Las Vegas NV: The Review-Journal wrote that the Raiders are officially over budget by $40 million. The numerous errors and cover ups have resulted in the workers going into overtime, and working 24-7 to catch up from the mistakes they’ve made.
$40 million for 20 new suites was not in the original plan, according the Bank of America. They came up with this addition three months ago when they discovered they built the trusses upside down in May. This $40 million is being used to pay for the extra cranes and crew that was required ti repair the mistake made my Don Webb. The iron workers told us that they built all the trusses upside down but they didn’t anyone to know.
The U.S. Department of Justice has been trying to change the NFL's non profit status for some time. This was their clear opportunity to stop the NFL from stealing from the cities they are supposed to represent.
Somehow, the NFL is a non-profit organization. Non-Profit enjoy special benefits. One benefit is they don't have to pay taxes. Taxes are for organizations that make profits. Non-profits are usually reserved for charities where the CEO will make 80,000 a year; tops. Roger Goodell will make $40,000,000 (40 million) in 2019. Thats for 3 months of work. Does that seem like a non-profit to you?
Another benefit of being a non-profit is the Clayton Act. The Clayton Act prohibits any non-profit organization from paying one dime to local, city or county governments. This includes not paying rent for a stadium that was built and paid for by the city or county where they play.
The investors in the Las Vegas Stadium are Mark Davis/Bank of America ($650M), $200M from the NFL loan program, $300M from PSL and the public portion ($750M) plus any overages goes to the tax payers. In April 2018, $645 million of construction bonds were sold to an anonymous hedge fund.
Because the bonds are “non-profit”, local government cannot receive any rent or revenue from the stadium. The only way the County or Las Vegas makes money on the Raiders is promise of economic projections based upon optimistic assumptions. Clark County and the City of Las Vegas cannot receive any rent or revenue sharing from the stadium, because such an arrangement would not be compatible with the tax-exempt status of the bonds.
Therefore, any overages or overtime pay are covered by INCREASING taxes. The taxes are converted to room taxes and resort fees.
Full Earthquake Damage Report coming soon on YouTubeTV.
The dual purpose NCAA/NFL football stadium in Las Begas is where the Oakland Raiders and the UNLV Rebels will host their regular season games.
Last week, Las Vegas felt two major Southern California earthquakes. We went down to the stadium to inspect any visible damage. The safety harness on the roof trusses has come undone. They spent the editors noting reinstalling the safety harnesses.
Any further delays at the stadium will not result in the Raiders missing the opening date. The Raiders can simply add more cranes, more shifts and more crew simply by increasing resort fees.
There are several unfinished ongoing construction projects in Las Vegas. The Drew, Resort World, Circus Circus, the sphere and the Raiders Stadium to name a few.
We recently reported that the stadium trusses were 8 inches out of plumb. In fact, they are actually 1/8 of an inch too long. But that substantial amount of weight makes the trusses unstable.
We Are Concerned that the Contractors (Mortensen-McCarthy) at Las Vegas Raiders Stadium Are No Longer Concerned About Worker Safety; Their Main Concern Appears to be Only the August 2020 Deadline
By JediJoy Lightowler
My husband and I have been covering the Las Vegas Raiders Stadium nearly for two years. This year, it has rained and snowed so much that they fell behind so they rushed and built all the roof trusses the same way. But they built them wrong. They built them with parts put on upside down. Furthermore, they did not realize the trusses were built wrong until they mounted the 10th truss on May 15th when it it was 8 inches out of plumb. Everything was brought to a standstill for over a month.
But they didn't want the media to know. So they have been lying to the press and smearing me on Twitter and YouTube. I am actually a USAF Combat Vet who’s only mission was identifying unusual patterns in the sky and sea (aka UFOs). I protected the Ecuadorian aero space in 2003 and Air Force One in 2005 to name a few missions. I was born with photographic memory so identifying that the stadium had come to a standstill for over a month was baby food for me.
But it gets worse. Before we could release the story, JediRich was attacked 3 mornings in a row from June 23-26th. His phone was robbed and I had to recover it from some homeless man using my nunchakus, no kidding, you should have seen it. But we can see that we got the Police on video losing pursuit of the attacker and then apprehending JediRich on YouTube here:
He was released after 48 hours with no charges.
And then this week Las Vegas had two major earthquakes. There was damage at Mandalay Bay. Mandalay Bay is across the freeway from the stadium. We felt the tremors from the earthquake at our apartment 5 miles from the Stadium. But even after the two earthquakes, Mortensen-McCarthy didn't even stop to send inspectors before they started working the next morning July 6th because they are so late.
Finally, we are now in the Summer; the deadliest time of the year for Las Vegans. Temps on the ground exceed 115 °. At 400 feet in the desert air, the temps must be grueling. We are concerned the the contractors no longer are concerned about safety. Their main priority is the August 2020 deadline.
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My LinkedIn: https://www.linkedin.com/in/JediRich
Twitter: @JediRichCom, @JediJoyRichShow
IG: @JediJoyRichShow, @JediLightowler
They heard what was an “explosion” then security showed up and they examined a very large crack in the floor before cancelling the game.“
This person is being snarky about the fact that the Las Vegas Stadium was able to bypass stricter building codes:
The Raiders Stadium got into plan check right before the new 2018 building codes were adopted in February 2019!!!”.
Makes me glad they got around to taking down the one tower at City Center that wasn’t built to code.”
@Billkelso66 is referring to The Harmon which was dismantled in 2014-15. See Wikipedia article here.
On July 5th, 2019 Las Vegas Had It’s 2ND EarthQuake in Two Days: Did Anyone Check The Stadium For Structural Damage Before Returning to Work?