The Oakland Raiders are one step away from relocating to Las Vegas

Los Angeles Rams fans, our dream is finally coming true. Yes the Rams are back in Los Angeles, but they should be the only team in LA. Bye Bye Raiders, have fun in Las Vegas! Here’s some information about the possible relocation to Las Vegas for the Raiders

Six months ago, Raiders owner Mark Davis promised that he would move his team to Las Vegas if the state of Nevada approved $750 million in public funds for a new stadium.

Well, we’ve got some bad news for you Oakland: The funding was officially approved on Friday.

The Nevada Assembly approved the funding bill with a 28-13 vote during a meeting in Carson City. The vote comes two days after the money was formally approved with a 16-5 vote in the Nevada Senate. The senate actually had to vote on the bill twice. The second time around, they had to approve the amendments made by the assembly.

With approval from both legislative bodies, that means the state of Nevada will officially be contributing $750 million to the proposed $1.9 billion stadium project.

Shortly after the bill was passed, Sands lobbyist Andy Abboud announced that Davis would be in Nevada on Monday to sign the bill with Nevada governor Brian Sandoval.

As for the stadium, the $750 million in public funding will be raised by increasing the hotel tax that people pay while staying on the Las Vegas strip.

For the rest of the funding, Davis will be teaming up with the NFL and casino mogul Sheldon Adelson.

Of the $1.9 billion in stadium costs, the Raiders would chip-in a total of $500 million. Of that total, $200 million would come from the NFL as part of a loan, and the rest would come from the Raiders.

The Oakland Raiders would release a statement about the relocation to Las Vegas as well.

“I would like to thank Governor Sandoval, the Southern Nevada Tourism Infrastructure Committee, and the members of the Nevada Legislature on this historic day, ” said Raiders owner Mark Davis. “All parties have worked extremely hard to develop and approve this tremendous stadium project that will serve as a proud new home for the entire Raider Nation.”