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We could build a FABULOUS stadium for half

Fellow Nevadans,

I couldn’t be more excited that Nevada will finally have their own football team. But, I am outraged at the cost and the amount Nevadans are contributing. I know many of you feel the same way.

The Las Vegas Raiders Stadium is estimated to cost $1.9 billion (before cost overruns), with taxpayers kicking in $750 million for construction. We’ll also be fast-tracking infrastructure improvements at a cost of nearly $1 billion.

Do the math. Nevada is on the hook for $1.75 billion. Other stadiums have been built around the country for substantially less:

  • U.S. Bank Stadium in Minnesota built for $1.1 billion.
  • AT&T Stadium in Texas built for $1.15 billion.
  • Unfinished Mercedes-Benz stadium in Atlanta, estimated original cost $1.4 billion, current total is unknown.

We could build a fabulous stadium for $1 billion, and earmark extra funds for improvements to our education systems, lowering other taxes, or building needed infrastructure. Instead, we get to watch eight home football games in Las Vegas. That’s $50 MILLION per game for the first five years. Such a deal for a State that is ranked 51/50 in education systems with the lowest ACT scores in the country.

Sincerely,

Dan Schwartz

Nevada State Treasurer

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