Raiders owner Mark Davis is working on a $1 billion deal with Las Vegas-based Sands Corp. to build the stadium, which would be the team’s largest since the Raiders moved to Las Vegas in 2002.
The deal is contingent on the NFL approving the stadium.
Davis said Thursday he is working with his partners, including casino mogul Sheldon Adelson, to get the financing for the $1.4 billion project.
Adelson said in an interview with The Associated Press that the casino has already begun discussions with local officials about financing the stadium and will have a decision in the next few weeks.
The stadium would include a $300 million parking garage.
Adelsons plan includes a public plaza, an amphitheater, restaurants, retail stores and entertainment venues.
Raiders owner Dean Spanos, whose team has struggled with attendance and a host of other issues, has been criticized for failing to keep the team in Oakland for years.
But his deal with Sands is expected to include a pledge that Raiders games would be played at the stadium in Las Vegas.
Raiders president Mark Davis said in the Las Vegas Sun that the Raiders are “very close” to finalizing a new stadium deal.
Raiders CEO Mark Davis (right) talks to a team official during the team announcement at the Las Fairgrounds.
Raiders general manager Reggie McKenzie (left) and president and chief operating officer Reggie McKenzie pose with Raiders owner Robert McNair during a news conference announcing the move to Las Venegas.
Raiders officials said the new stadium would feature a $500 million public plaza and $150 million parking facility, plus a large outdoor plaza and amphitheatre, as well as a new public plaza at the Coliseum.
The new stadium will include a public parking garage, stadium-wide Wi-Fi, and a hotel/motel.
The NFL is expected in January to approve a $3 billion stadium renovation plan, which includes the construction of a $200 million public-private plaza and parking garage at the Raiders’ new home.