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Oakland Raiders Las Vegas Stadium Proposal Spreadsheet Zennie Abraham

Total Project Costs (Note2)

Construction Costs $1,325,000,000.00
Land, Infrastructure, Site Costs $375,000,000.00
Offsite Transportation Infrastructure Costs Per SB1 (Note 3) $450,000,000.00
Practice Facility $100,000,000.00
Contingency $100,000,000.00
Total Project Cost $2,350,000,000.00

Funding Sources (Note 2)

Team Investment $500,000,000.00
Public Investment $750,000,000.00
Private Investment $650,000,000.00
Total Funding Sources $1,900,000,000.00

Total Net NFL Stadium Project Revenue -$450,000,000.00

Est. Stadium Revenues (From SNTIC Docs Note 4)

Total Annual Event Revenue $934,323,450.00
Total Annual Non-Event Revenue $309,632,820.00
Total Stadium Revenue $1,243,956,270.00

Est.Stadium Operating Expenses (From SNTIC Docs Note 4) $646,119,390.00

Stadium Net Operating Income (From SNTIC Docs Note 4) $597,836,880.00

Debt Service And Capital

Debt Service + Raiders / Dev Loan Debt (Loan + LIBOR) $1,036,910,000.00
Capital Expenditure $75,000,000.00
Total Debt Service And Capital $1,111,910,000.00

Free Stadium Operating Cash Flow -$514,073,120.00

Total Project Operating Cash Flow -$964,073,120.00

Note 1: Two Problems: 1) NDOT / RTC Transportation Infrastructure Off-Site Not Accounted For, 2) New Bank Of America De
$650 million plus LIBOR of .414 basis points (not including fees) added to SNTIC MODEL annual debt service of $12 million t
Note 2: From SNTIC Stadium Model Presentation FINAL doc page 4 of 32 and taking annual estmates and multipliying by 30
Note 3: Offsite Transportation Cost of $450 million based on Southern Nevada Tourism Infrastructure Act (http://www.lvstadium
Note 4: SNTIC Stadium Model Presentation FINAL doc page 18 of 32 and taking annual estmates and multipliying by 30 year
Note 5: NDOT Las Vegas NFL Stadium Sites Transportation Assessment Report is here: https://www.nevadadot.com/uploade
Note 6: Overalll, this spreadsheet shows the impact of Las Vegas Sands / Sheldon Adelson's depature from the Raiders NFL

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, 2) New Bank Of America Debt Service of

al debt service of $12 million times 30 year lease term creates two negative results: -$450 million for project and -$514 million for stadium o
tmates and multipliying by 30 year lease term: http://sntic.org/meeting/10/stadium%20/aguero/SNTIC%20Stadium%20Model%20Presentat

es and multipliying by 30 year lease term: http://sntic.org/meeting/10/stadium%20/aguero/SNTIC%20Stadium%20Model%20Presentation%

www.nevadadot.com/uploadedFiles/NDOT/Projects_and_Programs/Programs_and_Studies/Las%20Vegas%20Stadium%20Traffic%20Ass
epature from the Raiders NFL Stadium Project. Mr. Adelson took away what was a $650 million angel investment, and Las Vegas Sands ple

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roject and -$514 million for stadium operations, following SNTIC format.
%20Stadium%20Model%20Presentation%20FINAL.pdf

Stadium%20Model%20Presentation%20FINAL.pdf
Vegas%20Stadium%20Traffic%20Assessment.pdf
investment, and Las Vegas Sands pledged to pay for any off-site costs and cost overruns, which would have taken care of the NDOT cost

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d have taken care of the NDOT cost now Adelson and his company are gone. Additionally, the provision that ties the developer to paym

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vision that ties the developer to payment of some level of offsite transportation infrastructure and binding that cost to whatever NDOT estim

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ng that cost to whatever NDOT estimates was left in the Southern Nevada Tourism Infrastructure Act. This, even as the provision for a tax i

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This, even as the provision for a tax increment revenue district was removed, and Las Vegas Sands, which planned to pay for that cost, lef

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which planned to pay for that cost, left the project.

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