- Even though the $1.8 billion NFL stadium that will one day be home to the Las Vegas Raiders has stayed on budget and on schedule, the challenge of navigating the issues that accompany such a large project has kept Las Vegas Stadium Co. Cheif Operating Officer Don Webb up at night, according to the Las Vegas Review-Journal.
- The construction effort, led by the joint venture of Mortenson Construction and McCarthy Building Cos., almost suffered a two-month setback when delivery of the project’s structural steel order was delayed by more than 50 days, but a reorganization of the workflow — i.e. proceeding with finish work despite a risk of weather damage in areas not yet dried-in — preserved the original completion date. The potential impact of tariffs on millions of dollars’ worth of high-tech electronics, a tight supply of skilled ironworkers and the installation of a first-of-its-kind cable net roof have also required some extra planning.
- Raiders President Marc Badain told the Review-Journal that Mortenson-McCarthy has never missed a deadline and that he has every confidence that the construction team will continue its current level of performance, despite a laundry list of concerns, and will have the stadium ready for the team’s first kickoff in 2020.
During the last report to the Las Vegas Stadium Authority earlier this month, Webb told officials that the stadium is now 44% complete, the Review-Journal reported. Eleven of the venue’s 26 65-ton canopy trusses have been installed, creating almost half of the framework that will eventually support the roof.
The owner’s budget for the project has also increased by $40 million due to the sales of suites, personal seat licenses, club seats and sponsorships above what was originally projected. For personal seat licenses alone, the team has already reached 85% of its goal of $290 million and expects to exceed that number. The extra money will help fund the 20 additional suites the team is building. Because Las Vegas is such a tourist draw and already has plenty of hotel rooms to meet NFL requirements, many believe that the city is on track to win a spot hosting the league’s Super Bowl.
The additional suites have a budget of $8 million, and the additional $32 million will go toward upgrades to fixtures and artwork ($10 million); enhanced technology and communication features inside the venue ($4 million); more robust internet and security ($4 million); seating upgrades ($2 million); additional restroom facilities outside the stadium ($2 million); and a 26,000-square-foot club-level section that can accommodate 800 people ($10 million). Original Article Here.
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