Stanford Professor says Raiders stadium plans could be in financial trouble

Thursday, March 23, 2017 02:31PM
FILE - In this April 28, 2016, file photo, Oakland Raiders owner Mark Davis, center, meets with Raiders fans in Las Vegas, Nevada. (KGO-TV)
OAKLAND, Calif. - A Stanford economics professor says the Oakland Raiders' Las Vegas stadium plan could be in trouble.

Roger Noll tells our media partner the San Jose Mercury News that the financial projections don't pencil out.

Reports say there appears to be enough votes to approve the move at next week's owners meeting, but at this point questions remain about who will pay $450 million in infrastructure costs around the stadium.

Noll also has doubts that an NFL stadium in Las Vegas is in the interests of the city's most influential power brokers.

"It's not in the casinos' interest for you to fly into Vegas for the weekend and then have you spend half a day at the football stadium," Noll told the Mercury News. "They attract you to gamble, go to the shows and eat at the expensive restaurants."

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