursday, taking no major actions, but prepping for next month when a barrage of agreements involving the Raiders, UNLV and stadium financiers begin.
High on the priority list when the board meets again July 13 will be the UNLV Joint-Use Agreement, a document that will spell out procedures and policies relating to the Rebel football team’s use of the $1.9 billion, 65,000-seat domed stadium being built by the Raiders at Interstate 15 and Russell Road west of Mandalay Bay.
June 08, 2017 | Las Vegas Sun | Adam Candee
The real work of hammering out a dozen contracts for the new Raiders stadium happens in the quiet, far away from public settings such as Thursday’s meeting of the Las Vegas Stadium Authority board.
An initial meeting about UNLV’s joint-use agreement with the Raiders took place in recent days. A sit-down involving union leaders and construction companies Mortenson and McCarthy closely followed. Bankers and lawyers delayed a planned discussion of the personal seat license contract draft as they review it one final time.
The board was updated on the progress of the past few weeks. Contracts that must be completed by October will likely be presented for the board’s approval next month. That timeline allows the Raiders to remain on schedule to start construction on the $1.9 million facility.
June 08, 2017 | Fox 5 Vegas | Vince Sapienza
LAS VEGAS (FOX5) -
The future Raiders stadium took another step in the right direction Thursday. The Stadium Authority board members said they felt positive about the talks between the Raiders and Rebels, who will also be calling Russell Road home.
"A lot of stuff to review, but nothing where it was any type of stalemate or big item that it looked like we couldn't overcome," board member, Mike Newcomb said.
Staff wouldn't comment on what issues, if any, the Raiders and Rebels disagreed on, but Chairman Steve Hill did mention the type of field, turf or grass, is something that is still being worked out.
June 08, 2017 | News 3 LV | Jeff Gillan
LAS VEGAS (KSNV News3LV) — The trick will be to make a stadium for the Raiders, feel just like home for UNLV’s football Rebels. It won’t be hard, says UNLV’s representative on the Stadium Authority board.
“The band in there, the cheerleaders, the team running out there - all the signage. The video boards. It's easily turned into a UNLV home game,” says Mike Newcomb, who is the Executive Director of the Thomas & Mack Center on campus.