LAS VEGAS, Nevada (KTVU) - Nevada Governor Brian Sandoval officially signed off a funding plan Monday morning to build a new stadium intended to be the future home of the Oakland Raiders.
Raiders owner Mark Davis attended the ceremony but did not speak at the event.
The plan which is based largely on raising the hotel tax would put $750 million dollars of public money towards the new stadium which is intended to house the Raiders and the football team for the University of Nevada Las Vegas.
In addition to the public money, casino tycoon Sheldon Adelson and Raiders owner Mark Davis have pledged to contribute money to the stadium.
While the move is a blow to effort to keep the Raiders in Oakland, it’s far from a done deal.
The Raiders have to convince two thirds of the NFL owners to approve the move.
The owners are meeting in Houston on Tuesday, but the vote would not likely happen until the season is over.
Several other plans to keep the Raider in Oakland continue to move forward, including one headed by former 49er great Ronnie Lott.