UPDATE: MGM Resorts has released the following statement:
"Today the members of the Southern Nevada Tourism Infrastructure Committee, representing a diversity of resort companies, local governments and other stakeholders, unanimously signaled a consensus that funding for the expansion and modernization of the Las Vegas Convention Center is a priority and should move forward.
ORIGINAL STORY:
LAS VEGAS (KTNV) - NFL owner Mark Davis and soccer star David Beckham appeared at the Nevada Tourism Infrastructure Committee meeting Thursday morning at UNLV to talk about the possibility of bringing the Oakland Raiders to Las Vegas.
Raiders fans are here, waiting to meet owner Mark Davis. He hasn't arrived yet. @KTNV pic.twitter.com/Yf1MVbegYi
— Michael Burton (@MikeBurtonKTNV) April 28, 2016
Mark Davis spoke first about the possibility of the team making the valley their new home. He told the committee that he is willing to pitch in $500 million to help get the stadium built. The proposed 65,000-seat stadium would cost $1.4 billion to build.
Mark Davis jokes, the "Las Vegas Raiders" are currently undefeated. @KTNV pic.twitter.com/KRGVjrOQLv
— Michael Burton (@MikeBurtonKTNV) April 28, 2016
Beckham then spoke about how he thought the stadium would be a great idea for Sin City.
Soccer sensation David Beckham endorses idea of Las Vegas stadium for Raiders. @KTNV pic.twitter.com/Fqo8sZzEMr
— Michael Burton (@MikeBurtonKTNV) April 28, 2016
Sands Corp. and its owner, Sheldon Adelson, have also pledged $150 million, which means that $650 million would need to come from private funds. The rest of the money would be generated by tourism taxes.
It would take up to three years to build the proposed domed stadium, which would be located on a 42-acre spot owned by UNLV off of Tropicana Avenue, across from McCarran International Airport. The Raiders would continue to play in California until the stadium was built.
Davis' representatives said during a press conference following the meeting that there has been no progress in securing a stadium in Oakland.
The stadium would generate a 30-year gross tax revenue of 2.7 billion dollars. @KTNV pic.twitter.com/Ts4k0j1PyS
— Michael Burton (@MikeBurtonKTNV) April 28, 2016
Stadium Budget = 1.4 BILLION
-Private Funding = 650M
-Public Funding = 50M/YR@KTNV pic.twitter.com/z6T3UEJKaJ— Michael Burton (@MikeBurtonKTNV) April 28, 2016
DAVIS' REPS: No progress in securing a stadium in Oakland. @KTNV pic.twitter.com/IlyKrXl5Lr
— Michael Burton (@MikeBurtonKTNV) April 28, 2016
The team issued the following statement not long after the meeting on Thursday morning.
“The Raiders would like to thank the Southern Nevada Tourism Infrastructure Committee and Mayor Goodman for their time today as we continue to explore options for a permanent stadium solution. We appreciate the support and passion of Raiders fans everywhere.”
WATCH THEIR APPEARANCE BELOW