A bond-financed stadium for the Las Vegas Raiders continues to show signs of struggling, even with a bounce-back in tourism to support the debt.
Clark County, Nevada, which is home to the gambling hub city of Las Vegas, is expected to draw on its debt service reserve fund Tuesday to make a payment associated with the $645 million of municipal bonds sold in 2018 for the stadium, according to S&P Global Ratings and a regulatory filing.
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Discussion Questions:
- Why do you think sports teams often push for new stadiums?
- Why did the Raiders move to Las Vegas?
- What are the different ways a new sports facility can be financed?
- How was the Raiders stadium in Las Vegas financed?
- In your opinion, who should pay for new stadiums? Team owners? Leagues? Cities and taxpayers? Why? Be prepared to discuss your answer.