Las Vegas Stadium Board News: Board To Consider Paying UNLV Nearly $2.4 Million For Annual Income Loss For Closing Sam Boyd Stadium
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By Alan Snel, LVSportsBiz.com Publisher-Writer
The Las Vegas Stadium Board will likely approve a payment of nearly $2.4 million to UNLV for the loss of net income for the closing of Sam Boyd Stadium, which UNLV used to use for its football games and other event like motocross events.
The stadium authority board meet Thursday.
UNLV pays the Raiders to use Allegiant Stadium. In 2022, for example, UNLV paid nearly $2.2 million in rent to the Raiders for six home games. The Raiders run the domed stadium that opened in 2020.
Under the 2016 state law that authorized the public’s contribution of $750 million to help build the Raiders stadium, the stadium board reimburses UNLV for the loss of net income for Sam Boyd Stadium’s closing at a cap of $3.5 million annually for ten years after Allegiant Stadium’s opening.
Here is the UNLV schedule at Allegiant Stadium for 2024.
In other stadium board news, here is the Allegiant Stadium activity for the second quarter (April, May, June) of 2024. You will notice that three-month quarter is usually a quiet month at the stadium without Raiders and UNLV football games.
The stadium board will also receive a draft of the proposed lease between the board and the Athletics for the planned A’s stadium on the Strip that is scheduled to open in 2028. This is an informational item and there will be no stadium vote.
The stadium board meeting is Thursday at 3 PM
