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Volume 27 No. 9
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Construction Of Raiders' Allegiant Stadium Set For July 31 Completion

Construction crews at Allegiant Stadium are "on track for substantial completion by July 31," according to Mick Akers of the LAS VEGAS REVIEW-JOURNAL. Despite the impact the coronavirus pandemic has had on the project -- with at least 16 workers on the site testing positive for the virus -- "work is proceeding as scheduled." Raiders COO Don Webb said, "The construction continues generally on a six-day a week schedule, with a daily workforce that has exceeded 2,000 workers on site." Akers notes since the last stadium authority meeting in January, a number of "notable milestones have occurred, such as completion of the ETFE roof installation, installation of illuminated signs and laying sod on the field tray." Additionally, heating and cooling systems have been "largely installed and are undergoing testing procedures." Public restrooms and concessions stands "also are nearing completion." Webb said that audio and visual elements inside the stadium "also have been completed, with five video boards and speakers for the distributed sound system installed." He added that around $1.7B of the stadium's nearly $2B budget "has been spent" (LAS VEGAS REVIEW-JOURNAL, 5/22).

PSL PARADISE: In Las Vegas, Alan Snel noted the Raiders "have hit the jackpot in personal seal licenses" at Allegiant Stadium with $549.2M in PSL revenues that "will be used to help pay the team's contribution to the construction" of the stadium project. The public has already paid $636.3M of its $750M "toward building the 60,000-seat, domed stadium." Snel noted the Raiders also are using a $261M Bank of America loan and a $162M loan from the NFL to pay for the project (LVSPORTSBIZ.com, 5/21).