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Proposed Stadium Joint-Use Agreement

LocoRebel

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Apr 7, 2011
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Rick Velotta Story: https://www.reviewjournal.com/business/stadium/unlv-can-use-las-vegas-raiders-stadium-parking-lots-agreement-shows/

UNLV will have access to Las Vegas Raiders stadium parking lots, on and offsite, and collect parking fee revenue from them during UNLV events.

Now, all that’s needed are the lots themselves.

Those details are among the contents of a 62-page agreement and a three-page summary released in advance of a special Nevada Board of Regents meeting Jan. 4.

Parking issues are among the topics addressed in the agreement, but parking also is one of the areas the Raiders have not resolved. County codes require the Raiders to provide 16,250 parking spaces for stadium events, but there’s only room for about 2,400 on the 62 acres the team purchased for the stadium at Interstate 15 and Russell Road.

The Raiders are continuing to talk with private landholders in an effort to solve the parking issue and at one point asked UNLV to make lots available for parking on game days. UNLV rejected the idea, noting that home games could occasionally occur on Mondays, Thursdays and even Saturdays when students need all available parking.

Key to development agreement


At the public meeting, regents will get their first look at a draft of the agreement between the board on behalf of UNLV and LV Stadium Events Co., a subsidiary of the Oakland Raiders that is building the 65,000-seat domed football stadium. The regents, the Raiders and the Las Vegas Stadium Authority must sign off on the agreement, a key element of a final stadium development agreement expected to be completed in February.

The regents are expected to ask questions about the joint-use agreement on Jan. 4, then consider its approval on Jan. 19.

Attorneys for UNLV, the Raiders, UNLV President Len Jessup, Athletic Director Desiree Reed-Francois and Chancellor Thom Reilly have been working on the joint-use agreement since summer.

Some of the key elements of the draft agreement:

— UNLV will have access to onsite and offsite stadium parking and tailgating lots, which will be administered by the Raiders with net proceeds of parking sales going to UNLV.

—The agreement specifically notes that no portion of UNLV’s property will be used by the Stadium Events company for parking for Raiders’ home games or other stadium events.

Advertising

—UNLV has the right to sell temporary advertising and sponsorships at all stadium locations, including field boards, banners and audio-visual signage for display during UNLV events and collects all revenue.

—Permanent signage will be installed at each of the building entrances indicating that the stadium is the home of UNLV football.

—The Raiders will control all concessions at the stadium, but net concession revenue from UNLV events will belong to UNLV.

—UNLV will schedule its conference games and two n0n-conference games at the stadium with an emphasis on attracting Power 5 opponents for the non-conference games. Raiders home games and NFL games will have priority on scheduling and the Raiders and UNLV will meet regularly to handle scheduling adjustments.

—UNLV will be able to use either its own ticketing or Raiders ticketing systems and if the Raiders’ system is used, handling and service charges will not exceed those amounts included in comparably priced tickets for other stadium events. All net revenue from tickets will belong to UNLV.

—The Raiders will provide and pay for an artificial turf field for UNLV’s use. The Raiders will repair, maintain, store and switch out the artificial turf field at its expense, but UNLV will be responsible for the cost of obtaining, repairing, storing and switching out the midfield logo, end zones and other portions of the field containing customized “UNLV” or other home field markings. The Raiders already have indicated they will play on a grass surface grown outside and wheeled into the stadium for game days.

Locker room

—UNLV will get its own locker room in the stadium and provide design comments to builders on its furnishings and look, including branding it with UNLV colors and logos.

—UNLV will be able to collect up to $3.5 million a year for 10 years from the Stadium Authority to offset revenue streams previously available at Sam Boyd Stadium, but no longer possible in the new stadium.

The agreement has a 30-year term — the same time frame the Raiders would have with the Stadium Authority — and would begin when the stadium opens.
 
Curious what becomes of SBS. I realize that UNLV is going to receive money for ten years after the new stadium opens due to revenues lost from what amounts to non-compete issues. But what about the events that they won't want to have in the new facility? Things like monster truck rallies, enduro- and motocross? Or things that just work better at a smaller venue, like rugby sevens? Can SBS be used for those types of things? Who even owns the stadium? Wasn't it gifted to the university? Would UNLV really want to maintain something like that that they might only use for university events infrequently? Do they sell it? Lots of questions, I know, but I'm just so far out of the loop with that whole issue that I have no clue. Anyone? Bueller? Bueller?
 
UNLV owns the stadium, but most of the parking (dirt portion) is within the park and not part of the stadium. I expect there will be some plan for demolition and likely turn it into part of a regional park.
 
Curious what becomes of SBS. I realize that UNLV is going to receive money for ten years after the new stadium opens due to revenues lost from what amounts to non-compete issues. But what about the events that they won't want to have in the new facility? Things like monster truck rallies, enduro- and motocross? Or things that just work better at a smaller venue, like rugby sevens? Can SBS be used for those types of things? Who even owns the stadium? Wasn't it gifted to the university? Would UNLV really want to maintain something like that that they might only use for university events infrequently? Do they sell it? Lots of questions, I know, but I'm just so far out of the loop with that whole issue that I have no clue. Anyone? Bueller? Bueller?

UNLV owns the stadium, but most of the parking (dirt portion) is within the park and not part of the stadium. I expect there will be some plan for demolition and likely turn it into part of a regional park.

https://lvsportsbiz.com/2017/09/20/sam-boyd-stadium-close-raiders-stadium-opens-2020/
 
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I've never understood why the Raiders had the right to demand that UNLV close SBS. I know why they want to, so they can steal all their events but I don't understand why UNLV is allowing the Raiders to dictate the use of our stadium. If you look at the Raiders year 1 predicted events, they are all events currently held at SBS. I know they will supposedly compensate us for 10 years of loss revenue up to $35 million but we have to prove revenue which will be zero after year one anyway. My understanding is that UNLV owns the stadium, parking lot, practice fields behind it, & grassy tailgate area & the county owns all the gravel parking lot. At one time there was talk of trading SBS & land to the county for their land adjacent to the Trop 42. It will be interesting to see what becomes of it.
 
I've never understood why the Raiders had the right to demand that UNLV close SBS. I know why they want to, so they can steal all their events but I don't understand why UNLV is allowing the Raiders to dictate the use of our stadium. If you look at the Raiders year 1 predicted events, they are all events currently held at SBS. I know they will supposedly compensate us for 10 years of loss revenue up to $35 million but we have to prove revenue which will be zero after year one anyway. My understanding is that UNLV owns the stadium, parking lot, practice fields behind it, & grassy tailgate area & the county owns all the gravel parking lot. At one time there was talk of trading SBS & land to the county for their land adjacent to the Trop 42. It will be interesting to see what becomes of it.
I’m trying to figure out why UNLV would have much say. We aren’t bringing a lot to the table. We are riding coattails here.
 
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