Sheldon Adelson

Board OKs conditional lease for Raiders stadium in Las Vegas

The public board that oversees the proposed stadium where the Raiders want to start playing in 2020 on Thursday unanimously approved a conditional lease agreement for the facility after months of negotiations that were affected by the sudden exit of an instrumental financial backer of the $1.9 billion project.

The Las Vegas Stadium Authority board was running up against a deadline to approve the lease to avoid delaying the team's relocation by a year, as NFL owners gathering next week in Chicago plan to take up the document. It addresses various aspects related to the 65,000-seat stadium, including insurance, repairs, maintenance, naming rights and a rent-free provision.

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