Had the deal not gotten done in time, owners could not have considered the lease until their next meeting in October and that could have pushed back the planned stadium opening until 2021, Raiders president Marc Badain said.
The league owners approved the team's relocation during their gathering in March by a 31-1 vote, the Miami Dolphins the lone dissenting vote, though owners did want to see a lease agreement, design plans and FAA approval.
Well, that lease was approved unanimously board member Steve Hill announced at the Las Vegas Stadium Authority at their meeting Thursday. The team also has to figure out parking options for the stadium that will be built near the Las Vegas Strip, west of the Mandalay Bay casino-resort.
Owners can now vote on ratifying the lease at this month's meetings.
The Raiders are still a part of Oakland for now, but they're putting the wheels in motion for their move to Las Vegas.
It remains uncertain where the team will play in 2019.
According to the Las Vegas Sun, the approved lease "offers the Raiders and their designated events company more confidentiality for their financial information during required audits". The proposed stadium is a 65,000-seat dome and early plans show off a home field that looks to be one of the best in the NFL.
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