U.S. Senator Dean Heller of Nevada is adamantly opposed to public tax dollars being used to build stadiums for pro sports teams, unless it is for the Raiders stadium in Las Vegas.
Congress is considering a tax reform bill that would end federal tax subsidies for local governments building stadiums for pro sports teams.
“I don’t think taxpayers should be paying for stadiums. Let’s get that clear. Needless to say, I’m looking for an exemption for the Raiders’ stadium since that was already in the discussion,” Heller told the Review Journal.
So Heller recognizes that spending public money on sports stadiums is a poor use of public money, but he does not want to try and stop Las Vegas from spending $750 million on a stadium for the Raiders to move to Vegas.
The Raiders are planning to move to Las Vegas in 2020 and move into a brand new stadium that will cost an estimated $1.9 billion with $750 million in public money coming from Clark County.
At yesterday’s Las Vegas Stadium Authority meeting the estimated impact of the tax reform bill is an extra $3 million per year. That could total $90 million over the course of the 30 year lease.
It is still unclear who will have to pay that extra $3 million per year.
Tyler Bischoff hosts Coaches Corner on AM 720 KDWN Monday through Friday at 6:00 pm.