Trans-city relocation is a fact of life in the business world, as municipalities compete to keep or lure companies that can prove lucrative to local economies. But rarely do such moves come with the fanfare that has accompanied the valley’s newest business — the Oakland Raiders.
When it comes to Las Vegas, Japan and the rest of the world is paying attention, and it’s not about gaming. That’s the message from Phil Klevorick, a Clark County Economic Development liaison, to members of the Southern Nevada CCIM chapter of commercial real estate professionals in talking about Southern Nevada building a $1.9 billion domed stadium for the Raiders.
Domestic sales in organic foods have been steadily increasing for decades, according to the Organic Trade Association and Nutrition Business Journal. In 2015, U.S. consumers purchased $43 billion in organic food, representing 4 percent of total food sales that year, according to OTA statistics.
Quick, name the heavyweight champion of the world. Still thinking on that one? OK, try naming another boxing belt holder in any weight group (don’t forget, Floyd Mayweather is retired, at least for now). That is boxing’s current popularity problem in a nutshell. The answer to that first question is Tyson Fury, Anthony Joshua or Deontay Wilder, depending on which governing body one prefers.
Although Las Vegas is just entering the arena of major professional sports, the city has attracted its share of slightly under-the-radar events that has provided for a deceptively sports-heavy culture. Annual and periodic local athletic events have thrived in the city for decades and are likely to remain popular even as the Golden Knights and Raiders move into town.
The Raiders will be kicking off in one of the most expensive stadiums on earth beginning in 2020. Many local residents may be surprised to learn that the city has already served as home to professional football which was not played in indoor soccer-sized arenas. In 1994, the Canadian Football League expanded into the United States, placing a franchise in Sacramento. The following year, three more American teams were added, including the Las Vegas Posse. Coached by Ron Meyer, former head coach at UNLV and two NFL teams, the Posse played their home games at Sam Boyd.
Few thought it would ever happen that Las Vegas would attract an NFL franchise. The NFL’s public aversion to gambling — despite the game being the most popular sport in the country in part because of it — was a big hurdle to overcome.
Las Vegas is now only months away from officially becoming a major professional sports city. We have rapidly moved from famine to relative feast — last year landing an expansion National Hockey League franchise and last month learning the city will be the new home of one of the National Football League’s most storied teams.