Tax Collections For New Raider Stadium Decline After Las Vegas Shooting
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A decrease in tourism in Las Vegas since the Oct. 1 Route 91 Harvest shooting has meant less in tax collections to help pay for the Raiders’ new stadium.
Tax revenue generated from tourism fell 3 percent in October and 10 percent in November, according to figures released by the Las Vegas Stadium Authority.
The city implemented the increase in hotel taxes to pay $750 million of the new stadium’s $1.9 billion price tag.
Visitors are paying an extra $1.50 in hotel taxes when they book an avenge priced hotel on the Vegas Strip. Taxpayers contributed $4.6 million to the project in October and $3.4 million in November.
Construction on the yet to be named stadium began in November. The Raiders plan to kick off the 2020 seasons in Las Vegas.
Pollstar reached out to the Las Vegas Stadium Authority for comment regarding what the decrease means for the team.