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Raiders exploring Las Vegas stadium finance options

Posted at 6:12 AM, Feb 09, 2017
and last updated 2017-02-09 23:01:24-05

The Raiders say they are not giving up on Las Vegas and are confident they can find financing for their $1.9 billion stadium before NFL owners meet next month.

The Clark County Stadium Authority met this afternoon in Las Vegas to continue working on the project.

This was the first time the board met since Sheldon Adelson and Goldman Sachs pulled out of the deal leaving a $650 million gap in the financing plan.

Members of the Stadium Authority say over the past week they have received calls from people interested in financing the stadium, saying some are from traditional sources, while others are outside the norm.

"It is not just about Las Vegas, it is an international opportunity potentially.  The money can potentially be there, time will tell. It is a short time, I would grant you that and we will see you go,” Bill Hornbuckle said.

The Raiders told the board they can find the money to fund the stadium.

"We are in discussions with multiple financial institutions," said Raiders president Mark Badain. "You'd be surprised how many people have been reaching out wanting to fund this project."

The Raiders also said they are looking at Sam Boyd Stadium with team executives attending the Iceland-Mexico soccer game Wednesday to gauge the ability to host large events. The game drew a record crowd of more than 30,000 fans to the stadium.

UNLV's president said the university is willing to make upgrades to the stadium if the Raiders need it as a temporary home while the stadium is being built.