First look at details of new Raiders stadium in Las Vegas may answer questions

A rendering of the Las Vegas Raiders stadium project. (MANICA Architecture)
A rendering of the Las Vegas Raiders stadium project. (MANICA Architecture)
A rendering of the Las Vegas Raiders stadium project. (MANICA Architecture)
An aerial view rendering of the Las Vegas Raiders stadium project. (MANICA Architecture)
A rendering of the Las Vegas Raiders stadium project. (MANICA Architecture)
A rendering of the Las Vegas Raiders stadium project. (MANICA Architecture)

The Las Vegas Stadium Authority will get its first look at the details of the financing of the 65,000-seat domed football stadium when it meets Thursday, a day after Clark County officials conduct a high-impact project hearing on the development.

While the Clark County Commission, meeting as planning and zoning overseers, delves into details on parking, traffic, water, sewer, drainage and emergency services on Wednesday, the nine-member authority is expected to receive specifics on the four-pronged construction financing package.

The stadium has been billed as a $1.9 billion project that includes $750 million in public funding to support bonds paid off with a 0.88 percentage-point increase in a hotel room tax that ranges between 12.5 percent and 13.4 percent.

In addition to the public funding, the Raiders have three potential funding sources: personal seat licenses sold to season ticket holders, a loan from Bank of America and a National Football League stadium construction loan program.

The Raiders haven’t submitted materials to the authority in advance of Thursday’s meeting so it’s unclear how much detail will be provided on dollar amounts.

The authority isn’t scheduled to act on the leasehold mortgage agreement this month and will likely take it up in September. But authority members are scheduled to receive a report on Bank of America’s ability to step in and assume the rights as the leasehold mortgagee should the Raiders fail to meet their loan commitments.

“It’s a general presentation on how the deal itself is going to be structured and how the public knows there is sufficient financial security to ensure that the Raiders can fulfill their obligations under the agreements as required by Senate Bill 1,” said Jeremy Aguero, a principal for Applied Analysis, the Las Vegas company serving as the authority’s staff. “That presentation and those findings are specifically required by the legislation.”

Included in the discussion will be direction from the authority board about what specific information it wants as part of a formal resolution when it votes on the financial package.

Thursday’s agenda also will include progress reports on drafting the personal seat license agreement, a non-relocation agreement and an overall status report on the project.

The authority also is expected to consider whether it wants an owner representative or compliance officer designated as the point person for stadium construction. The Las Vegas Convention and Visitors Authority has an owner representative designated for its $1.4 billion Las Vegas Convention Center expansion and renovation project.

New details about the stadium have emerged in documents filed with the county. Plans indicate the building would be 225 feet tall with 10 levels, not including a catwalk servicing lighting and equipment and a transparent roof.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

Las Vegas stadium’s layers and levels

The planned Las Vegas stadium will have 10 levels:

Event level, 20 feet below ground — Grass field (grown outdoors and rolled in and out of the stadium); security command/medical; truck dock; main kitchen/commissary; electric substation; hot water; trash holding; building maintenance; back-of-house facilities; visiting team facilities; staff entrances; press work rooms; interview rooms; Raiders locker rooms; UNLV home locker rooms; Raiderettes locker rooms.

Lower mezzanine, ground level — Retail store; box office; VIP entry lobbies.

Main concourse, 16 feet above ground — Concessions; sponsor area; public restrooms; club facilities; ticket-holder seats; storage.

Lower suite, 32 feet above ground — Standard and executive suites; VIP lounges.

Upper suite, 52 feet above ground — Public restrooms; suites; ticket-holder seats; concessions; VIP lounges.

Mid-bowl mezzanine, 70 feet above ground — Air handling equipment rooms.

Upper concourse, 88 feet above ground — Ticket-holder seats; concessions; hawker areas; incidental storage.

Upper mezzanine, 100 feet above ground — Ticket-holder seats.

Press level, 142 feet above ground — Press gondola, TV/radio broadcast booths; writing press; coaches’ booths.

Catwalk, 157 feet above ground — Access to lights and equipment.

Roof, 195 feet above ground — Ethylene Tetra Flouro Ethylene cable roof system.

