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Stadium Bonds for NFL Raiders Struggle Even as Vegas Reopens

  • Clark County plans to draw on reserve fund for debt payment
  • Tourism recovery is still ‘work in progress,’ S&P analyst says
Allegiant Stadium in Paradise, Nevada. 

Allegiant Stadium in Paradise, Nevada. 

Photographer: Christian Petersen/Getty Images
Updated on

A bond-financed stadium for the Las Vegas Raiders continues to show signs of struggling, even with a bounce-back in tourism to support the debt.

Clark County, Nevada, which is home to the gambling hub city of Las Vegas, is expected to draw on its debt service reserve fund Tuesday to make a payment associated with the $645 million of municipal bonds sold in 2018 for the stadium, according to S&P Global Ratings and a regulatory filing.