LAS VEGAS (KTNV) — Clark County leaders had to pull millions of dollars of backup funds to make a bond payment on Allegiant Stadium.
The county was about $11 million short on the payment for the new Raiders stadium.
This is the second time leaders have pulled money from the reserve fund during the pandemic.
Payments for bonds are supposed to come from room taxes but revenue is falling short because of low occupancy during the pandemic.
The stadium financing has always included this backup fund.
More than $54 million remains in it.
