Retired NBA star and sports analyst Charles Barkley talks about the proposed move of the Oakland Raiders to Las Vegas.
The Nevada Legislature last week approved a plan to increase the hotel room tax in Clark County to raise $750 million in public financing for a $1.9 billion stadium in Las Vegas. Sheldon Adelson, the chairman and CEO of Las Vegas Sands Corp., is putting up $650 million, and the Raiders will pay $500 million toward the project.
“It’s always amazing to me how these cities come up with money,” Barkley said. “They don’t have money for poor people, but anytime they need a new stadium, they come up with money.”
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