Raiders’ $75M public funding ask for stadium plaza project approved

The Las Vegas Stadium Authority voted unanimously on Wednesday to allocate $75 million in public money to the Raiders for a $158 million renovation of the north‑side entrance at Allegiant Stadium. No members of the public objected to the use of the funds before the meeting convened. The Raiders will cover the remaining $83 million of the project cost. The planned work will stretch along Hacienda Avenue between Dean Martin Drive and Polaris Avenue, creating a public plaza, an event area and a designated zone for ride‑hail services built atop parking lots B and C of the stadium. Las Vegas Stadium Authority Chairman Steve Hill said that, with the NFL acceptable to person 5 caller stadiums travel online, keeping Allegiant Stadium state-of-the-art is important going forward. A new staircase will link the stadium to Hacienda, providing a more direct pedestrian route to the north‑side entrance than the current path from Hacienda to Allegiant Stadium Way. The improvement is intended to aid fans who rely on ride‑hail operators now stationed on a private lot north of Hacienda, as well as the roughly 20,000 supporters who typically arrive from the Strip via the Hacienda overpass of Interstate 15. The development will also incorporate a Boring Co. Vegas Loop station. A future possibility includes a partially outdoor event space on the Hacienda‑Polaris site designed to complement Allegiant Stadium. Funding originates from the 0.88 percent county levy enacted by Senate Bill 1, which taxes Las Vegas hotel rooms to retire bonds issued by Clark County for the public share of the stadium. Surplus tax revenue flows into a waterfall reserve after stadium debt service, authority operating costs and payments to UNLV for missed revenue targets during home football games are satisfied. According to the authority, waterfall monies may be used only for stadium upgrades, surrounding infrastructure improvements or early retirement of stadium debt. The waterfall pool is distinct from a debt‑reserve fund established to guard against shortfalls in the county‑tax receipts needed for semi‑annual bond payments. That reserve is regarded as fully funded at $90.2 million—sufficient to cover two years of bond payments absent any tax inflow—and presently holds $101 million. The reserve was drawn upon twice during the COVID‑19 pandemic.