NFL team owners voted to approve the Raiders’ proposal to relocate to Las Vegas. Once they move, it will mark the franchise’s third relocation since its inception in 1960.
The decision by NFL ownership is the culmination of years of efforts by the Raiders to find a viable stadium solution – continuously in Oakland, then in Los Angeles before eventually agreeing to participate in a partially publicly financed stadium project in Las Vegas.
However, Raiders won’t immediately move to Las Vegas since construction of their planned $1.7 billion domed stadium isn’t expected to be completed until 2020.
”My father always said, ’the greatness of the Raiders is in its future,’ and the opportunity to build a world-class stadium in the entertainment capital of the world is a significant step toward achieving that greatness.”, said Raiders owner Mark Davis to NFL.com.
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The move marks the third NFL team relocation in less than 14 months. The Rams moved from St. Louis back to Los Angeles last year and the Chargers announced their decision to move from San Diego to L.A. in January.