Las Vegas NHL Team Owner Hits Spending Public Money for Raiders’ Stadium
The Raiders received a warm welcome from their fellow professional squad in Las Vegas, the NHL expansion team Golden Knights. In a statement, Golden Knights team owner Bill Foley congratulated fellow team owner Mark Davis and the Raiders on their relocation from Oakland.
Afterwards, Foley criticized the spending of $750 million in public money to build a stadium for the Raiders. He said the money should have been allocated to other important matters.
"I felt like there were a lot better ways to spend $750 million than bringing the Raiders to Las Vegas," Bill Foley said on a local radio station, as reported by San Jose Mercury News. "We could spend it on police, firefighters and teachers and have them all be the best in the country."
If he had his way, Foley said he would not have agreed to the Raiders relocation to Las Vegas. "But I didn't, so I welcome them," insisted Foley, who laid down a $500 million fee to the NHL to create an expansion team in Sin City.
While Foley is privately funding the Golden Knights' stadium, the Raiders have $750 million for their stadium. Another $200 million emerged in the final proposal for infrastructure improvements and maintenance for the new venue, according to Chris Chase of Fox Sports.
Despite his objections, Foley said having both an NFL and NHL makes it a truly exciting time to be from Las Vegas. "There is only a select group of cities in North America that are home to both an NHL and an NFL franchise and Vegas is now one of them," Foley said.
The Golden Knights will start playing in the 2017-18 NHL season. The Raiders, for their part, will remain in Oakland for two years before moving to Las Vegas for the 2019 season. The NFL team owners voted 31-1, allowing the Raiders' move to Sin City.
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