YouTube Zennie62 News

UNLV Regents Vote To Kill Athletic Department In Approving Oakland Raiders Las Vegas Stadium Joint- – Vlog

UNLV Regents Vote To Kill Athletic Department In Approving Oakland Raiders Las Vegas Stadium Joint-

UNLV Regents Vote To Kill Athletic Department In Approving Oakland Raiders Las Vegas Stadium Joint-Use Agreement

The. UNLV Regents voted 11-1 to back the Joint Use Agreement with the Oakland Raiders for the planned Las Vegas NFL Stadium on Friday, January 19th.

Very simply, UNLV Athletics faces a situation where it would be charged $1.2 million a year, but not see the assumed $3.5 million a year because 1) it comes from the same problematic stadium tax rate that is causing the Raiders Bond Debt revenue problem, 2) can’t be paid before the Las Vegas Stadium Authority gets its annual $2 million a year from the same source, and 3) The Raiders use the money for Stadium and Operations expenses it failed to pay, and funding of a debt service reserve not to go over $9 million. And while the agreement does day UNLV must get any money not paid to it given at some point in the future, the agreement never says when the future ends!

So the Raiders could not pay UNLV and move the goal posts that represent “The Future”! UNLV got completely suckered in this deal. You can kiss the athletic program’s promise of fiscal health goodbye!
via IFTTT
https://youtu.be/HlK_YiQ0p44

Zennie Abraham
Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.
https://www.zennie62blog.com

Leave a Reply

Your email address will not be published.