It’s just your tax money. You don’t need to know how it is being used.
A front page story in today’s newspaper reminds us of just how dreadful that deal the governor and legislators cut with the Raiders football team to build a new stadium in Las Vegas really is.
The piece reminds us the law creating a stadium authority also veils just about everything in secrecy, and again relates the stadium cost of $1.9 billion is just wild-ass guess. It could be more. It could be less. And we might never know which. If it comes in at the guessed at cost, the taxpayers will be ponying up nearly 40 percent of the cost. If comes in at the original estimate of $1 billion, the taxpayers will pick up 75 percent of the tab, plus the $900 million in road improvements for a stadium site with only 15 percent of the necessary parking spaces.
Today’s story has Stadium Authority Board Chairman Steve Hill confirming that the public won’t get much information about the financing of the stadium at I-15 and Russell Road of the confidentiality wording included in the 2016 special session Senate Bill 1.
“A big part of the information that the board will get will be confidential,” Hill quoted as saying. “The Raiders’ financial situation is not going to be a public document, so we’ll get a framework for that at a board meeting and individual board members will get a more thorough briefing outside of the public meeting.”
The 1,000-word article tells us mostly what we don’t know and probably never will. The final paragraph reports that the Raiders did not respond to email inquiries about the project and its financing and have told its contractors to not talk to the press.
Of course, the newspaper’s owner Sheldon Adelson took his promised $650 million in stadium financing and went home.