- Las Vegas project joins growing list of bond-financed stadiums
- Clark County, Nevada is borrowing $648 million for a stadium
The U.S. is in the midst of a stadium-building blitz that doesn’t appear to be abating anytime soon. So whether you attend a game or not, get ready to pay up.
Clark County, Nevada, is selling about $648 million in tax-exempt bonds Wednesday to help finance the new 65,000-seat stadium for the National Football League’s Raiders. The Las Vegas project joins other mega muni-bond deals for professional sports stadiums, including the nearly $943 million sale in 2006 to build Yankee Stadium and a $547.4 million deal for Citi Field that same year for cross-town rival the Mets. Both issuers came to market with more project debt in the years after that, too.
Bloomberg
By Amanda Albright
April 11, 2018, 11:04 AM PDT