LOS ANGELES — Nevada Gov. Brian Sandoval signed a bill Monday to provide $750 million in public money for a National Football League stadium in Las Vegas.
The state legislature had approved on Friday the proposal to raise the hotel room tax rate to build a $1.9 billion stadium for the Oakland Raiders.
The 65,000-seat domed stadium would also be home to the University of Nevada, Las Vegas football team. Davis will contribute $500 million to it and casino mogul Sheldon Adelson $650 million, with the state contributing $750 million in public funds.
The Raiders must still obtain support from the 32 NFL team owners to get permission to move from Oakland.
Sandoval called a special legislative session a few weeks ago to consider financing for the stadium.
The governor convened the Southern Nevada Tourism Infrastructure Committee this summer to
"As I have said before, we can and must usher in a new era for tourism in the Las Vegas market, while keeping our citizens and visitors safe, and ensuring our position as the global leader in entertainment and hospitality," Sandoval said.
Raiders owner Mark Davis thanked the governor, committee and state legislators in a statement.
"All parties have worked extremely hard to develop and approve this tremendous stadium project that will serve as a proud new home for the entire Raider Nation," Davis said.
Sandoval signed the bill during a ceremony held at UNLV's Richard Tam Alumni Center to mark the occasion.