Source Article

Trump’s business applies to build a casino in Macau, China’s Las Vegas

Macau. Bobby Yip/Reuters

SHANGHAI (AP) — A Trump Organization company has applied for four new trademarks in the Asian gambling hub of Macau, including one for casinos, public records show. The new applications highlight the ethical complexity of maintaining the family branding empire while Donald Trump serves as president, and are likely to stoke speculation about the organization’s future business intentions in Macau, where casino licenses held by other companies come up for renewal beginning in 2020.

The applications for the Trump brand were made in June by a Delaware-registered company called DTTM Operations LLC. They cover gambling and casino services, as well as real estate, construction and restaurant and hotel services. The applications were first reported by the South China Morning Post.

The new applications are identical to four marks applied for in 2006, and granted, but lapsed earlier this year. It was not clear from public records why, though under Macau law trademarks can be forfeited for non-use. There are currently no Trump-branded businesses in Macau.

Trump’s trademarks have been a source of concern to ethics lawyers and Democratic officials, who fear they can give foreign governments the opportunity to try to influence the White House. China has approved dozens of Trump trademarks since the president took office. Three U.S. lawsuits against the president contend that the Chinese marks constitute gifts from a foreign state and stand in violation of the emoluments clause of the U.S. Constitution. Trump and his lawyers reject that argument and contend that trademarks are a crucial defense against squatters seeking to exploit his name.

Beijing says it has been fair and impartial in its handling of trademarks for the president and his daughter Ivanka Trump.

Macau’s six casino operators, including Las Vegas Sands, Wynn Resorts and MGM Resorts, face renewals for their licenses starting in 2020. The government of the former Portuguese colony, now ruled by China, has released few details on the renewal process, which will be the first since it ended a decades-long casino monopoly and opened bidding to foreign companies in 2001.

Donald Trump. Thomson Reuters

Authorities are expected to grant renewals to all six operators, given the big investments they’ve poured into the city, but there has been speculation that they could issue one additional license to a new investor.

Donald Trump began applying for a sweep of trademarks in Macau in 2006. The government’s unwillingness to uphold all of them was a source of intense irritation to Trump, who became enmeshed in a lawsuit over rights to the use of his name. He wrote to then-U.S. Commerce Secretary Gary Locke in 2011 that the courts of China and Macau were “faithless, corrupt and tainted."

“Who could expect anything different from a deceitful culture?” he added. “Their behavior should be a clear warning to the rest of the world to refrain from any trade practice or business relationship with them!"

Casinos are seen in a general view of Macau.

Thomson Reuters

Trump finally prevailed in that case last year after his opponent, a local company that had filed for a “Trump” mark for food and beverage services, let his trademark expire.

Trump has pledged to conduct no new foreign deals while in office and handed control of his business to his sons, though he retains ownership. He also has veered away from the casino business. Hard Rock International bought up the last vestiges of his failed Atlantic City gambling empire this year, paying just $50 million for the shuttered Trump Taj Mahal casino, which cost more than $1 billion to build.

Back in 2001, Donald Trump was part of a consortium of billionaire investors — including two men subsequently convicted of bribery and money laundering — that bid unsuccessfully for a casino license in Macau, the Wall Street Journal reported last year.

Macau is the world’s largest gambling market, raking in about five times more revenue last year than the Las Vegas Strip. It’s the only place in greater China where casinos are legal.

Source Article

How To Find The Best Las Vegas Housing

Finding housing in Las Vegas is something that you can do with ease as long as you follow a few simple guidelines. It is important to do this so you can find a place to live that fits your lifestyle in the best possible way. As you look for a nice place to live in Las Vegas, there are some things that you should know to help lead you in the right direction.

One of the first things that you should consider is the amount of money you plan to spend on housing each month. What is your budget? It is an important thing that you will want to keep in mind when you are looking for Las Vegas housing. Having an amount in mind will help you focus your efforts in the right area.

Then, you will want to consider what it is that you want as far as housing goes. This includes things like number bedrooms and bathrooms, square feet, layout of the house, location, and other features of a home that you want to live in.

Once you think about your budget and your wants, you can start to shop for the best housing for your needs. You can look online, use a real estate agent, or do whatever it takes to find adequate Las Vegas housing. Make sure to spend some time considering your options so you can make the best possible selection.

In conclusion, you can find a great place to live in Las Vegas. Start by considering the information that has been shared here. Following a few simple tips, you can be on the journey to finding the housing in Las Vegas that is best for you and your situation. There are many great options and you want to find the one that works best for you.