Vegas stadium proposal now moves into hands of Nevada lawmakers

ByABC News
September 15, 2016, 3:40 PM

— -- An 11-member oversight committee is recommending Nevada put $750 million in public money toward an NFL stadium for the Raiders in Las Vegas.

The approval Thursday from the Southern Nevada Tourism Infrastructure Committee is a major victory for the plan, which still needs approval from Nevada's governor and Legislature.

"We are excited and thanks to the committee," Raiders owner Mark Davis said in a text message to USA TODAY Sports.?

Stadium proponents including the Las Vegas Sands want to raise the hotel tax for a venue that's estimated to cost $1.9 billion. They don't want to return any profits to the public because they say they'll make little or no money on the 65,000-seat stadium.

Proponents want state lawmakers to meet and approve the deal as soon as possible so they can pitch it to NFL owners. Three-quarters of owners must approve of any team relocation.

Owners are expected to meet in January.

Information from The Associated Press was used in this report.