Las vegas local doppler radar8/6/2023 Backers have pledged that the creation of a special tax district around the proposed stadium would generate enough money to pay off those bonds and interest. The $380 million in public funds for the stadium would mainly come from the $180 million in transferable tax credits and $120 million in county bonds. He called lawmakers into the special session after the bill failed to pass during the regular session. Last month, Lombardo’s office introduced the stadium financing bill with less than two weeks left in the legislative session. Another would remove a provision that exempts railroad workers under state contracts from being paid the prevailing wage for similar work in the region. One would require all Nevada companies with at least 50 full-time employees to establish paid family and medical leave to qualify for certain tax abatements. “I assure every Nevadan, even those of you who have concerns about this bill - I assure you that if you see where the bill started and where it is now, that there’s not a single Nevadan that won’t say this bill was much better,” said Democratic Sen. But legislators several struck a more positive tone Tuesday, saying the amendments addressed much of their skepticism. Many lawmakers have criticized a lack of community benefits and the special session rush to consider the financing bill. Senate approval came after days of closed-door negotiations and a contentious hearing about the bill, which calls for contributing $380 million in public funding for the proposed $1.5 billion stadium. But a growing chorus of economists and some lawmakers have warned that such a project would bring minimal benefits when compared to the hefty public price tag. Joe Lombardo, must now be considered by the state Assembly.Ī’s representatives and some Nevada tourism officials have said the measure could add to Las Vegas’ growing sports scene and act as an economic engine. The bill, which has the support of Republican Gov. The 13-8 Senate vote marks another step as the bill moves through the Democratic-controlled Legislature while reviving the national debate over public funding for private sports clubs. (AP) - A stadium financing bill aimed at drawing the Oakland Athletics to Las Vegas cleared a major hurdle Tuesday after being approved by the Nevada Senate, but not before lawmakers amended the measure to strengthen its benefits for the community.
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