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Raiders Stadium Bonds Find New Life as Las Vegas Tourists Return

The rebound in Las Vegas visitors has shored up tax revenue from hotel rooms, boosting bonds that back the NFL team’s stadium.

    
Photographer: Roger Kisby/Bloomberg

Tourists and gamblers are coming back to Sin City, and that’s lifting the bonds that financed Allegiant Stadium, the nearly $2 billion home of the National Football League’s Las Vegas Raiders.

The $645 million of debt Clark County, Nevada, sold in 2018 is backed by tax revenues from hotel rooms. The bonds struggled in 2020 as the pandemic took hold and global tourism collapsed because they’re backed by those levies.