The Oakland Raiders have submitted a proposed lease agreement to the Las Vegas Stadium Authority that would have the team pay $1 a year in rent for the use of a new dome. The team presented the document at Thursday’s brief authority board meeting as the team awaits a decision from National Football League owners on whether it will be allowed to relocate to Southern Nevada. “We recognize that there’s a lot of work to do here,” Raiders Executive Vice President Dan Ventrelle told the board, saying the draft would serve as a starting point for negotiations between the authority and the team. “As much as we’d like to take it a step at a time, we have to dual-track a lot of that work, so we’ve tried to move forward.” The proposed agreement addresses every aspect of the team’s use of the stadium, from the sale of concessions and merchandise to parking and the placement of automatic teller machines. The document also addresses stadium naming rights, advertising and broadcast rights and the proposed $1-a-year lease cost.
Proposed Raiders lease calls for $1 in annual rent to Las Vegas Stadium Authority
Las Vegas Review-Journal | Jan 27